Coralogix Secures $115M to Fuel Indian Expansion in Data Security
Coralogix, an Israeli data security firm, has raised $115 million in Series E funding led by NewView Capital. The company plans to invest heavily in India, expanding offices and creating tech jobs. With its robust Indian client portfolio, Coralogix aims to enhance its market presence in fast-growing sectors.
- Country:
- India
Coralogix, an Israeli data security platform, has successfully secured $115 million in a Series E funding round, headlined by NewView Capital. The strategic move emphasizes a significant investment directed towards expanding its footprint in India.
The company aims to bolster its presence in compliance-intensive and rapidly growing sectors such as BFSI, IT & Telecom, Logistics, and EdTech. According to a company statement, India ranks among its top three markets globally, necessitating this focused financial injection.
Coralogix plans to substantially grow its Gurugram office and increase recruitment efforts in Bengaluru and Mumbai. Over the next half-decade, the firm aims to generate numerous high-value technology jobs across AI, data science, cloud security, and enterprise sales, leveraging its diverse Indian client base, which includes notable names like Postman, Meesho, and Razorpay.
(With inputs from agencies.)
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