Israeli data analytics and cybersecurity startup Coralogix is set to invest the majority of its recent $115 million Series E fundraise in India, reinforcing its strategic focus on expanding operations, especially in engineering, AI, and cybersecurity.
The latest funding round was led by NewView Capital and NextEquity Partners, with participation from the Canada Pension Plan Investment Board (CPP Investments). With this round, Coralogix’s post-money valuation has exceeded $1 billion, placing it among the growing list of unicorn startups
The latest funding round was led by NewView Capital and NextEquity Partners, with participation from the Canada Pension Plan Investment Board (CPP Investments). With this round, Coralogix’s post-money valuation has exceeded $1 billion, placing it among the growing list of unicorn startups
India at the Core of Coralogix’s Global Expansion
According to Navdeep Manaktala, India Head at Coralogix, “We’re going to ramp up the engineering R&D team here in India, including a large number of positions relating to artificial intelligence and data science.”
India ranks among Coralogix’s top three markets, alongside the United States and Europe. The company currently employs 150 professionals in India, out of its 370 global workforce, serving industries such as BFSI, edtech, logistics, and IT.
India ranks among Coralogix’s top three markets, alongside the United States and Europe. The company currently employs 150 professionals in India, out of its 370 global workforce, serving industries such as BFSI, edtech, logistics, and IT.
Planned Expansions and New Hubs
- Coralogix plans to expand its India HQ in Gurgaon
- A new office in Bengaluru is also in the pipeline
- The firm will grow teams across sales, customer support, and engineering
Coralogix entered India in 2020, committing $30 million to comply with local data regulations, and deployed its first AWS server in Mumbai to support regional hosting and data storage requirements
Cybersecurity Expansion through SnowBit
The company’s cybersecurity business is also set to grow, with its global arm SnowBit operating from India since 2022. India serves as the global hub for SnowBit’s operations, with Coralogix planning to “significantly expand” cybersecurity services in the region.
With the surge in cyber threats—accelerated by advancements in AI—and increasing enterprise adoption, Coralogix is poised to meet the demand. The cybersecurity market in India alone is projected to reach $3.3 billion in 2025, according to Gartner, marking a 16.4% growth over 2024.
With the surge in cyber threats—accelerated by advancements in AI—and increasing enterprise adoption, Coralogix is poised to meet the demand. The cybersecurity market in India alone is projected to reach $3.3 billion in 2025, according to Gartner, marking a 16.4% growth over 2024.
Strengthening BFSI and Fintech Partnerships
While Coralogix has traditionally served non-banking financial companies and fintechs, it has now begun onboarding Indian banks to its growing client base. Manaktala did not disclose specific names but emphasized the increasing importance of enterprise customers in India.
Leadership Remarks
“India offers a unique combination of technical talent, customer insight, and growth potential, making it a critical market for both data analytics and cybersecurity innovation,” said Manaktala.
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