The company recently attained unicorn status following its $115 million Series E funding round Olly Enables Both Technical and Non-Technical Users to Access Observability Insights, Unifying Business and Engineering Around Shared Goals and Data Driven Decisions.
Coralogix, a leading full-stack observability and security platform provider, has announced the launch of “Olly”, an AI agent designed to extend the value of observability across the enterprise.
Olly enables anyone, from product managers to business leaders, to interact with observability data and get real-time, actionable answers. The India rollout is part of Coralogix’s broader global expansion following its recently announced $115 million Series E funding round.
This latest round of funding is fueling the global rollout and commercialization of Olly and will play a pivotal role in shaping the future of observability innovation. With this round, the company surpasses a $1 billion valuation, driven by strong customer growth and increasing demand for scalable observability. Indian enterprises face challenges such as managing large volumes of data, inconsistent data quality (reported by 54% of organizations), and a shortage of AI expertise (36%). Olly addresses these gaps by redefining what observability can be in the new AI era. Going beyond logs, metrics, and traces, Olly delivers contextual answers, automates root cause analysis, and proactively surfaces opportunities and risks.
By fusing advanced AI with deep telemetry data, Olly transforms observability from a reactive tool into an intelligent, always-on assistant that empowers teams across functions to drive faster, smarter decisions. “Olly is more than just an observability tool; it’s an intelligent assistant that empowers employees to gain full access to all their data and make better decisions,” said Ariel Assaraf, CEO, Coralogix.
India is one of Coralogix’s fastest-growing markets. The company is leveraging India’s engineering talent and cloud ecosystem, including its AWS data center in Mumbai, to develop and localize Olly for Indian enterprises. Sectors expected to benefit include BFSI, IT & Telecom, e-commerce, logistics, and healthcare, particularly where observability, compliance, and AI reliability are critical. The Indian data observability market was valued at $93.4 million in 2023 and is projected to reach $280.3 million by 2030 (CAGR: 17%).
The broader enterprise monitoring market is expected to grow from $200.06 million in 2024 to $906.54 million by 2032 (CAGR: 20.79%), driven by cloud adoption, AI integration, and increasing cybersecurity requirements. “AI is not just part of the future- we believe it’s the foundation of it,” said Yoni Farin, CTO and Co-Founder of Coralogix.
“That’s why we’ve made a bold, foundational change to embed AI into the core of our platform.” Olly is an agentic AI system designed not just to surface alerts from all of the telemetry data that Coralogix observes, but to answer questions and guide action. Users can ask questions ranging from precise prompts like, “What is wrong with the payment flow?” or, “Why do some users struggle with logging in?” to more holistic questions like, “Which service is frustrating our users the most?” Though easy to phrase, these prompts give users access to deep system-level understanding without requiring manual investigation or specialized knowledge.
Olly offers several key benefits for enterprise teams managing complex systems. It simplifies telemetry search and reduces mean time to resolution (MTTR) by replacing multi-step filtering with a prompt-driven interface that quickly surfaces the underlying causes of system issues.
By consolidating and analyzing logs, metrics, and traces, Olly enables instant root cause identification, saving engineering time and minimizing the need for manual analysis. Additionally, it provides guided recommendations and diagnostic suggestions, helping teams detect errors and implement fixes efficiently while maintaining full control over the resolution process.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
