Data analytics platform Coralogix nearly doubled its valuation to over $1 billion in its latest funding round, co-founder and CEO Ariel Assaraf told as AI-driven enterprise offerings continue to pique investor delight. Coralogix raised $115 million in a round led by California-based venture growth firm NewView Capital. The fundraise comes three years after Coralogix’s previous external funding in 2022, where it raised $142 million. Valuations have faced downward pressure since then, as investors continue to sit on dry powder amid elevated interest rates and geopolitical tensions. Coralogix’s revenue increased seven times since 2022, Assaraf told. Coralogix also unveiled its new AI agent “olly,” aiming to simplify data monitoring via a conversational platform. “Olly makes deep observability data accessible to every team. Whether you ask, ‘What is wrong with the payment flow?’ or ‘Which service is frustrating our users the most?’ Olly translates those questions into detailed, system-level answers,” the company wrote on its blog.