Olly empowers all users to access observability insights, aligning business and engineering for unified, data-driven decision-making.
Coralogix Inc., a leader in full‑stack observability, announced it has surpassed a $1 billion valuation following a $115 million Series E funding round. This milestone also marks the unveiling of Olly, the industry’s first agentic AI assistant built to democratize observability across enterprises .
Powered by participation from NewView Capital, CPPIB, and NextEquity—and backed by existing investors—the Series E round aims to fuel global adoption of Olly and drive the next wave of innovation in intelligent observability.
Expanding Observability Beyond Engineering
Traditionally, observability has been a niche, technical tool. Olly redefines this by enabling both technical and non‑technical teams—from engineers to business leaders—to interact with system telemetry and derive actionable answers. Whether asking “What is wrong with the payment flow?” or “Which service is frustrating our users the most?”, Olly delivers instant and contextual insights.
Built on Coralogix’s powerful streaming architecture and enhanced by the acquisition of Aporia, Olly processes logs, metrics, and traces in real time—transforming observability into an always‑on, intelligent assistant that boosts efficiency and reduces MTTR.
Key Benefits of Olly
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Effortless Telemetry Queries – A simple prompt eliminates the need for complex filtering, speeding up root‑cause diagnosis.
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Automated Root Cause Analysis – Consolidates telemetry into a unified view, saving teams from manual correlation.
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Guided Recommendations – Provides clear, actionable next steps without overriding user control.
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Candid Insights from Leadership
“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.
“AI is not just part of the future; we believe it’s the foundation of it. That’s why we’ve made a bold, foundational change to embed AI into the core of our platform,” said Yoni Farin, co‑founder and CTO.
Driving the Future of Enterprise Observability
Following the December 2024 acquisition of Aporia and the subsequent launch of the Coralogix AI Center—an industry‑first platform for monitoring GenAI model performance and governance—Olly is the next bold step toward full‑enterprise AI observability.
Scheduled for general availability in early Q3 2025, Olly aims to unite engineering with business functions, transforming observability into a strategic enterprise function.