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Data Analytics Startup Coralogix Valued Over $1 Billion After $115 Million Funding Round

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Coralogix, a data analytics and AI observability platform, nearly doubled its valuation to over $1 billion in its latest funding round, the company’s co-founder and CEO Ariel Assaraf told Reuters.

The startup raised $115 million in a round led by California-based venture growth firm NewView Capital, with participation from the Canada Pension Plan Investment Board (CPPIB) and venture firm NextEquity. This funding round follows Coralogix’s $142 million raise in 2022.

Despite a wider slowdown in venture capital for enterprise software-as-a-service (SaaS) startups, driven by elevated interest rates and geopolitical tensions, AI-driven SaaS solutions continue to attract investor interest. According to PitchBook, AI-focused SaaS financing hit a record $58 billion in Q1 2025.

Coralogix’s revenue has grown sevenfold since 2022, but the company is not yet profitable, with nearly 75% of its 2024 revenue reinvested into research and development. Assaraf noted this investment-heavy approach is common among peers such as Datadog and Splunk, who also prioritized R&D before profitability.

The startup has expanded its AI capabilities, notably through the acquisition of Aporia in December 2024, which bolstered its AI observability offerings. Coralogix is aggressively growing its AI talent pool and remains open to strategic acquisitions to enhance its expertise.

In line with its AI focus, Coralogix introduced a new AI agent called “olly”, designed to simplify data monitoring with a conversational interface. Industry experts have recognized AI agents as a transformative application of artificial intelligence in enterprise IT management.

NXP Plans to Generate 8-10% of Revenue from India by 2030

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NXP Semiconductors is poised to generate between 8% and 10% of its revenue from India by 2030, driven by the growing demand in the country’s automotive and industrial sectors. Hitesh Garg, head of NXP India, shared this projection at an industry event in Bengaluru, emphasizing that the next three to five years will be crucial for the company as it targets significant revenue growth in the region.

While NXP currently does not disclose its revenue from India, the company views the country as an increasingly important market. India’s expanding automotive industry and the rise of industrial applications for chips are expected to fuel this growth. As a result, NXP is positioning itself to capture market share in the region, which is still a small but fast-growing segment for many global chip manufacturers.

This strategic focus on India comes at a time when NXP’s sales in China have faced uncertainty due to geopolitical tensions, including the expansion of Chinese production in older chip technologies and European tariffs on Chinese electric vehicles. In 2023, China represented nearly a third of NXP’s $13.28 billion in sales, with the rest of the Asia-Pacific region accounting for nearly 30%. Garg indicated that any missed opportunities in one market could be offset by expanding in others, like India.

India’s semiconductor industry is still in its early stages, but the government has been working to establish a robust ecosystem, with initiatives like a $10 billion incentive package aimed at growing the local chip market. The country expects its semiconductor market to reach $63 billion by 2026, despite not yet producing its own chips. In September, NXP announced a $1 billion investment in India, which includes a major boost to its research and development efforts. Other companies like Micron are also making investments in the Indian market, signaling growing confidence in the region’s potential.

 

Samsung’s Q4 Profit Misses Expectations as Chip Issues and Rising Costs Weigh on Earnings

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Samsung Electronics has reported a significant shortfall in its preliminary fourth-quarter operating profit, primarily due to challenges in its semiconductor business. The South Korean tech giant estimates an operating profit of 6.5 trillion won ($4.5 billion) for the three months ending Dec. 31, well below analyst expectations of 7.7 trillion won. Although the expected profit represents a 131% year-on-year increase, it marks a 29% decline compared to the previous quarter.

The company’s earnings were affected by rising research and development (R&D) costs and the ramp-up of manufacturing capacity for advanced semiconductors. Additionally, weak demand for conventional memory chips used in PCs and mobile phones further contributed to the dip in profits.

Samsung’s efforts to provide high-end chips to Nvidia have also posed challenges. Unlike its rival SK Hynix, which is Nvidia’s main supplier of high-bandwidth memory (HBM) chips used in AI GPUs, Samsung has struggled to meet the tech giant’s chip requirements. Nvidia’s CEO, Jensen Huang, mentioned that Samsung needs to “engineer a new design” to supply HBM chips, although he expressed confidence in Samsung’s ability to meet this challenge.

The disappointing earnings also extended to Samsung’s logic chip division, which designs and manufactures chips for mobile phones. Analysts estimate losses could have widened to about $1.5 billion in the fourth quarter due to lower production yields and reduced demand for mobile devices, including Samsung’s premium foldable phones.

Despite the weak earnings, Samsung’s shares saw a slight uptick, with analysts noting that the company’s woes were already factored into stock prices. Competition in the chip and mobile sectors remains intense, and analysts are cautiously optimistic that chip demand may have bottomed out.