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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.

RevenueCat Raises $50 Million Series C to Expand Subscription Platform Amid AI and Gaming Boom

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RevenueCat, a subscription management platform serving mobile and app-based businesses, has raised $50 million in Series C funding, the company announced Thursday. The round was led by Bain Capital Ventures, with continued backing from Index Ventures, Y Combinator, Volo Ventures, and others.

The San Francisco-based startup enables app developers to manage pricing, subscriptions, and virtual goods across platforms like iOS, Android, and web — a function that’s becoming increasingly vital amid a surge in AI-driven apps and mobile gaming.

Key Highlights

  • Major Clients: Includes OpenAI, which worked with RevenueCat to deploy ChatGPT on mobile after its 2022 launch.

  • AI App Growth: 20% of RevenueCat’s top 20 apps are AI-based, CEO Jacob Eiting told Reuters, as generative AI apps tend to charge premium fees and convert users more effectively.

  • Expansion Plans: The company plans to use the new capital to:

    • Grow its workforce

    • Pursue strategic acquisitions

    • Advance into mobile gaming with features like virtual currency tools

“We eventually hope to be as important in the game market as we are in the app market,” Eiting said.

Strategic Context

RevenueCat is riding a wave of increased app creation thanks to tools like no-code platforms and AI-based development kits, which have fueled demand for streamlined monetization infrastructure. Its technology abstracts complex payment logic and backend infrastructure, allowing developers to focus on product development.

The platform is also expanding capabilities tailored to game developers, a sector known for in-app purchase complexity and a high-spending user base. The company’s new virtual currency feature aims to help developers better manage in-game economies and monetization models.

With this new funding, RevenueCat is positioning itself as the go-to backend for subscription infrastructure, not just for mobile apps, but increasingly for AI and gaming ecosystems — two of the fastest-growing digital markets.

SailPoint Targets $11.5 Billion Valuation in U.S. IPO

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SailPoint, a cybersecurity firm backed by private equity firm Thoma Bravo, is targeting a valuation of up to $11.5 billion in its upcoming initial public offering (IPO) in the United States. The firm, based in Austin, Texas, is offering 47.5 million shares at a price range of $19 to $21 per share, with an additional 2.5 million shares from its parent, Thoma Bravo, raising a total of up to $1.05 billion. The IPO, expected to be the first major U.S. tech listing of 2025, will gauge investor sentiment following mixed results from previous high-profile IPOs.

SailPoint specializes in identity and access management software, which helps businesses mitigate unwanted user access and protect sensitive data from cyberattacks. The growing demand for cybersecurity, fueled in part by the increasing use of artificial intelligence by malicious actors, has bolstered the firm’s offerings. Its competitors include major tech giants like IBM, Microsoft, Oracle, CyberArk, and Okta. The firm counts clients like truckmaker PACCAR, student loan servicer Nelnet, and British supermarket chain ASDA among its customers.

Thoma Bravo, which manages about $166 billion in assets, first acquired SailPoint in 2014 and took it public in 2017. After selling its stake in 2018, Thoma Bravo reacquired SailPoint in 2022 for $6.9 billion. Since going private, the company has completed its transition to a software-as-a-service (SaaS) model. The IPO will mark SailPoint’s return to the stock market.

Notable investors such as AllianceBernstein and Dragoneer Investment Group have expressed interest in buying up to 20% of the shares sold in the offering. Morgan Stanley and Goldman Sachs are the lead underwriters for the IPO, which will be listed under the symbol “SAIL” on the Nasdaq. Following the offering, Thoma Bravo will retain an 88.5% stake in SailPoint. The company plans to use the proceeds to repay debt and settle outstanding equity awards.