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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.

Anduril Industries Valued at $30.5 Billion After $2.5 Billion Fundraising Round

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Defense tech startup Anduril Industries has more than doubled its valuation to $30.5 billion in a fresh funding round where it raised $2.5 billion, the company announced Thursday. This latest capital injection follows last year’s raise of $1.5 billion, which valued the company at $14 billion.

The new funding round was led by Peter Thiel’s Founders Fund, which contributed $1 billion. Other existing investors also increased their stakes as part of the Series G financing.

Founded in 2017 by Palmer Luckey, Anduril specializes in autonomous defense technologies such as sensors and drones. The company has risen rapidly amid growing demand for affordable, automated defense solutions.

Anduril recently formed a strategic partnership with Palantir Technologies to create a consortium aiming to jointly pursue government contracts, aligned with Pentagon efforts to reduce defense spending.

Founders Fund has been a key backer since Anduril’s inception, with co-founder Trae Stephens also serving as a partner at the investment firm.

CoreWeave’s Nasdaq Debut Valued at $23 Billion Amid Market Volatility

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CoreWeave, an AI infrastructure company backed by Nvidia, made its muted debut on the Nasdaq on Friday, with shares closing flat after opening nearly 3% below its initial offer price. The debut gives the company a fully diluted valuation of $23 billion, but the lackluster performance has raised concerns about the broader market’s appetite for IPOs, especially amid tariff uncertainties and a turbulent equity market.

The stock opened at $39, below the IPO price of $40, and closed with little change. This followed a challenging pre-IPO process, where CoreWeave downsized its offering. The company is part of the AI infrastructure wave, providing access to data centers and Nvidia chips, which are in high demand for developing AI applications.

Despite these promising prospects, concerns about long-term growth and risks in a volatile market persist. CoreWeave’s heavy reliance on major clients like Microsoft, which accounts for a significant portion of its revenue, has drawn attention, especially with the uncertainty surrounding Big Tech’s AI investment strategies and competition from cheaper AI solutions like China’s DeepSeek.

CoreWeave’s IPO raised $1.5 billion, with Nvidia contributing a $250 million order. The company has secured a substantial contract with OpenAI, valued at $11.9 billion, to reduce customer concentration risks. However, CoreWeave faces challenges due to its capital intensity, debt load, and reliance on leased data centers.