Israel-based data analytics company Coralogix has acquired Aporia, a machine learning observability platform, in a deal valued at $50 million.
The acquisition involves a mix of cash and equity.
Coralogix plans to launch a new AI research and development hub, Coralogix AI, dedicated to enhancing the monitoring and security of AI systems.
Coralogix will relocate Aporia’s entire team to its offices and incorporate its technology into its platform.
Having raised $238 million, Coralogix plans to invest in AI research to tackle issues of transparency, control, and fairness in artificial intelligence.
“This acquisition is a significant step for us. With the technology and expertise of Aporia, hundreds of AI teams already using Coralogix will be able to enjoy transparency, protection, and high-quality control over their AI systems,” said Assaraf. Perin, CEO of Coralogix, added, “Israel has a wealth of talent in the AI field that can be leveraged, just as the Israeli cyber talent has placed Israel on the global technology map. We are pleased to establish a new research center that will attract unique talents in the field to work in an advanced and data-rich environment.”
Liran Hason, Aporia’s CEO and founder, noted, “Since the company’s establishment, we have made it our mission to ensure the safe and reliable use of AI systems. The connection to Coralogix allows us to accelerate and expand our operations and bring transparency to AI systems worldwide.”
Founded in 2015, Coralogix has built a leading observability platform trusted by thousands of companies globally. To date, the company has secured $238 million in funding, including a $142 million Series D round in 2022 that valued the company at $900 million. Co-founded by CEO Ariel Assaraf and CTO Yoni Farin, Coralogix offers a data analytics platform that enables software development teams to monitor and analyze system-generated data efficiently.
