Israeli data analytics company Coralogix has acquired Israeli startup Aporia, which has developed an observability platform for machine learning. The deal was first reported by Calcalist.
The companies disclosed that the acquisition price is estimated at $50 million in cash and Coralogix stock. As part of the agreement, Coralogix AI, a new AI research and development center focused on monitoring and securing AI systems, will be established. The entire Aporia team will relocate to Coralogix’s offices, where the technology will be integrated.
Aporia CEO Liran Hason and Aporia CTO Alon Gubkin will remain with the company and lead the AI center. Coralogix plans to invest tens of millions of dollars into researching and solving fundamental problems in artificial intelligence, such as transparency, oversight, and control, with the aim of ensuring responsible, secure, and fair AI. said.
Aporia has raised approximately $30 million to date from investors including Tiger Global, Samsung Next, TLV Partners, and Vertex Ventures.
Aporia’s platform provides organizations with control, management, and monitoring of their AI systems, enabling them to create reliable and secure AI solutions. The system identifies a wide range of errors in real time, from issues such as data changes and bias in classical models to hallucinations and security breaches in generative AI systems. Additionally, Aporia’s solution provides full transparency into the AI model’s decision-making process, providing a detailed explanation of system considerations and advanced real-time risk blocking capabilities.
Founded in 2015, Coralogix has developed the leading observability platform used by thousands of companies around the world. The company has raised $238 million to date. Its latest funding round, a $142 million Series D in 2022, valued the company at $900 million. Coralogix was co-founded by CEO Ariel Assaraf and CTO Yoni Farin. The company provides a data analytics platform that allows software development teams to monitor and analyze data generated by their systems.
“This acquisition is an important step for us. Aporia’s technology and expertise will enable the hundreds of AI teams already using Coralogix to enjoy transparency, protection, and high-quality control over their AI systems. ” said Assaraf. Perrin added: “Just as Israel’s cyber talent has put Israel on the global technology map, Israel has a wealth of AI talent to tap into.” We are pleased to establish a new research center that will attract unique talent in this field and work in an advanced and data-rich environment. ”
said Liran Hason, CEO and Founder of Aporia. Connecting with Coralogix allows us to accelerate and scale our operations and bring transparency to AI systems around the world. ”
As part of his military service with Unit 81, Hayson led a team that won the Israel Security Award and was one of the first employees of Adalom, a company founded by Wiz’s founders. He joined Vertex Ventures’ investment team after its acquisition by Microsoft.
