Coralogix has raised $55 million in a Series C funding round, bringing the company’s total amount raised to $96 million. New investor Greenfield Partners led the round with participation from Red Dot Capital Partners, StageOne Ventures, Eyal Ofer’s – O.G. Tech, Janvest Capital Partners, Maor Investments, and 2B Angels.

This round comes on the heels of a momentous year for Coralogix. In the last quarter, Coralogix almost tripled in YoY growth and more than doubled its paying customer base to over 2000. The company will use the new capital to extend their platform beyond observability towards a storage-free data solution.

Coralogix’s Streama technology produces insights and trend analysis with no reliance on storage or indexing, solving the challenge of data growth in large-scale systems.

Yoni Farin, Coralogix CTO, said, “Our mission is to make raw data obsolete. This round of funding will help us further our storage-free vision, supporting the exponential nature of software.”