Coralogix Ltd. says it’s going to automate and extend the value of its observability tools to every business worker after closing on a $115 million late-stage funding today.

The Series E round coincides with the launch of its first artificial intelligence agent, called “olly,” which enables nontechnical users to explore the full power of its platform.

Today’s round was led by NewView Capital and saw participation from the Canada Pension Plan Investment Board and NextEquity, a venture firm founded by former Apple Inc. executives Avie Tevanian and Fred Anderson. Numerous existing investors also participated, including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, StageOne Ventures, Joule Capital Partners and Maor Investments. With today’s round, Coralogix is now valued at more than $1 billion.

The company is the creator of a “full-stack observability” platform that’s used by organizations to find and fix technical issues with their information technology infrastructure. It works by scanning the telemetry data created by IT and cloud systems, analyzing it for any signs of problems. It primarily aims to catch potential issues before they cause applications and software to stop working properly.

Until now, Coralogix’s platform has generally been used by DevOps teams and IT infrastructure engineers. With the launch of olly, it wants to change that and enable anyone, including business leaders, product managers and other staff, to participate in observability.

The idea with olly is to simplify observability by making it accessible in a conversational way. According to the company, olly will actively guide users through any questions they have, surface relevant insights and recommend next steps they can take to try and fix issues that occur with their applications. It says that by allowing nontechnical users to participate in this process, it’s transforming observability into an intelligent system that can accelerate decision making and increase value and productivity for businesses.

As an example, Coralogix said users can ask olly questions about specific problems they come across, such as “What is wrong with the payment flow?” It will do its best to explain the problem, and suggest a way to fix it, in plain English. In addition, users can also ask more holistic questions, such as “Which service is frustrating users the most?”. They can then set about resolving problems without needing to bring in technical expertise.

The company says olly can also help technical users to understand the “why” behind system failures. By consolidating and interpreting system logs, metrics and traces, it can save them time that would otherwise be spent on manual analysis, for example.

“Olly is more than just an observability tool,” said Coralogix Chief Executive Ariel Assaraf. “It’s an intelligent assistant that empowers employees to gain full access to all their data and make better decisions.”

The launch of olly is just the latest in a string of important updates to the Coralogix platform, with many of them stemming from its acquisition of the AI observability startup Aporia Inc. last December. In March, it announced the Coralogix AI Center, an AI-powered observability tool that extends its insights beyond application performance to quality, governance and security.

Then in May, it announced a new “Continuous Profiling” capability that delivers real-time visibility into application performance without any code changes or production impact. It’s an effort to address the limitations of traditional code profiling tools, which often introduce performance overhead and require intrusive changes to application code.

Assaraf said the company’s investors understand that AI is going to have a transformative impact on observability, and they believe it’s in pole position to deliver on that promise. “No other vendor is driving innovation and development at our scale,” he said.

Image: Coralogix