Coralogix acquires Aporia in $50M deal to boost AI system transparency
Coralogix acquires Aporia in $50M deal to boost AI system transparency
The acquisition includes plans for a new research center, leveraging Aporia's expertise in AI observability.
The Israeli data analytics company Coralogix has acquired the Israeli startup Aporia, which developed an observability platform for machine learning. The deal was first reported by Calcalist.
The companies revealed that the purchase amount is estimated at $50 million, comprising a combination of cash and shares in Coralogix. As part of the deal, Coralogix AI will be established—a new AI research and development center focused on monitoring and securing AI systems. The entire Aporia team will relocate to Coralogix’s offices, where their technology will be integrated.
Liran Hason, CEO of Aporia, and Alon Gubkin, the company’s CTO will continue with the company and will lead the AI center. Coralogix said that it plans to invest tens of millions of dollars in research and solving fundamental issues in artificial intelligence, including transparency, monitoring and control, with the aim of ensuring responsible, safe, and fair AI.
Aporia has raised approximately $30 million to date, with investors including Tiger Global, Samsung Next, TLV Partners, and Vertex Ventures.
Aporia’s platform provides organizations with control, management, and oversight of their AI systems, enabling reliable and safe AI solutions to be created. The system identifies a wide range of errors in real-time, from issues like data changes and biases in classical models, to hallucinations and security breaches in generative AI systems. Additionally, Aporia’s solution provides full transparency into the decision-making processes of AI models and offers detailed explanations of the system’s considerations and advanced real-time risk blocking capabilities.
Coralogix, founded in 2015, developed a leading observability platform used by thousands of companies worldwide. The company has raised $238 million to date. In its most recent funding round in 2022, a $142 million Series D, the company was valued at $900 million. Coralogix was co-founded by CEO Ariel Assaraf and CTO Yoni Farin. The company provides a data analytics platform that helps software development teams monitor and analyze data generated by their systems.
“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 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, CEO and founder of Aporia, noted that “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.”
Hason led a team that won the Israel Security Award as part of his military service in Unit 81, and became one of the first employees at Adallom, established by the Wiz founders. After its acquisition by Microsoft, he joined the investment team of Vertex Ventures.
