Israeli data analytics firm acquires Aporia for $50m

Israeli data analytics firm acquires Aporia for $50m

Tech in Asia·2024-12-24 17:00

Israeli-based data analytics firm Coralogix has acquired the machine learning observability platform Aporia in a US$50 million deal.

The transaction includes a combination of cash and shares.

Coralogix intends to establish a new AI research and development center, Coralogix AI, focused on monitoring and securing AI systems.

The entire Aporia team will move to Coralogix’s offices, where their technology will be integrated into the existing platform.

Coralogix, which had raised US$238 million to date, aims to invest in AI research to address transparency, control, and fairness in AI.

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