CybersecurityNews

Israel’s Coralogix Plans to invest Over 30M$ in India 

Israel based Coralogix, provider of leading ML-powered log analytics and monitoring solution, expands into India to provide its customers with its first local AWS regional server support and data storage capabilities. By localizing data, Coralogix will help customers meet compliance requirements for India’s new data privacy laws and dramatically improve service performance. Coralogix is also rolling out an onsite team to provide comprehensive sales and customer success support to India-based companies. It plans to invest $30 million in India, in next five years.

“With today’s strategic move, we are proactively addressing new Indian data privacy laws scheduled to take effect in 2021 by providing Coralogix customers with a solution well ahead of most of our competitors,” said Ariel Assaraf, CEO and co-Founder, Coralogix. “When the new laws are enacted, we anticipate a profound sense of urgency for companies who fall under domestic compliance rules to store their data locally and avoid being penalized for non-compliance.”

Cloud and SaaS technology companies that collect user data will be most notably affected by these new laws and stand to benefit from today’s expansion announcement. Several regional brands operating within these industries have already signed on as Coralogix customers including Postman, Jupiter Money, BookMyShow and more.

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