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Correlsense provides enterprise software solutions engineered to elevate IT reliability. Their primary offering focuses on detecting degradations and outages originating from poorly performing applications. This capability allows organizations to proactively address issues, ensuring consistent application performance and operational stability across their complex technology infrastructures.
The company was established in 2005 by Lanir Shacham. Shacham founded Correlsense to tackle the escalating complexities within application performance management, driven by a need for improved visibility into software application health. This foundational insight aimed to furnish enterprises with comprehensive tools for managing their critical digital services.
Correlsense targets businesses that require robust operational consistency and reliable application delivery. The company's vision is centered on enabling these enterprises to maintain optimal application experiences, thereby securing user satisfaction and supporting continuous business operations. They aspire to be instrumental in fostering resilient and high-performing IT environments.
Correlsense has raised $27.0M across 5 funding rounds.
Correlsense has raised $27.0M in total across 5 funding rounds.
Correlsense has raised $27.0M in total across 5 funding rounds.
Correlsense's investors include Accel, F2 Capital, Nordic FoodTech VC, Relay Ventures, Vertex Ventures Israel, Robin Klein, eXeed Technology, ProSeed, Technion Research and Development Foundation, Temasek, eXceed Technology.
Correlsense was a technology company that developed Enterprise Application Performance Management (APM) solutions, specifically the SharePath platform for Business Transaction Management (BTM). It tracked and profiled complex software transactions across modern, legacy, homegrown, and commercial applications, capturing every API request to detect latencies, bottlenecks, degradations, and outages, thereby ensuring IT reliability and reducing downtime for businesses.[1][2][3][4] Serving large-scale enterprise customers across multiple industries with proven handling of billions of transactions daily, the company raised around $11M–$30M in funding up to Series C stage, achieved sub-$10M revenues in 2016 with ~40% growth, and employed under 50 staff before marking as defunct.[1][3]
Founded in 2005, Correlsense emerged as a privately-held innovator in IT systems monitoring, headquartered in Israel with a US sales office in Framingham, Massachusetts.[1][3][5] The company invested heavily—hundreds of man-years—in building a patented, real-time correlation engine for end-to-end transaction tracing, addressing gaps in existing tools limited to vertical stacks like Java or .NET.[3] Early traction came from partnerships, such as with IT services provider OnX, and deployments with major customers tracing massive transaction volumes, leading to 2016 revenues under $10M amid 40% growth, though it later ceased operations.[3][5][1]
Correlsense stood out in the crowded APM market through these key strengths:
Correlsense rode the early application performance management wave in the mid-2000s, capitalizing on rising enterprise demands for IT reliability amid complex, hybrid IT environments blending legacy and emerging systems.[3][5] Its timing aligned with data center growth and the need for transaction-level visibility before cloud-native observability tools dominated, influencing the ecosystem by pioneering agentless, cross-stack tracing that pressured competitors to expand coverage.[1][3] Market forces like increasing application sprawl and downtime costs favored its approach, though it operated pre-AI-driven automation era, paving the way for modern players like Riverbed in observability.[1]
Correlsense exemplified early APM innovation but faded post-2016, listed as "Dead" after Series C with no evident revival or acquisition by 2025.[1] Its IP—particularly the correlation engine and API capture tech—holds potential for licensing in API management, billing, or enhanced observability, amid trends like microservices explosion and AI ops demanding deeper traces.[3] Influence may evolve through tech reuse in startups tackling hybrid cloud performance, underscoring how pioneering BTM tools shaped today's $10B+ observability market, even if the company itself did not endure.[1][3]
Correlsense has raised $27.0M across 5 funding rounds. Most recently, it raised $4.0M Series D in September 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2013 | $4.0M Series D | Accel, F2 Capital, Nordic FoodTech VC, Relay Ventures, Vertex Ventures Israel, Robin Klein | |
| Jul 1, 2012 | $3.0M Series C | Accel, F2 Capital, Nordic FoodTech VC, Relay Ventures, Vertex Ventures Israel, Robin Klein, eXeed Technology, ProSeed, Technion Research and Development Foundation, Temasek | |
| Mar 16, 2010 | $8.0M Series B | Accel | eXceed Technology, ProSeed, Temasek |
| Apr 1, 2009 | $8.0M Series B | Accel, F2 Capital, Nordic FoodTech VC, Relay Ventures, Vertex Ventures Israel, Robin Klein | |
| Jun 1, 2008 | $4.0M Series A | Accel, F2 Capital, Nordic FoodTech VC, Relay Ventures, Vertex Ventures Israel, Robin Klein |