By entering the country, the company expects to help Indian firms comply with India’s new data privacy laws

As a part of an expansion plan, Coralogix, an Israel based provider of machine-learning based log analytics, has announced investment of $30million within the next five years in India.

According to LiveMint, Coralogix will set up a new Amazon Web Service in the Mumbai region. This will enable companies with regional server support, enhance data storage capacities and compliance with the upcoming security laws, the report said.

“By localizing data, Coralogix will help customers meet compliance requirements for India’s new data privacy laws and dramatically improve service performance," the company said in a statement according to Live Mint.

The company is also setting up a team on site to promote the initiative in the region and initiate sales and marketing for the same.

Coralogix CEO and cofounder Ariel Assaraf was quoted saying the company will start working in India in accordance with the latest data security and privacy laws to be effective from 2021 onwards.

“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.” Assaraf added, according to the LiveMint report.

Companies using these services are prone to get affected by the new laws imposed. According to the report, companies like BookMyShow, Postman and Jupiter Money have already signed contracts with Coralogix.

Read the full report in LiveMint