Oligo Security raises $50M Series B to stop cloud application attacks in real time
Oligo Security raises $50M Series B to stop cloud application attacks in real time
The cybersecurity company’s platform detects vulnerabilities before they become exploits, ensuring organizations stay secure.
Cybersecurity company Oligo Security, which provides a platform for identifying and stopping critical security vulnerabilities in cloud applications in real time, has raised $50 million in a Series B round, bringing the company's total investments to $80 million in less than two years. The round was led by Greenfield Partners , with participation from Red Dot Capital Partners, Strait Capital, and existing investors Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners.
Oligo provides deep application inspection at runtime, enabling real-time visibility into library and function-level activity. With this capability, security teams can accurately pinpoint where code vulnerabilities exist and if they are in use, providing a clear picture of true application risk. The Oligo platform also continuously monitors application behavior to detect anomalies and stop on modern applications before they become breaches.
Oligo was co-founded by Nadav Czerninski, CEO, Gal Elbaz, CTO, and Avshalom Hilu, CPO. The three are childhood friends and officers who graduated from the cyber units of IDF military intelligence (8200, 81) and Matzov (Center of Encryption and Information Security). In the past two years, the company has experienced rapid growth and now serves government organizations and large financial, healthcare, and technology companies, including Fortune 500 companies. Oligo Security employs over 50 people at its development center in Israel and offices in New York.
“Existing application security and runtime approaches are simply not suitable for this new era of modern software, and therefore don't deliver the step-function needed to truly reduce risk and stop attacks on cloud applications,” said Nadav Czerninski, co-founder and CEO, Oligo Security. “We built Oligo to see deeper into any application than ever before, verifiably identify the vulnerabilities that matter most, and stop any exploitation attempt in its tracks. We've been honored to deliver value to the world's largest organizations with the Oligo platform, and we’re excited to bring this value to even more customers – and with them, create a new paradigm for application security.”
