Oligo Security Raises $50M Series B to Tackle Cloud-Native Application Threats

Oligo Security, which specializes in application detection and response (ADR), announced it has raised $50 million in Series B funding led by Greenfield Partners. The Oligo platform finds exploitable application vulnerabilities in real-time and stops cloud-native attacks. The round brings Oligo to $80 million in total funding in less than two years.

According to the company, the explosive growth of vulnerabilities in cloud-native software has created a near-impossible challenge for security organizations tasked with finding, fixing, and defending against software vulnerabilities – with more than 100 new vulnerabilities are reported each day.To combat this, security organizations must transform the way they identify real application risk and stop application-based attacks.  

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.

“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. 

Co-founded by Czerninski, Gal Elbaz, CTO, and Avshalom Hilu, CPO, Oligo has enjoyed momentum since coming out of stealth in early 2023. Its platform currently powers the security programs of Fortune 500 customers and serves scores of organizations across financial services, healthcare, big tech, and more. It was also named in Fortune’s Cyber 60 and SC Media’s Best Supply Chain Security Solution for 2024.