Oligo Security Secures $50M to Zap Bugs and Boost App Security with a Smile
Oligo Security, an application detection and response startup, raised $50 million in Series B funding, boosting its total to $80 million. The Tel Aviv-based firm uses eBPF technology for deep application inspection, reducing false positives and preventing breaches. The funds will expand global efforts to meet rising platform demand.
Hot Take:
Oligo Security is on a mission to rid the world of false positives and security gaps, one runtime environment at a time. With $50 million more in their piggy bank, they’re ready to take on the application vulnerabilities that keep hackers up at night. Move over, traditional security measures, there’s a new sheriff in town, and it’s wearing an eBPF badge!
Key Points:
- Oligo Security raised $50 million in a Series B funding round, totaling $80 million raised so far.
- The funding round was led by Greenfield Partners, with participation from several notable venture firms.
- Oligo uses eBPF technology for deep application inspection at runtime, aiming to reduce false positives and prevent breaches.
- The startup, founded in 2022 and based in Tel Aviv, emerged from stealth mode in 2023.
- Oligo plans to use the new funds to expand its global market reach.
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