Oligo Security Raises $50M Series B to Redefine Security for Modern Applications

Oligo Security Raises $50M Series B to Redefine Security for Modern Applications

Oligo’s deep application insight into runtime environments eliminates false positives and stops application-based attacks in real-time

January 29, 2025 09:00 AM Eastern Standard Time

TEL AVIV, Israel–(BUSINESS WIRE)–Oligo Security, the leader in Application Detection and Response (ADR), today announced $50 million in Series B funding led by Greenfield Partners, with participation from Red Dot Capital Partners, Strait Capital, and existing investors Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners. The funds will be used to fuel global go-to-market efforts to meet the increasing demand for the Oligo platform, which 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.

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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. More than 100 new vulnerabilities are reported each day1, contributing to insurmountable patch backlogs. Attackers are taking advantage of this, as vulnerability exploits nearly tripled last year2, and the average time-to-exploit (TTE) a vulnerability is now five days, down from 32 days just a few years ago3. AI-assisted code generation is supercharging this issue, producing a variety of vulnerabilities4. To combat this, security organizations must transform the way they identify real application risk and stop application-based attacks.

“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.”

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 components to detect anomalies and stop malicious behavior in modern applications before it leads to breaches.

As a result, security and development teams can focus exclusively on the vulnerabilities that pose real risk, and achieve the assurance that they are protected against unpatched or unknown attack vectors. The platform delivers rapid time-to-value through easy deployment, uses less than 1% of CPU resources, and can scale to thousands of nodes.

“Oligo is positioned to disrupt multiple areas of application security, from vulnerability management and workload protection to threat detection and response,” said Avery Schwartz, General Partner, Greenfield Partners. “For years, security and development teams had been fighting an uphill battle in figuring out which vulnerabilities to prioritize in their environments. With Oligo, the guesswork is completely removed, and organizations can finally focus on the ones that are tied to tangible risk, while protecting themselves against those that do not have a CVE, like zero-day and shadow vulnerabilities. The team, technology and opportunity are all equally as impressive, which is why we could not be more excited to join the Oligo journey during this next stage of growth.”

Co-founded by Nadav Czerninski, CEO, Gal Elbaz, CTO, and Avshalom Hilu, CPO, Oligo has experienced unprecedented 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. In addition, it has been honored with prestigious industry awards for how it is disrupting application security, including being named to Fortune’s Cyber 60 and SC Media’s Best Supply Chain Security Solution for 2024.

Learn more:

Sources:

  1. https://jerrygamblin.com/2025/01/05/2024-cve-data-review/
  2. https://www.verizon.com/business/resources/reports/dbir/
  3. https://cloud.google.com/blog/topics/threat-intelligence/time-to-exploit-trends-2023
  4. https://cset.georgetown.edu/wp-content/uploads/CSET-Cybersecurity-Risks-of-AI-Generated-Code.pdf

About Oligo Security

Oligo protects applications against attackers with the industry’s leading Application Detection and Response (ADR) platform. With deep application inspection through real-time monitoring and context-aware analysis, Oligo enables customers to instantly see all of the vulnerabilities in their environments, identify those that matter most, and stop application-based attacks in their tracks. https://www.oligo.security/

About Greenfield Partners

Greenfield invests in disruptive technology and tech-enabled businesses globally at the Early Growth stage and then applies its Greenfield Growth Momentum (G2M) playbooks to implement best-in-class go-to-market practices that accelerate the path to global scale. Having spun out of TPG Growth in 2020, today Greenfield independently manages over $1 billion across its portfolio. https://www.greenfield-growth.com/

Contacts

Justin McCann
R1 Communications for Oligo Security
justin@r1communications.com

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