Oligo Security, a Tel Aviv, Israel-based company that provides an application detection and response platform, has raised $50 million in Series B funding.
Investors
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. This brings its total funding to $80 million.
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, Greenfield independently manages over $1 billion across its portfolio today.
Oligo Security Use of Funds
The funds will support Oligo's global expansion to meet the rising demand for its platform.
About Oligo Security
Founded by Nadav Czerninski, Gal Elbaz, and Avshalom Hilu, Oligo Security provides an application detection and response platform to protect applications against attackers. Its platform offers deep, real-time visibility into application behavior to detect vulnerabilities and stop attacks, particularly in cloud-native environments.
Funding Details
Company: Oligo Cyber Security Ltd.
Raised: $50.0M
Round: Series B
Funding Date: January 2025
Lead Investor: Greenfield Partners
Additional Investors: Red Dot Capital Partners, Strait Capital, Ballistic Ventures, Lightspeed Venture Partners, TLV Partners
Company Website: https://www.oligo.security/
Software Category: Application Security
Source: Ronny Hassid