Oligo Security, an Israeli startup that develops technology to detect and mitigate open source code vulnerabilities, has raised USD 28 million in early-stage venture capital funding.
Lightspeed Venture Partners, Ballistic Ventures, and TLV Partners all made investments in the USD 28 million financing, which was split between the seed and Series A rounds. Described as a runtime application security and observability product that aids in the detection and prevention of open source code vulnerabilities in enterprise applications, Oligo Security came out of stealth mode.
The company said its dynamic library-level analysis and behavior monitoring technology can find vulnerabilities in running packages and prioritize fixes based on application context in a statement announcing the funding round.
Read More: Oligo Security Exits Stealth with $28M for AppSec, Open Source Security
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