OLIGO Security Raises $60 Million, Doubling Valuation in One Year

OLIGO Security, an Israeli cybersecurity firm specializing in runtime protection for applications, cloud, and AI systems, has secured $60 million in an expanded Series B funding round led by Ballistic Ventures. Other participants included Greenfield Partners, Red Dot Capital, Lightspeed Venture Partners, TLV Partners, and prominent angel investors such as Yasmin Luck and Eyal Waldman. This latest investment brings OLIGO's total capital raised since its 2022 founding to $140 million, with the company's valuation more than doubling since its previous Series B round earlier in 2025.

Founded by childhood friends and former Israeli military cyber officers Nadav Cherninski (CEO), Gal Elbaz (CTO), and Avshalom Hilo (CPO), OLIGO employs 100 people, with 70 based in its Israeli development center and the remainder in New York and San Francisco. The company has built a platform that monitors code behavior in real time to detect and block cyberattacks during execution, addressing the growing need for runtime security over traditional static scanning methods.

Cherninski emphasized the momentum behind the company and the strategic decision to raise funds despite having sufficient capital from the previous round. OLIGO has strong partnerships with AWS and Palantir in the federal market and works with numerous government and highly regulated organizations worldwide. Over the past year, OLIGO has grown its annual recurring revenue by over 300% and rapidly expanded its market presence as organizations increasingly adopt runtime security to combat modern cyber threats.

The new funding will accelerate product innovation, global market expansion, and OLIGO's mission to help organizations stop AI-driven attacks in real time.