Israeli Cybersecurity Firm OLIGO Security Raises $60 Million to Expand Runtime Protection

Israeli cybersecurity company OLIGO Security announced the completion of a $60 million funding round led by Ballistic Ventures, with participation from Greenfield Partners, Red Dot Capital, Lightspeed Venture Partners, TLV Partners, and angel investors including Yasmin Loukach and Il Waldman. This latest round brings OLIGO's total capital raised since its founding in 2022 to $140 million.

OLIGO Security specializes in runtime protection for applications, cloud environments, and AI systems, enabling organizations to detect and block cyberattacks in production environments without disrupting operations. The company was founded by childhood friends and former Israeli Defense Forces cyber unit officers Nadav Cherninsky (CEO), Gal Elbaz (CTO), and Avshalom Hilo (VP Product). It currently employs 100 people, with 70 based in its Israeli development center and others in New York and San Francisco.

The company’s technology monitors code execution in real time to identify exploitable vulnerabilities and malicious behavior, reducing noise from numerous security alerts and allowing organizations to focus on actual threats. OLIGO reported over 300% year-over-year growth in annual recurring revenue and more than doubled its valuation since its previous Series B round.

The new funding will accelerate product development, expand international market presence, and enhance capabilities to stop AI-driven attacks in real time. CEO Nadav Cherninsky emphasized the growing threat posed by AI-powered attackers and the critical role of runtime environments in detecting and stopping them. Ballistic Ventures partner Jake Syed highlighted OLIGO’s innovative approach to securing production environments without compromising business continuity as a key reason for increasing their investment.