Oligo Raises $60 Million to Expand Runtime Security Platform

Oligo Security raised $60 million in additional financing, bringing total capital since its 2022 founding to $140 million. The round included Ballistic Ventures, Canon Capital, Greenfield Partners, Lightspeed Venture Partners, Red Dot Capital and TLV Partners, alongside angel investor Eyal Waldman. The company said annual recurring revenue grew 300% over the past year and its valuation more than doubled since its Series B. Oligo, founded by Nadav Czerninski, Gal Elbaz and Avshalom Hilo, monitors code while applications run to identify exploitable vulnerabilities and block attacks without interrupting production; it employs about 100 people, around 70 in Israel.