Israeli cyber startup Oligo Security doubles valuation with $60 Million round
Following its exposure of major AI infrastructure and web browser vulnerabilities, the company plans to accelerate product innovation and expand internationally.
Israeli cyber security firm Oligo Security has more than doubled its valuation with a $60 million financing round led by prominent venture capital firms and investors. The company, founded in 2022 by CEO Nadav Czerninski, CTO Gal Elbaz, and CPO Avshalom Hilu, who are former IDF cyber unit members, now has an annual recurring revenue (ARR) that has surged over 300% year-over-year, leading to a valuation increase since its Series B round.
The additional capital will be used to further innovate its runtime security solutions and expand internationally. Oligo's platform detects exploitable vulnerabilities in real time, blocks attacks without harming production environments, and safeguards applications, cloud environments, and artificial intelligence systems. The startup recently uncovered a vulnerability targeting AI infrastructure and another affecting major web browsers, prompting widespread updates from industry leaders.
Oligo's co-founder and CEO emphasized the growing threat posed by AI-driven attacks, highlighting the company's mission to provide real-time protection in production environments to ensure business continuity.
Written by urgent.news from Jerusalem Post Tech & Start-Ups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
