TLDR:
- Israeli cybersecurity startup, Miggo Security, raised $7.5M in Seed funding led by YL Ventures.
- The company plans to use the funds to expand operations and development efforts.
Miggo Security, based in Tel Aviv, Israel, provides an application detection and response (ADR) platform. The platform, led by CEO and co-founder Daniel Shechter and CTO and co-founder Itai Goldman, precisely discovers and maps the architecture of distributed applications to establish behavioral baselines and monitor for deviations from intended design or code execution flows. Leveraging live in-application context, the solution determines if a deviation indicates that the application is exploitable, under active exploitation, or backdoored, and initiates targeted mitigations to contain breaches by pinpointing the offender and recommending precise remediation strategies. The round was led by YL Ventures with the participation of CCL, cybersecurity leaders from Elastic and Everon, and former CISOs of Google, Zscaler, and Nike.
