Oligo raises $28M to secure open-source libraries at runtime

Oligo Security, a Tel Aviv-based startup that focuses on runtime application security and observability to detect and prevent open-source vulnerabilities, is coming out of stealth today and announcing that it has raised a total of $28 million in seed and Series A funding.

The company’s investors include Lightspeed Venture Partners, Ballistic Ventures and TLV Partners, as well as angel investors like Mallanox CEO and Founder Eyal Waldman, Cnyk CTO Adi Sharabani and former Google Cloud VP Eyal Manor. Cyber Club London (CCL), Kmehin Ventures and OperAngels also participated. The company also participated in Intel’s Ignite accelerator in 2022.

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