Israeli cybersecurity startup Miggo Security today announced that it has raised $17 million in new funding to scale up its platform and expand its global reach.

Founded in 2022, Miggo offers an application detection and response platform designed to address critical gaps in application security by enabling security teams to detect and respond to targeted application attacks in real time. The platform analyzes interactions and data flows within applications to detect and mitigate attacks before they can escalate into breaches.

Miggo is on a mission to protect modern applications against a new class of threats in which artificial intelligence-driven attackers weaponize vulnerabilities faster than security teams can patch them. The company says its ADR platform is a plug-and-play, always-on defense system that proactively observes application behavior and blocks threats, without waiting for patch cycles or development intervention.

“Our mission is to empower security teams with real-time, actionable protection, giving them the freedom to fix vulnerabilities on their terms without risking exposure,” explains Daniel Shechter, co-founder and chief executive officer of Miggo. “We’re not here to detect and alert. We’re here to block the attack while you fix the issue. We’re closing the widening gap between how fast organizations ship code and how fast attackers exploit it.”

Core to Miggo’s offering is its DeepTracing technology, a feature that maps application behavior and logic in real time. The technology simulates potential attack paths and deploys targeted defenses to ensure protection without slowing down development or requiring code changes.

The DeepTracing technology differs from traditional tools, such as endpoint detection and response, web application firewall, and cloud-native application protection platforms, which focus on networks or endpoints. Unlike these tools, Miggo provides in-application context and runtime immunity, offering a new layer of resilience.

SYN Ventures led the Series A funding round, with previous investor YL Ventures LP also participating. The funding will also be used to propel Miggo toward becoming an essential security cornerstone for enterprises globally as they face an increasingly sophisticated threat landscape.

“Miggo’s response-driven solution stops exploitation instantly, allowing organizations to be more resilient than ever,” said Glenn Chisholm, operating partner at SYN Ventures. “Miggo is the solution the market needs to protect against today’s threat landscape.”

Photo: Miggo Security