Miggo Security, a startup building technology for runtime application‑security, has bagged a $17 million Series A round led by Florida‑based SYN Ventures with follow‑on capital from existing backer YL Ventures.
The deal lifts total funding to roughly $24.5 million and gives the early stage Israeli startup capital to expand engineering and push its Application Detection and Response (ADR) platform into the lucrative enterprise market.
Miggo is pitching software that plugs directly into running services, builds a live map of data flows, and sets guardrails that block suspicious behavior before a code fix or WebApp firewall rule can be deployed.
The core engine, called DeepTracing, models how micro‑services, APIs and authentication paths should interact, then cuts off anything that falls outside those baselines. The company said its technology works alongside endpoint detection tools but with context from inside the application layer.
Miggo launched in 2023 with a $7.5 million seed round and ambitious plans to protect modern applications against a new class of threats in which AI-driven attackers weaponize vulnerabilities faster than security teams can even patch them.
“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,” said Daniel Shechter, co-founder and CEO of Miggo.
Miggo boasts that it is now securing applications across highly regulated industries like financial services, e-commerce, and SaaS.
Related: Miggo Security Gets $7.5 Million Seed Funding to Build ADR Tech
Related: Oligo Raises $50M to Tackle Application Detection and Response
