Oligo Security, an Israeli startup building technology to detect and mitigate open source code vulnerabilities, has raised $28 million in early stage venture capital funding.
The $28 million financing, split over seed and Series A rounds, included investments from Lightspeed Venture Partners, Ballistic Ventures and TLV Partners.
Oligo Security emerged from stealth-mode on Wednesday with what is being described as a runtime application security and observability product that helps with the detection and prevention of open source code vulnerabilities in enterprise applications.
In a statement announcing the funding round, Oligo said its dynamic library-level analysis and behavior monitoring technology can identify vulnerabilities in running packages and prioritize fixes based on application context.
“We zeroed in on a protection method that inspects each library in runtime or staging, allowing us to precisely identify attacks in cases of deviations and to fix the vulnerabilities that matter,” said Nadav Czerninski, co-founder and chief executive at Oligo.
The company said its technology profiles the legitimate behavior of each library, creating a knowledge base of libraries’ profiles and can be used to alert or block whenever a library activity is not as expected.
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