Miggo Secures $7.5 Million in Seed Funding for First Application Detection and Response Platform
TEL AVIV, Israel — Miggo, a cutting-edge cybersecurity startup, has secured $7.5 million in seed funding to launch the first-ever Application Detection and Response (ADR) platform. The funding round was led by YL Ventures, a global cybersecurity VC firm, with participation from CCL (Cyber Club London) and cybersecurity experts from Elastic, Everon, and former CISOs of Google, Zscaler, and Nike.
The rise in high-profile application attacks in 2023 underscores the critical need for innovative solutions like Miggo’s ADR platform. Traditional security tools have proven ineffective in detecting and responding to targeted attacks on applications in real-time. Miggo aims to fill this crucial gap in application security by providing security teams with the tools to identify and neutralize threats before they escalate into breaches.
Applications have become the primary target of nearly 80% of data attacks, according to Verizon’s 2023 Data Breach Investigations Report. With the shift towards distributed application architecture, the threat landscape has expanded, leaving traditional security tools unable to detect malicious activity between services. Miggo’s platform offers a unique solution by analyzing interactions and data flows within applications to detect and mitigate attacks proactively.
Under the leadership of CEO Daniel Shechter and CTO Itai Goldman, Miggo’s technology maps the architecture of distributed applications to establish behavioral baselines and monitor deviations from intended design or code execution flows. This innovative approach enables security teams to pinpoint offenders and affected areas, recommending precise remediation strategies to contain breaches effectively.
Miggo’s ADR platform is a game-changer in the cybersecurity landscape, providing transparency, visibility, and control over application security. By leveraging in-application context to detect and respond to threats in real-time, Miggo empowers businesses to safeguard their applications against the next generation of cyber threats. Visit miggo.io to learn more about how Miggo can protect your applications from cyber attacks.
