Miggo Security a cybersecurity firm based in, Israel called has raised $7.5 million in seed money for its application detection and response (ADR) platform.
YL Ventures led the investment, and participants included former CISOs of Google, Zscaler, and Nike, as well as cybersecurity executives from Elastic and Everon.
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The money will be used by the business to grow both its operations and growth initiatives.
Miggo is a tech platform that precisely discovers and maps the architecture of distributed applications to build behavioral baselines and monitor for deviations from planned design or code execution processes. The platform is led by CEO and co-founder Daniel Shechter and CTO Itai Goldman.
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The solution uses real-time in-application context to identify whether a deviation means that the application is backdoored, exploitable, or actively being exploited. It then starts focused mitigations to contain breaches by identifying the offender and the affected areas and making specific remediation recommendations. Gives a framework for application detection and response that makes application breaches visible, understandable, and preventable.
About Miggo Security
Miggo is the first Application Detection and Response platform. Eighty percent of cyber incidents occur at the application layer; however, because present technologies are ignorant to the true behavior of applications, too many of these occurrences go unnoticed.
