UPDATED 09:00 EDT / APRIL 17 2024

SECURITY

Israeli startup Miggo Security raises $7.5M for application detection and response platform

Israeli cybersecurity startup Miggo Security today announced it raised $7.5 million in seed funding to enhance its application detection response platform.

Founded in 2022, Miggo offers an ADR platform that has been designed to address a critical gap 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’s platform seeks to address the issue wherein applications are the primary target of nearly 80% of data attacks. Thrown into the mix is a recent shift to distributed application architecture which requires multiple chains of trust between different services, further broadening the threat landscape.

With this shift, attackers can manipulate flows between services without triggering existing security services such as endpoint detection and response, web application firewall and cloud-native application protection platforms. Miggo argues that the only way to identify such malicious activity is with direct views into applications while they are running.

“We need to proactively tackle this massive and largely unseen attack surface,” said co-founder and Chief Executive Daniel Shechter. “Not only do we need precise detection and response for unexpected behaviors directly in live application environments, but also insight and understanding into the inner workings of today’s distributed applications as they run.”

Miggo’s technology discovers and maps the architecture of distributed applications to establish behavioral baselines and monitor for deviations from intended design or code execution flows. Using live in-application context, the platform determines if a deviation indicates that the application is exploitable, under active exploitation, or backdoored. Then it initiates targeted mitigations to contain breaches by pinpointing the offender and affected areas to recommend precise remediation strategies.

YL Ventures Ltd. led the seed round, with participation by Cyber Club London and a number of individual investors, including current and former employees of Elastic N.V., Everon LLC, Google LLC, Zscaler Inc. and the odd one out, Nike Inc.

“Applications in production constitute one of the few true blind spots of today’s security programs,” said Justin Somaini, a partner at YL Ventures.”This is a space that still needs a lot of innovation to address what traditional tools can’t.”

Photo: Miggo

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