Oligo Security Funding, Investors & Competitors

Oligo Security has raised $138M across 4 funding rounds, most recently a $60M Series C in August 2026.

Last Oligo Security funding round

$60M

Series C · Aug 2026

Cumulative funding Oligo Security raised

$138M

across 4 funding rounds

Key investors in Oligo Security

  • TLV Partners
  • Ballistic Ventures
  • Lightspeed Venture Partners
  • Red Dot Capital Partners
  • Greenfield Partners
  • Eyal Waldman
  • Strait Capital
  • Canon Capital

Oligo Security Overview

About Oligo Security

Oligo Security delivers runtime protection for open-source software in cloud and container environments. The Tel Aviv-headquartered startup scans binaries for vulnerabilities, blocking exploits without performance overhead. Oligo prioritizes relevant threats using eBPF technology, serving DevOps teams at enterprises adopting Kubernetes and serverless architectures.


Founded

2022

HQ

IsraelTel Aviv

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Oligo Security Funding History

Oligo Security has raised a total of $138M across 4 funding rounds.

Oligo Security's first fundraising round was a $8M seed round in June 2022. The most recent completed round was a $60M Series C in August 2026.

Oligo Security funding rounds

Oligo Security funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2026Series CCanon Capital; Lightspeed Venture Partners; Eyal Waldman; Ballistic Ventures; Greenfield Partners; TLV Partners; Red Dot Capital Partners$60MOLIGO Security raised USD 60 million in August 2026 in a financing round that brought its total funding to USD 140 million. Ballistic Ventures participated alongside Canon Capital, Greenfield Partners, Lightspeed Venture Partners, Red Dot Capital Partners, TLV Partners, and angel investors; the company said the new capital will be used to accelerate product innovation and expand global go-to-market operations. The round follows OLIGO’s January 2025 USD 50 million Series B, which was led by Greenfield Partners with participation from Ballistic Ventures, Red Dot Capital Partners, Strait Capital, Lightspeed Venture Partners, and TLV Partners, and earlier seed and Series A financing that brought total funding to USD 28 million at exit from stealth. OLIGO positions its platform around runtime security and application detection and response, focused on finding exploitable application vulnerabilities in real time and stopping cloud-native attacks. OLIGO is a Tel Aviv-based cybersecurity company founded by Nadav Czerninski, Gal Elbaz, and Avshalom Hilu. Its early funding was raised within nine months and included Ballistic Ventures, Lightspeed Venture Partners, TLV Partners, Shlomo Kramer, and angel investors including Eyal Waldman, Adi Sharabani, and Eyal Manor.
Jan 2025Series BGreenfield Partners (lead); Lightspeed Venture Partners; Ballistic Ventures; TLV Partners; Strait Capital; Red Dot Capital Partners$50MOligo Security is a Tel Aviv-based cybersecurity startup specializing in Application Detection and Response (ADR), offering a platform that provides real-time visibility into application behavior to detect exploitable vulnerabilities, stop cloud-native attacks, and prioritize real risks using eBPF-based sensors with minimal CPU usage (under 1%). The company, co-founded by Nadav Czerninski (CEO), Gal Elbaz (CTO), and Avshalom Hilu (CPO)—all alumni of IDF cyber units—emerged from stealth in early 2023 and has gained traction with Fortune 500 customers across financial services, healthcare, big tech, and government organizations, employing over 50 people in Israel and New York. On January 29, 2025, Oligo Security announced a $50 million Series B funding round led by Greenfield Partners, with participation from Red Dot Capital Partners, Strait Capital, and existing investors Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners, bringing total funding to $80 million in under two years. The investment will fuel global go-to-market expansion to address rising demand for its platform, which detects zero-day and shadow vulnerabilities, transitive dependencies, and unusual activity patterns in modern cloud-native applications. Greenfield Partners, which spun out of TPG Growth in 2020 and manages over $1 billion, highlighted Oligo's potential to disrupt vulnerability management, workload protection, threat detection, and response by eliminating guesswork in prioritization. The platform enables rapid deployment, scales to thousands of nodes, and focuses security teams on tangible risks while blocking exploits in real-time.
Feb 2023Series ABallistic Ventures (lead)$20MOligo Security, an Israeli cybersecurity startup founded by former IDF cyber unit officers Nadav Czerninski (CEO), Gal Elbaz (CTO, ex-Check Point), and Avshalom Hilu (CPO), exited stealth on February 15, 2023, with a runtime application security and observability platform. The solution uses dynamic library-level analysis, behavior monitoring, and a proprietary eBPF-based engine to detect and prevent open-source code vulnerabilities in production and staging environments without performance impact, prioritizing fixes based on application context and alerting only on permission policy deviations. The company raised $28 million total across seed and Series A rounds in nine months, with investors including Lightspeed Venture Partners, Ballistic Ventures (led by Jake Seid), TLV Partners, and angels like Eyal Waldman (Mellanox founder), Adi Sharabani (Snyk CTO), and Eyal Manor (ex-Google Cloud, now Twilio). One source references a $20M Series A specifically, but the announcement highlights the combined $28M. Ballistic Ventures praised Oligo's 'zero authority' runtime AppSec approach as a complement to build-time tools like Snyk, emphasizing its fit for production environments amid rising open-source risks. Oligo differentiates by focusing on runtime monitoring rather than build-time scanning, identifying relevant vulnerabilities in used libraries (e.g., detecting anomalous network access in NumPy). The company had industry-leading early customers and participated in Intel Ignite accelerator in 2022.
Jun 2022SeedTLV Partners (lead)$8MOligo Security is a Tel Aviv-based cybersecurity company founded in 2022 by Nadav Czerninski, Gal Elbaz, and Avshalom Hilu, providing an application detection and response platform that offers runtime security for open source libraries and cloud-native applications using eBPF technology for vulnerability detection and attack prevention. The platform delivers deep visibility into application behavior, prioritizes risks based on context, and reduces false positives by profiling legitimate library activities. TLV Partners led Oligo’s seed round and participated in its Series A, contributing to a combined $28 million in seed and Series A funding announced in February 2023, with additional investors including Lightspeed Venture Partners, Ballistic Ventures, and prominent angels. This brought early traction with industry-leading customers just nine months from inception and participation in Intel’s Ignite accelerator in 2022. Subsequent funding included a $50 million Series B in January 2025 led by Greenfield Partners, bringing total funding to $80 million.

Who has invested in Oligo Security?

8 investors have backed Oligo Security across its funding rounds, including TLV Partners, Ballistic Ventures, Lightspeed Venture Partners, Red Dot Capital Partners, Greenfield Partners and Eyal Waldman.

Lead investors include Greenfield Partners, Ballistic Ventures and TLV Partners.


Oligo Security Investors

Investors in Oligo Security by funding rounds participated
InvestorHQRoundsRoleFirst check
Ballistic VenturesUnited StatesSan Francisco, CA3LeadFeb 2023
TLV PartnersIsraelTel Aviv3LeadJun 2022
Lightspeed Venture PartnersUnited StatesSan Francisco, CA2ParticipantJan 2025
Greenfield PartnersIsraelTel Aviv2LeadJan 2025
Red Dot Capital PartnersIsraelSavyon2ParticipantJan 2025
Canon CapitalUnited StatesLos Angeles, CA1ParticipantAug 2026

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Oligo Security Competitors

Oligo Security competitors include listed companies like Cloudflare, Progress Software and Palo Alto Networks, and private ones like Snyk, Anthropic and OpenAI.

Public and private companies comparable to Oligo Security
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CloudflareUnited StatesUnited StatesPublicly listed$2.2B($25M)$119B44.3x
SnykUnited StatesBoston, MAPrivate$180M-$7.4B41.1x
Progress SoftwareUnited StatesUnited StatesPublicly listed$978M$302M$1.7B2.9x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
Palo Alto NetworksUnited StatesUnited StatesPublicly listed$11B$1B$307B25.9x

Oligo Security Public Comps

Oligo Security is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Datadog, Atlassian, Okta, Zscaler and MongoDB.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Atlassian$6.6B$142M7.4x7.2x342.1x23.7x
Okta$2.9B$245M10.6x10.0x126.4x36.4x

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Common questions about Oligo Security

When was Oligo Security founded?Oligo Security was founded in 2022.
Where is Oligo Security headquartered?Oligo Security is headquartered in Tel Aviv, Israel.
Is Oligo Security publicly listed?No, Oligo Security is a private, VC-backed company.
How much funding has Oligo Security raised?Oligo Security has raised $138M across 4 funding rounds.
What was Oligo Security's last funding round?Oligo Security's last funding round was a $60M Series C in August 2026.
Who are Oligo Security's investors?Oligo Security's investors include Ballistic Ventures, TLV Partners, Lightspeed Venture Partners, Greenfield Partners, Red Dot Capital Partners, Canon Capital, Eyal Waldman and Strait Capital.
Which companies are comparable to Oligo Security?Companies comparable to Oligo Security include Cloudflare, Snyk, Progress Software, Anthropic, OpenAI and Palo Alto Networks.

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