Miggo Raises $17M Series A to Revolutionize Application Security
Deal News | Apr 23, 2025 | YL Ventures GP Ltd
Miggo Security, a leading force in application security, has successfully raised $17 million in a Series A funding round spearheaded by SYN Ventures, with significant contribution from longstanding investor YL Ventures. Miggo's mission centers around its innovative Application Detection & Response (ADR) platform aimed at real-time threat protection. Unlike traditional security tools, Miggo's platform provides an advanced method for identifying, tracking, and neutralizing cyber threats without depending on patch cycles. This approach is enhanced by their proprietary DeepTracing technology, which simulates potential attack scenarios and deploys instant defenses to protect applications at runtime. Noteworthy endorsements from industry entities, including AWS, HashiCorp, and GCHQ, underscore the platform's efficacy, evidenced by its role in uncovering the ALBeast vulnerability associated with AWS’s ALB service. Miggo is also addressing security demands in sectors that require stringent protection, such as financial services, e-commerce, and healthcare. With financial backing from SYN Ventures and YL Ventures, Miggo intends to establish itself as a cornerstone security solution for enterprises globally.
Sectors
- Cybersecurity
- Technology
- Venture Capital
Geography
- United States – The article mentions New York as a location associated with the funding announcement and Miggo's operations.
- Israel – The article references Tel Aviv, highlighting Miggo's connection and operations within Israel's vibrant tech scene.
Industry
- Cybersecurity – The article centers around Miggo Security's efforts in the cybersecurity sector, specifically focusing on advanced application security solutions and real-time threat protection.
- Technology – Miggo's innovative ADR platform and its application in protecting critical digital assets illustrates its core role in the technology industry.
- Venture Capital – The article involves YL Ventures and SYN Ventures providing significant investment, indicating active engagement in the venture capital space.
Financials
- $17 million – The amount raised by Miggo Security in its Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Miggo Security | Target company | Company | Miggo Security focuses on Application Detection & Response (ADR) to provide real-time protection against cyber threats. |
| YL Ventures GP Ltd. | Investor | Company | YL Ventures is a venture capital firm investing in promising tech startups, involved in Miggo's Series A funding. |
| SYN Ventures | Lead Investor | Company | A venture capital firm leading the Series A funding round for Miggo Security. |
| Daniel Shechter | Co-founder and CEO | Person | Co-founder and Chief Executive Officer of Miggo Security, articulating the mission and strategy. |
| Glenn Chisholm | Operating Partner | Person | Operating Partner at SYN Ventures, supporting Miggo's strategy and funding. |
| Justin Somaini | Partner | Person | Partner at YL Ventures, emphasizing the transformative impact of Miggo's platform. |
| Mike Melo | CISO | Person | Chief Information Security Officer of LifeLabs, a Miggo customer. |
| AWS | Industry Leader | Company | Amazon Web Services, part of industry leaders acknowledging Miggo's capabilities. |
| HashiCorp | Industry Leader | Company | Recognizes Miggo's impact in detecting complex security threats. |
| GCHQ | Industry Leader | Government | The UK Government Communications Headquarters acknowledging Miggo's detection capabilities. |
| LifeLabs | Customer | Company | Leading Canadian healthcare company, customer of Miggo's ADR solution. |