Oligo lands $60M Series C to catch exploits at runtime

Oligo Security has raised $60 million in a Series C round, bringing its total funding to $140 million. Ballistic Ventures, Canon Capital, Greenfield Partners, Lightspeed Venture Partners, Red Dot Capital, TLV Partners, and angel investors participated.

Founded in 2022, the Tel Aviv-based startup has built a security platform covering application code, cloud workloads, and AI systems. It uses code execution observability to give organisations runtime visibility, block exploit attempts, prioritise risky vulnerabilities, and automate response.

Oligo argues the window between vulnerability disclosure and exploitation has shrunk sharply in the AI era. Its platform aims to catch exploits at the application layer and offer larger patching windows through virtual patching. The company will use the funds to accelerate product development and expand its global go-to-market operations.

"Runtime is where the business lives. It's where revenue is generated, customers interact with applications, and brand reputation is won or lost," said Ballistic Ventures partner Jake Seid. He added that Oligo's "technical innovation, customer momentum, and category leadership" made increasing the firm's investment "an easy one."

The round lands amid steady investor appetite for runtime and application security, echoing recent raises like Zenity's $125 million Series C and Obsidian Security's $85 million at a $1.1 billion valuation. As attackers move faster, the case for protection at production time is drawing repeat backers.