Round led by cybersecurity visionaries SYN Ventures and YL Ventures to accelerate Miggo’s mission to secure applications in the age of AI attackers
Miggo Security, a pioneer in ‘runtime and real-time’ Application Detection & Response (ADR) threat protection, today announced a $17M Series A funding round led by SYN Ventures and YL Ventures.
Modern software development has become a high-speed, low-control ecosystem. Developers deploy new code daily, relying on open source, AI-generated snippets and fragmented microservices. As a result, security teams lack visibility, unable to fully understand what’s running in production, let alone secure it. Meanwhile, industry reports reveal that attackers have industrialized exploitation. Time to Exploit new vulnerabilities has dropped dramatically—over 90%—from an average of 63 hours just a few years ago to 22 minutes today. Traditional tools have overlooked the application layer and have primarily focused their efforts on scanning, alerting on new vulnerabilities but are unable to give teams insights on which findings actually need to be prioritized and what steps are required to respond to them. Proactive application security starts at runtime and must include function-level reachability context.
Miggo is on a mission to protect modern applications against a new class of threats — in which AI-driven attackers weaponize vulnerabilities faster than security teams can even patch them. “Our mission is to empower security teams with real-time protection, giving them the freedom to fix vulnerabilities on their terms without risking exposure. We’re not here to detect and alert. We’re here to block the attack while you fix the issue,” said Daniel Shechter, co-founder and CEO of Miggo. “What used to be reserved for nation-states is now scriptable, scalable and sold on Telegram. We’re closing the widening gap between how fast organizations ship code — and how fast attackers exploit it.”
Miggo’s ADR platform is the first of its kind: a plug-and-play, always-on defense system that proactively observes application behavior and blocks threats in real-time, without waiting for patch cycles or dev intervention.
“If you can’t own every line of code and you can’t slow down dev, you need a way to defend what’s already live,” explained Itai Goldman, co-founder and CTO. “That’s what we built Miggo for.” The Miggo platform continuously baselines and monitors application behavior, analyzes risk across services and data flows, and proactively deploys runtime guardrails that prevent exploitation, even before fixes go live.
“For years, practitioners have been struggling with overwhelming amounts of vulnerabilities and alerts, failing to remediate issues before attackers exploit them. AI is accelerating this challenge and calls for a new approach. From the outset, Miggo’s response-driven solution stops exploitation instantly to allow organizations to be more resilient than ever. Miggo is this solution teams need and what the market requires,” said Glenn Chisholm, SYN Ventures. “Their ability to create automated, noninvasive response capabilities is coming at the right time to handle growing threats of the application layer.”
At the heart of Miggo’s platform is its proprietary DeepTracing technology, which maps application behavior and logic in real-time. By simulating potential attack paths and deploying smart defenses, Miggo ensures protection without slowing down development or requiring code changes. Unlike traditional tools like EDR, WAF, or CNAPP, which focus on networks or endpoints, Miggo provides in-application context and runtime immunity, offering a new layer of resilience.
“Miggo represents a paradigm shift in application security at a time when organizations desperately need it,” said Justin Somaini, Partner at YL Ventures. “Their innovative runtime monitoring approach doesn’t just identify attacks and vulnerabilities – it fundamentally transforms how businesses understand and protect their most critical digital assets. This new funding will propel Miggo toward becoming an essential security cornerstone for enterprises globally as they face an increasingly sophisticated threat landscape.”
The platform has demonstrated its effectiveness against complex security threats, with industry leaders acknowledging its detection capabilities following the identification of the “ALBeast” vulnerability within AWS’s widely used ALB service – affecting over 15,000 servers, among them those belonging to Fortune 500 companies and governmental agencies. This contribution received wide recognition from the security community including from AWS, Hashicorp, and the GCHQ.
Miggo is now securing mission-critical applications across highly regulated industries like financial services, e-commerce, and SaaS. “ADR allows us to be in the game of business resilience and gives us the means to stop attacks before they turn into breaches,” said Mike Melo, CISO of Life Labs, a leading Canadian company in the healthcare space and Miggo customer.
Miggo Security’s Application Detection & Response (ADR) platform protects applications at runtime, proactively defending against real-world threats, without relying on patching or slowing down developers. Powered by DeepTracing, Miggo continuously observes application behavior, detects high-risk paths and enforces runtime protection that neutralizes threats before they’re exploited. Founded by cybersecurity veterans and backed by SYN Ventures, YL Ventures, Runtime Ventures, and CCL (Cyber Club London), Miggo is defining the future of software defense — fast, resilient, and real-time.
Credit: Omer Hacohen
