Key Takeaways
- • Israeli runtime security startup Oligo Security closed a $60 million funding round, doubling its valuation since its January 2025 Series B and bringing total capital raised to $140 million since 2022 establishment.
- • The round was led by a consortium of five institutional investors—Ballistic Ventures, Greenfield Partners, Red Dot Capital, Lightspeed Venture Partners, and TLV Partners—alongside angel investors Yasmin Lukatz and Eyal Waldman.
- • Oligo achieved 300% year-over-year ARR growth, demonstrating strong commercial traction in runtime security solutions for applications, cloud environments, and AI systems that detect and block exploitable vulnerabilities in real time without disrupting production.
- • The company, founded by childhood friends and IDF cyber veterans Nadav Czerninski (CEO), Gal Elbaz (CTO), and Avshalom Hilu (CPO), currently employs approximately 100 personnel across Israel (70), New York, and San Francisco.
- • Capital will accelerate product innovation and international market expansion as AI-driven attacks intensify demand for runtime security capabilities that identify which vulnerabilities are actually exploitable through behavioral code analysis.
Summary
Oligo Security, an Israeli cybersecurity startup specializing in runtime security, announced completion of a $60 million financing round on August 5, 2026, effectively doubling its valuation since its Series B round in January 2025. The capital injection brings total funding to $140 million since the company's founding in 2022, positioning it as a significant player in the rapidly expanding runtime security market amid escalating AI-driven cyber threats.
The funding consortium comprised five institutional venture capital firms—Ballistic Ventures, Greenfield Partners, Red Dot Capital, Lightspeed Venture Partners, and TLV Partners—alongside angel investors Yasmin Lukatz and Eyal Waldman. This syndicate composition reflects institutional confidence in the company's market opportunity and execution trajectory, particularly given the participation of established venture firms like Lightspeed Venture Partners with significant exposure to cybersecurity infrastructure.
Oligo's financial performance underpinned the valuation increase, with the company reporting 300% year-over-year ARR growth—a metric institutional investors closely monitor for SaaS and security software businesses. The company's platform combines runtime monitoring with real-time protection across applications, cloud environments, and artificial intelligence systems, identifying exploitable vulnerabilities by observing code behavior in production and blocking attacks without operational disruption. This capability addresses a critical market gap as defenders face increasingly sophisticated AI-accelerated exploit development.
Founded by CEO Nadav Czerninski, CTO Gal Elbaz, and CPO Avshalom Hilu—all childhood friends and veterans of Israel's Military Intelligence cyber units (Units 81 and 8200) and the C4I Corps—Oligo maintains approximately 100 employees with 70 based at its Israeli development center and the remainder distributed across offices in New York and San Francisco. The management team's background in elite Israeli cyber operations signals deep technical expertise and domain credibility. The company plans to deploy fresh capital toward accelerating product innovation and penetrating international markets, suggesting geographic expansion beyond its current U.S. and Israeli presence remains a key strategic priority.
The funding consortium comprised five institutional venture capital firms—Ballistic Ventures, Greenfield Partners, Red Dot Capital, Lightspeed Venture Partners, and TLV Partners—alongside angel investors Yasmin Lukatz and Eyal Waldman. This syndicate composition reflects institutional confidence in the company's market opportunity and execution trajectory, particularly given the participation of established venture firms like Lightspeed Venture Partners with significant exposure to cybersecurity infrastructure.
Oligo's financial performance underpinned the valuation increase, with the company reporting 300% year-over-year ARR growth—a metric institutional investors closely monitor for SaaS and security software businesses. The company's platform combines runtime monitoring with real-time protection across applications, cloud environments, and artificial intelligence systems, identifying exploitable vulnerabilities by observing code behavior in production and blocking attacks without operational disruption. This capability addresses a critical market gap as defenders face increasingly sophisticated AI-accelerated exploit development.
Founded by CEO Nadav Czerninski, CTO Gal Elbaz, and CPO Avshalom Hilu—all childhood friends and veterans of Israel's Military Intelligence cyber units (Units 81 and 8200) and the C4I Corps—Oligo maintains approximately 100 employees with 70 based at its Israeli development center and the remainder distributed across offices in New York and San Francisco. The management team's background in elite Israeli cyber operations signals deep technical expertise and domain credibility. The company plans to deploy fresh capital toward accelerating product innovation and penetrating international markets, suggesting geographic expansion beyond its current U.S. and Israeli presence remains a key strategic priority.
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