Highlights:

  • Oligo offers a platform that enables enterprises to monitor their applications for cybersecurity threats.
  • Oligo’s platform utilizes an eBPF-based sensor to gather cybersecurity data from applications.

Recently, the cybersecurity startup Oligo Security Ltd. has secured USD 50 million funding round, spearheaded by Greenfield Partners.

Red Dot Capital Partners, Strait Capital, and several returning investors also contributed. This Series B funding round raises Oligo’s total external investment to USD 80 million.

Tel Aviv-based Oligo offers a platform that enables enterprises to monitor their applications for cybersecurity threats. The company states that its software identifies vulnerabilities by analyzing an application’s code components and scanning them for anomalies. This process is powered by a technology known as eBPF.

An application’s operating system is crucial to nearly every action it performs, giving it deep visibility into the program’s activity. This extensive insight helps detect hacking attempts and identify vulnerable code.

Linux, the primary operating system for most enterprise applications, can be leveraged as a cybersecurity monitoring tool through a built-in feature called eBPF. This feature allows custom code to be added to the kernel to detect malicious activity. The kernel, which houses Linux’s core components, manages critical functions, including hardware interactions.

Oligo’s platform employs an eBPF-based sensor to gather cybersecurity data from applications. The company claims that the sensor can be deployed within minutes and uses less than 1% of a workload’s allocated processing power. In large application environments, thousands of these sensors can operate simultaneously.

Oligo identifies when an application triggers a feature containing vulnerable code. Its platform can detect vulnerabilities even within libraries—third-party software modules rather than those developed in-house. For instance, Oligo can recognize if a library processes a file type it wasn’t designed for, a common indicator of malicious activity.

The third-party modules that an application relies on for its functionality may, at times, also depend on external components. Oligo states that its eBPF sensors can identify and block cybersecurity threats affecting these dependencies.

According to the company, its platform not only identifies malicious code but also detects attempts by hackers to exploit it. The software monitors applications for unusual activity patterns to identify potential cyberattacks.

Since its launch two years ago, Oligo’s platform has been adopted by several Fortune 500 companies. To expand its customer base, the company plans to use the newly announced funding to support go-to-market initiatives.