Miggo Security, a company based in NYC and Tel Aviv, Israel, specializing in Application Detection & Response (ADR) threat protection, has recently secured $17 million in Series A funding. This funding will help the company expand its reach and further develop its innovative platform.
In an interview with CEO Daniel Shechter, he shared insights into his background and the company’s mission. Daniel has a rich background in cybersecurity, strategy, and intelligence, having served in Israel’s elite 8200 cyber unit and worked as a strategy consultant at McKinsey & Company. With a Master’s Degree in Middle Eastern Studies and a Bachelor’s Degree in economics and Middle East History, Daniel brings a wealth of knowledge and experience to the table as the co-founder of Miggo Security.
Miggo Security aims to address the challenge of securing modern applications, which have become increasingly complex and vulnerable to cyber threats. By leveraging AI-powered technology, the company provides real-time application tracing, automated security analysis, and mitigation solutions. This unique approach sets Miggo apart from its competitors, allowing for faster threat detection and response.
The recent funding round, led by SYN Ventures and YL Ventures, is a testament to the growing demand for advanced application security solutions. Miggo plans to use the funds to expand its presence in North America, enhance its R&D capabilities, and strengthen partnerships with cloud and runtime ecosystems.
Despite being a relatively young company, Miggo has already achieved significant milestones, including onboarding major clients in finance, healthcare, and SaaS industries. The company has also been recognized for its role in detecting critical zero-day vulnerabilities and participating in industry acceleration programs.
Looking ahead, Miggo Security is focused on further developing its ADR platform and expanding support for different application architectures. The company aims to make ADR a standard security layer for all applications, emphasizing the need to “Secure Every Application, Everywhere.”
With a strong vision and a commitment to innovation, Miggo Security is poised to make a significant impact in the cybersecurity landscape. Stay tuned for more updates from this dynamic company as they continue to redefine application security for the digital age.
