Oligo Security, a cybersecurity firm that focuses on securing cloud applications, has raised US$50 million in a series B funding round.

This investment brings the company’s total funding to US$80 million over the past two years.

The funding round was led by Greenfield Partners, with additional investments from Red Dot Capital Partners, Strait Capital, and existing investors Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners.

Oligo’s platform helps organizations detect security risks, monitor application behavior, identify anomalies, and prevent potential breaches.

Oligo Security employs more than 50 people and has a development center in Israel, with additional offices in New York.