Oligo Security, an Israeli startup that develops runtime security tools for applications, cloud workloads, and AI systems, has raised an additional US$60 million, bringing its total funding to US$140 million.

The round included Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners, along with angel investor Eyal Waldman, co-founder of Mellanox Technologies.

Founded in 2022, Oligo focuses on protecting software while it is running, rather than relying only on vulnerability scanning before deployment.

The company said its annual recurring revenue rose 300% year over year.

Oligo also said Amazon Web Services (AWS) selected it as the exclusive AI runtime security partner for AWS Security Hub Extended.

The company added that it joined Palantir’s FedStart Program as demand grows for runtime security tools.

🔗 Source: Calcalist