April 19, 2024 at 04:06PM
Miggo, a cybersecurity startup, secured $7.5 million in seed funding for its Application Detection and Response (ADR) platform. It addresses critical blind spots in application security and aims to detect and respond to targeted attacks in real-time, particularly in the era of distributed application architecture. YL Ventures led the funding round, with participation from CCL and cybersecurity leaders. Visit miggo.io to learn more.
After reviewing the meeting notes, it is clear that Miggo, a cybersecurity startup, has recently announced $7.5 million in seed funding for their Application Detection and Response (ADR) platform. This funding was led by YL Ventures, a global cybersecurity VC firm, and involved the participation of Cyber Club London (CCL), as well as cybersecurity leaders from Elastic and Everon, and former CISOs of Google, Zscaler, and Nike.
Miggo’s ADR platform specifically addresses a critical gap in application security, allowing security teams to detect and respond to targeted application attacks in real-time. The platform aims to provide the necessary visibility, response, and understanding to prevent application breaches. Miggo’s technology allows for the precise discovery and mapping of the architecture of distributed applications, establishing behavioral baselines, and monitoring for deviations from intended design or code execution flows. The platform leverages live in-application context to detect and mitigate attacks before they escalate into breaches.
There is significant recognition of the importance of addressing the blind spots in application security, given that nearly 80% of data attacks today target applications. Miggo’s ADR platform is seen as a key innovation, providing transparency and necessary tools to protect and defend mission-critical assets. The platform aims to not only provide application-layer visibility and control but also to dramatically lower the mean time to detect and respond to application attacks.
For more information about the Miggo ADR platform, interested parties can visit miggo.io for further details and to schedule a demo. Additionally, YL Ventures, which led the recent funding round for Miggo, is a prominent supporter of visionary cybersecurity entrepreneurs, with a track record of seeding cybersecurity unicorns and successfully backing portfolio companies that have been acquired by high-profile industry leaders.
Overall, the meeting notes highlight Miggo as a significant player in addressing critical application security gaps, and the recent $7.5 million funding round led by YL Ventures underscores confidence in Miggo’s ADR platform.