TEL AVIV, June 4, 2024 – Oligo Security, an application security and defense leader, was named to Rising in Cyber 2024, an independent list launched by Notable Capital to recognize the most promising cybersecurity companies in the eyes of Chief Information Security Officers (CISOs), venture capital investors, and other security leaders.

Notable Capital partnered with 100+ CISOs, VPs of Security from companies such as Amazon, Atlassian, Coupang, and Netflix, and prominent venture capital firms to nominate and vote on approximately 200 companies in order to select the 30 honorees. Honorees were chosen based on their proven ability to solve critical problems for security teams. Having raised more than $6 billion collectively, the companies recognized by Rising in Cyber demonstrate the enthusiasm of the cybersecurity industry for innovation in this sector. In celebration, honorees will be recognized at the New York Stock Exchange today.

“When we started Oligo, we wanted to shift the balance in application security toward the defenders—giving organizations defensive tools that actually stop and prevent application breaches, no matter whether attackers intrude using CVEs, configuration issues, or unpatchable zero-days,” said Oligo Security CEO Nadav Czerninski. “This recognition is a great confirmation of what we already know—our product works to protect applications in practical, real-world scenarios, even those considered ‘unfixable’ by the rest of the market, like zero-day and transitive dependency vulnerabilities.”

Oligo Security was founded in 2022 by three childhood best friends who had served in elite intelligence units together. In 2023, Oligo raised $28M in two initial rounds of funding from investors including Ballistic Ventures, TLV Partners, and Lightspeed Venture Partners, and launched the Oligo Application Defense Platform, a full suite of application security and defense solutions, in early 2024.

“We see more innovation among cybersecurity startups than ever before, especially as AI creates both opportunities and new risks. Areas such as identity and access management, cloud security, and application security will see increased adoption by CISOs as security teams adapt to the rising role of AI,” said Oren Yunger, Managing Partner, Notable Capital. “Congratulations to the honorees of Rising in Cyber 2024!”

About Oligo Security

Oligo Security is on a mission to proactively protect software throughout the development lifecycle. With contextual detection of exploitable flaws in all application code, the Oligo Defense Platform is the only product on the market that can fully determine vulnerability exploitability and detect real-time indicators of compromise in applications. When customers use the Oligo Defense Platform, they can proactively harden applications in runtime, detect a range of known and unknown vulnerabilities, and alert to any unusual or unauthorized application library behavior. Founded in 2022 by military cyberintelligence experts Nadav Czerninski, Gal Elbaz, and Avshalom Hilu, Oligo Security is based in Tel Aviv with a global, distributed team.

About Rising in Cyber 

Rising in Cyber recognizes the most innovative startups in cybersecurity as determined by more than 100 leading CISOs, cybersecurity executives, and prominent venture capital firms. For Rising in Cyber 2024, about 200 companies were nominated, and 30 were recognized as honorees through an independent nomination and voting process. Nomination criteria included private, venture-backed companies with a primary product focus on cybersecurity and the U.S. as a primary market. For more information about the honorees, participating investors, and methodology, visit: www.risingincyber.com.

About Notable Capital

Notable Capital is a global venture capital firm based in the U.S. focused on early-to-growth-stage companies in cloud infrastructure and business and consumer applications. The firm invests primarily in the U.S., Israel, Europe, and Latin America. Notable Capital portfolio companies include Affirm, Airbnb, Block, Brightwheel, Drata, Handshake, HashiCorp, Ibotta, Orca Security, Quince, Slack, Slice, StockX, Stori, Vercel, Zendesk, and more.

Notable Capital is a longtime investor in the global cybersecurity sector. Its investments include Bitsight, Descope, Drata, Gem Security, Nozomi Networks, Orca Security, Torq, Vdoo, Wing Security, and more. More information can be found at www.notablecap.com and @notablecap. 

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