Miggo Security Raises $7.5M to Enhance ADR Platform and Expand Market

Miggo Security, Interview With CEO Daniel Shechter

Miggo Security Raises $7.5M in Seed Funding

Key Highlights:

  • Seed Funding: Miggo Security, a Tel Aviv-based cybersecurity startup, raised $7.5 million in seed funding.
  • Application Detection and Response (ADR) Platform: Miggo Security introduces an ADR platform that provides continuous monitoring and response capabilities to detect and respond to cyberattacks in real-time.
  • Market Problem: Modern applications face critical AppSec blind spots, and attackers exploit the application's inherent behavior. Miggo Security aims to address these vulnerabilities and fortify applications against threats.
  • Competitive Advantage: Miggo Security's ADR platform differentiates itself by providing in-application context, mapping flows between application services, and detecting malicious activity in real-time.

Miggo Security's Target Market

  • Target Market: Enterprises and organizations seeking proactive application security solutions to detect and respond to cyberattacks.
  • AppSec Teams: Security teams responsible for overseeing and controlling the entire application security process.
  • Enterprise Security Professionals: Security leaders and professionals looking for innovative solutions to address AppSec blind spots and enhance their cybersecurity posture.

What Miggo Security Needs to Buy

  • Strategic Partnerships: Collaborations with cybersecurity leaders, former CISOs, and industry experts to enhance product development and expand market reach.
  • Customer Acquisition: Marketing and sales services to attract new customers and expand the customer base.
  • Research and Development: Investment in R&D to further enhance the ADR platform and stay ahead of evolving cyber threats.