AppSec company Miggo, which specialises in real-time ADR technology, has announced the close of a $17m Series A funding round.
The round was led by SYN Ventures, with participation from existing backer YL Ventures. The capital injection will support Miggo’s growth as it scales its ADR platform to meet increasing global demand for resilient security solutions.
Miggo offers a plug-and-play ADR platform designed to protect modern applications from AI-powered threats that can exploit vulnerabilities faster than teams can patch them. Unlike traditional tools that focus on networks or endpoints, Miggo’s solution provides in-application defence by monitoring behaviour and blocking threats instantly—without the need for code changes or patching cycles.
The new capital will be used to expand Miggo’s customer base across critical industries such as financial services, SaaS, and e-commerce, while advancing the firm’s mission to deliver real-time security for enterprise applications. The funding will also accelerate product development, enhance DeepTracing™ technology, and support global go-to-market initiatives.
Miggo’s proprietary DeepTracing™ technology maps application behaviour in real-time, simulates attack paths, and deploys targeted defences automatically. This approach allows organisations to maintain development speed without sacrificing security. The company’s effectiveness was highlighted during its discovery of the “ALBeast” vulnerability in AWS’s Application Load Balancer (ALB), earning recognition from AWS, HashiCorp and the UK’s GCHQ.
Miggo co-founder and CEO Daniel Shechter said, “Our mission is to empower security teams with real-time, actionable protection, giving them the freedom to fix vulnerabilities on their terms without risking exposure. We’re not here to detect and alert. We’re here to block the attack while you fix the issue. We’re closing the widening gap between how fast organisations ship code and how fast attackers exploit it.”
SYN Ventures operating partner Glenn Chisholm said, “Miggo’s response-driven solution stops exploitation instantly, allowing organisations to be more resilient than ever. Miggo is the solution the market needs to protect against today’s threat landscape.”
YL Ventures partner Justin Somaini added, “Miggo represents a paradigm shift in application security when organisations need it most. Their innovative runtime monitoring doesn’t just identify threats, it transforms how businesses protect their critical digital assets. This funding will help establish Miggo as an essential security cornerstone for enterprises facing sophisticated threats globally.”
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