Daniel Shechter

We’re excited to announce our Series A investment round, led by SYN Ventures with continued participation from YL Ventures.

2023 was a challenging year for AppSec professionals, with a distinct increase in high-profile attacks targeting applications, including Ivanti Gateway, GoAnywhere, MOVEit and Microsoft Sharepoint. The ever-vulnerable applications layer remains one of the industry’s most pressing pain points, and at Miggo we’re determined to resolve it with our Application Detection and Response (ADR) solution.

Today marks a special milestone for Miggo as we officially emerge from stealth and meet the world. None of this would have been possible without our incredible partners who believed in us before we even took our first step–thank you so much to YL Ventures, Cyber Club London (CCL), Runtime Ventures and our inspiring group of angels. Most importantly, I’d like to thank the amazing team that is Miggo.

Miggo Research identified a critical configuration-based vulnerability, dubbed ALBeast, affecting applications that utilize AWS Application Load Balancer (ALB) for authentication. This flaw can facilitate authentication and authorization bypass in applications exposed to the internet that relies on ALB’s authentication mechanisms.

Application Security has become one of the fastest-growing, increasingly challenging security sectors within modern business. What was once almost an afterthought, a simple task of securing the software development process with some manual testing and patching, has evolved into a critical component of security postures in every type of organization and industry.

To better understand the need for ADR, it’s important to reflect on how applications have transformed. Just a few years ago, applications were developed by a single, tightly knit team, hosted either on-prem or in the cloud, and shielded by perimeter defenses like firewalls and WAFs.