Miggo Security Receives Frost & Sullivan Innovation Award for Application Security Platform

Miggo Security has been awarded the 2025 Global New Product Innovation Recognition by Frost & Sullivan for its leadership in application security, marking a significant milestone in the evolution of cybersecurity protection for modern cloud and AI environments. The recognition validates Miggo's Application Detection and Response platform as enterprises face growing challenges securing distributed, microservices-based architectures that have expanded the attack surface beyond what traditional application security tools can effectively protect.

The timing of this recognition coincides with rapid market expansion, with MarketsandMarkets projecting the global application security sector to reach USD 26.7 billion by 2028, up from USD 15.7 billion in 2023, representing a compound annual growth rate of 11.2 percent. This growth reflects the urgent need for solutions that can protect applications in production environments where traditional tools like static code analysis, dynamic scanning, and web application firewalls have become increasingly insufficient against modern threats.

Miggo's platform addresses critical security gaps through several innovative technologies. DeepTracing leverages eBPF and OpenTelemetry to capture every function call as an execution trace, providing security teams with deep visibility into how benign code flows evolve into exploit chains. This capability enables real-time detection and blocking of threats including logic abuse, prompt injection, and behavioral drift. AppDNA constructs dynamic dependency graphs that correlate user actions with APIs, code lines, and system calls, allowing teams to identify exploitable vulnerabilities rather than theoretical risks.

The platform's WAF Copilot introduces predictive response capabilities that automatically generate and deploy custom protection rules within minutes, reducing time-to-exposure by over 90 percent compared to traditional web application firewall solutions. According to Miggo, deployments have demonstrated a 30 times improvement in policy-violation detection, fewer false positives, and significantly reduced mean-time-to-detect and mean-time-to-respond metrics. Customers report faster release cycles and improved risk visibility without increasing application security overhead.

This innovation comes at a critical juncture as enterprises increasingly operate across hybrid cloud, containerized, and AI-driven environments where attackers exploit new pathways including API abuse, service chaining, and prompt injection. Miggo's agentless and sensor-agnostic design allows teams to integrate across environments in under an hour, eliminating complex instrumentation while maintaining full coverage. The approach aligns with Gartner's projection that by 2029, over 50 percent of successful attacks against AI agents will exploit access control vulnerabilities.

The company's April 2024 seed funding round of 7.5 million dollars, led by YL Ventures, has accelerated platform development and market reach. Frost & Sullivan's evaluation, which benchmarks companies based on strategic effectiveness and execution, found that Miggo excels in aligning innovation with market needs and delivering results with precision. As AI continues to influence how systems are built and breached, runtime security is becoming a foundational element of enterprise defense, making Miggo's approach particularly relevant for organizations navigating digital transformation.