- Ox Security raises $60 million in a Series B funding round to scan and secure code, including AI-generated code.
- The funding round was led by DTCP with participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8.
- This brings Ox Security’s total raised capital to $94 million.
- Ox Security was founded in 2021 by Neatsun Ziv and Lior Arzi, both former engineers at security company Check Point.
- The platform helps both security teams and developers by scanning code in applications and securing software supply chains.
- Ox Security’s platform models security threats and offers recommendations for fixing flaws, also helping with code reviews.
- Ox analyzes over 100 million lines of code daily for around 200 customers, including major firms like eToro, SoFi, Microsoft, and IBM.
- The company serves a wide range of clients, including Fortune 10 companies, small to mid-sized businesses, and government and military agencies.
- Ox Security plans to use the new funding to expand and scale its operations and expects $10 million in annual recurring revenue to double by the end of the year.
- Ox’s long-term goal is to become cash-flow positive in the next 2-3 years, focusing on sustainable growth and major market opportunities.
Ox Security Raises $60 Million in Funding to Secure AI and Human-Generated Code
By: Zayden
On: Wednesday, May 7, 2025 11:50 AM
