Ox Security Raises $60M to Boost Code Vulnerability Scanning
▼ Summary
– Ox Security, a platform scanning for vulnerabilities in AI-generated and human-produced code, raised $60 million in Series B funding, bringing its total funding to $94 million.
– Founded in 2021 by Neatsun Ziv and Lior Arzi, Ox offers tools to scan code, model threats, and recommend fixes for both security teams and developers.
– Ox analyzes over 100 million lines of code daily for around 200 customers, including major firms like Microsoft, IBM, eToro, and SoFi, as well as government entities.
– The company plans to use the new funding for growth and expansion, competing with rivals like Snyk and Veracode, and aims to double its $10 million annual recurring revenue by year-end.
– Ox’s CEO highlighted that AI tools accelerate development but often lack critical thinking for security flaws, and Ox helps developers focus on innovation while improving security.
As AI-assisted coding becomes mainstream, security risks in generated code demand specialized solutions. Ox Security, a platform designed to identify vulnerabilities in both AI-produced and traditional code, has secured $60 million in Series B funding to expand its offerings. The investment round was spearheaded by DTCP, with contributions from IBM Ventures, Microsoft, Swisscom Ventures, and others, bringing the company’s total funding to $94 million.
Founded in 2021 by Neatsun Ziv and Lior Arzi, both former Check Point engineers, Ox Security provides tools that help development and security teams scan applications for weaknesses while securing broader software supply chains. The platform not only detects threats but also suggests fixes, streamlining code reviews and generating detailed reports on potential breaches. “AI tools speed up development but often miss critical security flaws,” Ziv explained. “Ox bridges that gap, letting developers innovate while maintaining robust security.” The company currently analyzes over 100 million lines of code daily for clients ranging from Fortune 10 corporations to government agencies, including Microsoft and IBM.
With 150 employees and $10 million in annual recurring revenue, Ox plans to double its revenue by year-end. The fresh capital will fuel expansion as the company competes with established players like Snyk and Veracode. Ziv emphasized long-term growth, stating the funding positions Ox to scale while aiming for profitability within the next few years.
The rise of AI in coding has created new security challenges, and Ox’s approach—combining automated scanning with actionable insights—positions it as a key player in safeguarding modern development workflows. As businesses increasingly rely on AI-generated code, solutions like Ox’s could become indispensable for maintaining secure software ecosystems.
(Source: TechCrunch)
