OX Security Secures $60M in Series B Funding to Propel AI-Powered Application Security Innovations

OX Security, a pioneering company in the field of application security, has successfully completed a $60 million Series B funding round aimed at enhancing its innovative solutions in the cybersecurity landscape. This significant investment was spearheaded by DTCP, with support from esteemed partners including Swisscom Ventures, IBM, Evolution Equity Partners, Microsoft, and Team8. As a result of this funding, OX Security has now garnered a total of $94 million since its establishment.

Strategic Focus on Cybersecurity Innovation

Founded in 2021 in response to the SolarWinds breach, OX Security specializes in delivering a next-generation application security platform that effectively addresses the limitations of traditional AppSec tools. Utilizing a proprietary Code Projection engine, the company’s technology accurately identifies vulnerabilities that pose genuine threats, assessing reachability, exploitability, and business impact throughout the development lifecycle.

Investment Impact and Future Plans

The newly acquired capital will be directed towards:

• Global expansion of its services
• Scaling product development efforts
• Enhancing AI-driven strategies for software risk mitigation

OX Security aims to transition enterprises from a reactive security posture to a proactive approach, emphasizing actionable risk reduction that can be measured effectively.

Impressive Growth and Client Base

In just one year, OX Security has made remarkable strides, achieving $10 million in revenue and tripling its customer base. The company now serves over 200 clients, including notable names such as Microsoft, IBM, SoFi, and eToro.

Leadership Insights

Neatsun Ziv, CEO and co-founder of OX Security, articulated the company’s mission: “Any security tool can identify countless vulnerabilities, but we focus on the specific threats that can lead to breaches. Our goal is to clarify which issues to prioritize for remediation, ensuring developers understand what to fix first. This approach is key to preventing breaches and indicates that the market is ready for change.”

Dean Shahar, managing director at DTCP, expressed enthusiasm about the partnership: “We are thrilled to support OX in their growth journey. OX operates as a precision tool that cuts through the overwhelming volume of vulnerabilities, allowing organizations to focus on the most critical issues.”

Conclusion

As cybersecurity threats continue to evolve, OX Security is poised to lead the charge in application security innovation. With its cutting-edge technology and strategic funding, the company is well-equipped to address the complexities of modern security challenges.

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