Ox Security Secures $60M in Series B Funding to Protect AI-Generated Code from Vulnerabilities
As the tech world embraces generative AI, software developers are increasingly relying on AI tools to accelerate development. But while these tools enhance efficiency, they also introduce new vulnerabilities that could jeopardize security. Ox Security, a platform dedicated to scanning AI-generated code for security flaws, has just secured $60 million in Series B funding to expand its offerings and tackle this growing challenge. With the latest round led by DTCP and supported by industry giants such as IBM Ventures and Microsoft, Ox is poised to revolutionize code security in the AI era.
Founded in 2021 by Neatsun Ziv and Lior Arzi, Ox Security is based in New York and Tel Aviv. Both founders, experienced software and IT engineers, previously worked at Check Point, a renowned security company. Drawing from their expertise, they developed Ox’s platform to address the unique risks posed by AI-driven software development. The platform is designed for both security teams and developers, enabling them to scan code, identify vulnerabilities, and secure the entire software supply chain.
Ox’s platform stands out by not only detecting vulnerabilities but also providing actionable recommendations for fixes. It assists with code reviews, generates executive reports, and models potential threats, ensuring that organizations can stay ahead of security risks. As AI continues to transform software development, Ox aims to help developers focus on innovation while improving their organization’s overall security posture.
Raising Funds to Scale and Compete in a Growing Market
Ox Security's new $60 million investment will accelerate its growth and help it compete with industry giants like Snyk, Veracode, and Checkmarx. With a current customer base that includes Fortune 10 companies, government agencies, and military entities, Ox is already analyzing over 100 million lines of code daily for more than 200 clients. These customers include major players such as eToro, SoFi, Microsoft, and IBM.
With plans to double its annual recurring revenue of $10 million by the end of 2025, Ox is positioning itself as a leading player in the cybersecurity space. Ziv, Ox’s co-founder, envisions the company becoming cash-flow-positive within two to three years, helping it scale and meet its long-term goals. “We’ve seen significant growth in revenue and received offers that give us the opportunity to make a leap forward,” said Ziv. “Now is the right time to take this step for the company.”
A Growing Need for AI-Specific Code Security Solutions
As AI tools become more prevalent in software development, ensuring their security has never been more critical. Traditional security measures often fall short when it comes to identifying subtle flaws in AI-generated code. Ox’s platform bridges this gap, offering a proactive solution to secure AI-driven applications and protect businesses from emerging threats.
With Ox’s ability to detect and mitigate risks across both human- and AI-generated code, companies can safeguard their software products against vulnerabilities that could lead to costly breaches. This added layer of security is crucial as AI adoption continues to grow across industries, making Ox’s services an invaluable asset for businesses looking to maintain a secure software ecosystem.
As Ox Security continues to innovate and expand, it is helping shape the future of cybersecurity in the AI age. By securing the code that powers next-gen applications, Ox is ensuring that companies can embrace AI technology with confidence, knowing their systems are protected from evolving threats.
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