OX Security, a leading company in Application Security, has announced that it raised $60 million in Series B funding. The funding round was led by DTCP and included investors like IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8.
The company helps businesses focus on the most important 5% of security risks in their apps. Over the past year, OX Security made $10 million in sales and grew its number of customers more than three times.
Thanks to AI-generated code and traditional human programming, software development is speeding up like never before. AI can quickly produce good code, but it often hides structural problems that are hard to find.
At the same time, traditional development creates complex systems that come with their risks. This fast growth in software development is making it harder for traditional security tools to keep up. These tools send too many alerts but struggle to identify which ones are actual threats.
“As AI-generated code becomes the new normal, the risks it introduces are often hidden beneath seemingly innocuous code, flaws that traditional security tools are not built to detect,” said Neatsun Ziv, CEO and Co-Founder of OX Security. “OX is pioneering agentic code review powered by AI and enhanced by critical thinking modules that mimic the judgment of top security engineers. By continuously modeling risk across AI and human-generated code, we identify and prioritize the vulnerabilities that matter.”
OX’s platform helps teams clearly identify and focus on the most essential security risks during software development. It shows which problems could have a real impact and helps developers deal only with the most serious threats.
By cutting out less important issues, OX helps companies reduce risk more effectively and saves developers time and effort.
Today, OX is trusted by over 200 organizations, including Microsoft, IBM, eToro, and SoFi.
“Any security tool can find endless vulnerabilities and issue a non-stop stream of alerts,” added Ziv. “We’re here to tell you which specific vulnerabilities will get you breached – and make it painfully clear what to fix first. We built OX to solve the real AppSec problem: not finding issues but knowing which ones matter. That’s what gets buy-in from developers, prevents breaches – and that’s why the market is finally ready for change.”
“OX is the precision blade that slices through the noise of endless vulnerabilities, empowering organizations to zero in on the critical 5% that truly matter,” said Dean Shahar, Managing Director at DTCP. “This is a true paradigm shift – OX’s code projection and precise prioritization finally deliver on the broken promises of legacy security tools, whose flood of alerts has become their Achilles’ heel. As GenAI accelerates code creation beyond human scale, OX unifies fragmented AppSec solutions into a single, cohesive platform, delivering laser-sharp accuracy to secure the ever-expanding attack surface.”
With this new funding, OX has now raised $94 million. The money will be used to develop new products faster, grow the company in more countries, and help businesses shift from reacting to threats to reducing real security risks.
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