Ox Security Raises $60M to Revolutionize AI-Generated Code Vulnerability Scanning

Ox Security Secures $60M in Series B Funding

Ox Security, a New York- and Tel Aviv-based startup specializing in vulnerability scanning for both AI-generated and human-produced code, has successfully closed a $60 million Series B funding round. The investment was led by DTCP, with participation from notable tech giants and venture firms including IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8 1

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Addressing the Challenges of AI-Generated Code

As the software development landscape evolves with the increasing adoption of generative AI tools, Ox Security positions itself at the forefront of addressing new security challenges. The company's platform is designed to model risk across both AI- and human-produced code, offering a solution to the potential vulnerabilities introduced by rapid AI-driven code generation 1

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Neatsun Ziv, CEO and co-founder of Ox Security, emphasized the transformative impact of AI on software development: "While these tools accelerate development for both experienced developers and beginners, they often lack the critical thinking and judgment needed to catch subtle security flaws" 1

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Innovative Approach to Application Security

Ox Security's platform employs a unique approach to application security:

1. Code Projection Technology: This proprietary technology analyzes how code behaves in real-world environments and traces potential vulnerabilities back to their source 3

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2. Risk Prioritization: The platform evaluates reachability, exploitability, and business impact of vulnerabilities, allowing teams to focus on the most critical issues 3

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3. AI-Powered Analysis: Ox Security is developing AI-powered agentic code review capabilities, enhanced by critical thinking modules that mimic the judgment of top security engineers 3

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Market Position and Growth

Ox Security has gained significant traction in the market:

• The platform analyzes over 100 million lines of code daily for approximately 200 customers, including eToro, SoFi, Microsoft, and IBM 1

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• The company's customer base spans from Fortune 10 companies to small- and medium-sized businesses, as well as military and government entities 1

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• Ox Security is currently generating around $10 million in annual recurring revenue, with expectations to double by the end of the year 1

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Competitive Landscape

In the application security market, Ox Security competes with established players such as Snyk, Veracode, Synopsis, and Checkmarx 1

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. The company's focus on precise, evidence-based risk prioritization sets it apart in a field where traditional tools often overwhelm security teams with constant alerts 3

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Future Plans and Industry Impact

With the new funding, Ox Security plans to enhance its technology and expand its market presence. The company aims to address the growing realization that traditional application security tools are failing to meet the needs of modern development practices, especially in the context of AI-generated code 3

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Dean Shahar, managing director at DTCP, commented on the investment: "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" 3

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As the software development landscape continues to evolve with AI integration, Ox Security's innovative approach to vulnerability scanning and risk prioritization positions the company as a key player in shaping the future of application security.