Latest news with #NeatsunZiv
Yahoo
08-05-2025
- Business
- Yahoo
OX Security raises $60m in Series B funding
OX Security, an application security platform, has secured $60m in Series B funding to further develop its platform designed to pinpoint and prioritise risks in software development. The funding round was spearheaded by DTCP and saw contributions from firms including IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. With the latest funding, the company's total capital raised now stands at $94m. OX Security's platform is designed to support organisations in identifying and concentrating on the most critical 5% of application security risks, aiming to reduce unnecessary alerts and enhance overall risk posture. By providing evidence-based risk assessments throughout the software development process, OX Security enables development teams to address the real-world implications of vulnerabilities. Currently, OX Security's platform is used by more than 200 organisations, including Microsoft, IBM, eToro, and SoFi. The company plans to use the proceeds to advance product innovation, and expand its international presence. OX Security CEO and co-founder Neatsun Ziv said: "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. "OX is pioneering agentic code review, powered by AI and enhanced with critical thinking modules that mimic the judgment of top security engineers. By continuously modelling risk across both AI and human-generated code, we identify and prioritise the vulnerabilities that actually matter." OX Security said that it has witnessed significant growth during the past year, achieving $10m in sales and tripling its customer base. DTCP managing director Dean Shahar said: 'OX is the precision blade that slices through the noise of endless vulnerabilities, empowering organisations to zero in on the critical 5% that truly matter. 'This is a true paradigm shift – OX's code projection and precise prioritisation 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.' "OX Security raises $60m in Series B funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
OX Security raises $60m in Series B funding
OX Security, an application security platform, has secured $60m in Series B funding to further develop its platform designed to pinpoint and prioritise risks in software development. The funding round was spearheaded by DTCP and saw contributions from firms including IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. With the latest funding, the company's total capital raised now stands at $94m. OX Security's platform is designed to support organisations in identifying and concentrating on the most critical 5% of application security risks, aiming to reduce unnecessary alerts and enhance overall risk posture. By providing evidence-based risk assessments throughout the software development process, OX Security enables development teams to address the real-world implications of vulnerabilities. Currently, OX Security's platform is used by more than 200 organisations, including Microsoft, IBM, eToro, and SoFi. The company plans to use the proceeds to advance product innovation, and expand its international presence. OX Security CEO and co-founder Neatsun Ziv said: "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. "OX is pioneering agentic code review, powered by AI and enhanced with critical thinking modules that mimic the judgment of top security engineers. By continuously modelling risk across both AI and human-generated code, we identify and prioritise the vulnerabilities that actually matter." OX Security said that it has witnessed significant growth during the past year, achieving $10m in sales and tripling its customer base. DTCP managing director Dean Shahar said: 'OX is the precision blade that slices through the noise of endless vulnerabilities, empowering organisations to zero in on the critical 5% that truly matter. 'This is a true paradigm shift – OX's code projection and precise prioritisation 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.' "OX Security raises $60m in Series B funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
As AI Accelerates Code Generation, OX Security Raises $60M to Focus Developers on the 5% of Risks That Truly Matter
The round, which brings OX's total funding to $94M, is led by DTCP, with participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity and Team8 NEW YORK, May 7, 2025 /PRNewswire/ -- OX Security, a leader in Application Security, today announced $60 million in Series B funding. The round was led by DTCP, with participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. The company, which enables organizations to focus developers on the 5% of Application Security risks that matter, hit $10 million in sales and more than tripled its customer base over the past year. OX Security Co-founder and CPO Lior Arzi (left) and Co-founder and CEO Neatsun Ziv (right) Software development is accelerating at an unprecedented pace, driven both by AI-generated code and traditional human engineering. AI systems can produce clean-looking code at incredible speed, but often hide structural flaws that are difficult to detect. Meanwhile, conventional development continues to create complex systems that pose their own risks. This surge in software creation is overwhelming traditional Application Security (AppSec) tools, which flood teams with alerts but fail to identify which vulnerabilities pose real-world 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 with critical thinking modules that mimic the judgment of top security engineers. By continuously modeling risk across both AI and human-generated code, we identify and prioritize the vulnerabilities that actually matter." OX's platform enables precise, evidence-based risk prioritization throughout the software development lifecycle, highlighting the real-world impact of vulnerabilities and empowering teams to focus exclusively on critical threats. By eliminating the noise of non-critical issues, OX dramatically improves organizations' risk posture while saving millions in wasted developer hours. Today, OX is trusted by over 200 organizations, including Microsoft, IBM, eToro, and SoFi. "Any security tool can find endless vulnerabilities and issue a nonstop stream of alerts," added Ziv. "We're here to tell you which specific vulnerabilities will actually 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, that's what prevents breaches – and that's why the market is finally ready for change."
Yahoo
07-05-2025
- Business
- Yahoo
Ox Security lands a fresh $60M to scan for vulnerabilities in code
As "vibe coding" gains in popularity and tech companies push devs in their employ to embrace generative AI tools, a platform that scans for vulnerabilities in AI-generated code has raised a fresh round of funding. Ox Security, which models risk across both AI- and human-produced code, on Wednesday announced that it closed a $60 million Series B. The round was led by DTCP with participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8, and it brings Ox's total raised to $94 million. Neatsun Ziv and Lior Arzi founded New York- and Tel Aviv-based Ox in 2021. Software and IT engineers by trade, the pair met at Check Point, where they worked on the security firm's threat prevention product lines. Ox's platform, which TechCrunch last profiled in 2022, is aimed at both security teams and developers, offering tools to scan code in applications and secure a company's broader supply chain. Ox can model threats and even recommend fixes, assisting with code reviews and generating executive reports that highlight breaches and possible reasons they occurred. "Over the past year, AI has significantly transformed software development," Ziv told TechCrunchw. "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 … Ox frees up developers' time, allowing them to focus on innovation, while simultaneously improving the organization's overall security posture." Ox provides tools to secure code, including AI-generated code. Image Credits:Ox Security Ziv claims that Ox is analyzing over 100 million lines of code daily for around 200 customers, including eToro, SoFi, and two of its investors, Microsoft and IBM. "Our customer base spans from Fortune 10 companies to small- and medium-sized businesses," Ziv said. "We also count military and government entities as clients, as well as federal agencies." According to Ziv, Ox's new capital will be put toward growth and expansion as the 150-employee startup competes for market share against rivals such as Snyk, Veracode, Synopsis, and Checkmarx. Ox is generating around $10 million in annual recurring revenue — a figure Ziv anticipates will double by the end of the year — and plans to be cash-flow-positive within the next 2-3 years. "We want to position ourselves for long-term success and this way we can focus on scaling and reaching our bigger goals," ZIv said. "We've seen significant growth in revenue, and received offers that give us the opportunity to make a leap forward. We felt it was the right time to take this step for the company." This article originally appeared on TechCrunch at
TechCrunch
07-05-2025
- Business
- TechCrunch
Ox Security lands a fresh $60M to scan for vulnerabilities in code
As 'vibe coding' gains in popularity and tech companies push devs in their employ to embrace generative AI tools, a platform that scans for vulnerabilities in AI-generated code has raised a fresh round of funding. Ox Security, which models risk across both AI- and human-produced code, on Wednesday announced that it closed a $60 million Series B. The round was led by DTCP with participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8, and it brings Ox's total raised to $94 million. Neatsun Ziv and Lior Arzi founded New York- and Tel Aviv-based Ox in 2021. Software and IT engineers by trade, the pair met at Check Point, where they worked on the security firm's threat prevention product lines. Ox's platform, which TechCrunch last profiled in 2022, is aimed at both security teams and developers, offering tools to scan code in applications and secure a company's broader supply chain. Ox can model threats and even recommend fixes, assisting with code reviews and generating executive reports that highlight breaches and possible reasons they occurred. 'Over the past year, AI has significantly transformed software development,' Ziv told TechCrunchw. '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 … Ox frees up developers' time, allowing them to focus on innovation, while simultaneously improving the organization's overall security posture.' Ox provides tools to secure code, including AI-generated code. Image Credits:Ox Security Ziv claims that Ox is analyzing over 100 million lines of code daily for around 200 customers, including eToro, SoFi, and two of its investors, Microsoft and IBM. 'Our customer base spans from Fortune 10 companies to small- and medium-sized businesses,' Ziv said. 'We also count military and government entities as clients, as well as federal agencies.' Techcrunch event Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | BOOK NOW According to Ziv, Ox's new capital will be put toward growth and expansion as the 150-employee startup competes for market share against rivals such as Snyk, Veracode, Synopsis, and Checkmarx. Ox is generating around $10 million in annual recurring revenue — a figure Ziv anticipates will double by the end of the year — and plans to be cash-flow-positive within the next 2-3 years. 'We want to position ourselves for long-term success and this way we can focus on scaling and reaching our bigger goals,' ZIv said. 'We've seen significant growth in revenue, and received offers that give us the opportunity to make a leap forward. We felt it was the right time to take this step for the company.'
