As generative AI tools become mainstream in software development, cybersecurity startup Ox Security has landed a fresh $60 million Series B round to scale its platform that scans for vulnerabilities in both AI- and human-written code.
The round was led by DTCP, with backing from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8, bringing Ox Security’s total raised to $94 million.
Founded in 2021 by Neatsun Ziv and Lior Arzi, former Check Point engineers, Ox is headquartered in New York and Tel Aviv. The startup offers a unified platform for developers and security teams to analyze application code and secure software supply chains, flagging security threats and offering recommended fixes.
Riding the AI wave in software development
Ziv noted that the recent surge in generative AI tools has revolutionized development but comes with new risks, as these tools often miss subtle security flaws. Ox’s platform addresses this by modeling threats in real time, generating executive-level security reports, and assisting in code reviews with automated remediation suggestions.
Currently, Ox Security analyzes more than 100 million lines of code per day for about 200 clients, including fintech firms eToro and SoFi, as well as tech giants Microsoft and IBM — both of which are now also investors.
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Competing with Snyk, Veracode, and Checkmarx
Operating in a crowded space alongside players like Snyk, Veracode, Synopsis, and Checkmarx, Ox Security differentiates by offering a comprehensive and real-time risk model tailored to today’s hybrid AI-human development environments.
The company, which employs around 150 people, currently generates $10 million in ARR, with Ziv projecting 100% growth by the end of 2025. Ox Security aims to become cash-flow positive within 2–3 years, and the new capital will support international growth and customer acquisition.
“We want to position ourselves for long-term success and focus on scaling,” said Ziv. “We’ve seen significant revenue growth and believe this is the right moment to take a strategic leap.”
