Ox Security, a cybersecurity firm specializing in risk modeling for both human and AI-authored software, has secured $60 million in a Series B funding round. The investment, led by DTCP with participation from major industry players including IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8, brings the company’s total funding to $94 million.
Addressing the Risks of “Vibe Coding”
As the popularity of “vibe coding” and generative AI tools accelerates, the pressure on developers to maintain secure codebases has intensified. Founded in 2021 by former Check Point engineers Neatsun Ziv and Lior Arzi, Ox Security provides a platform designed to bridge the gap between rapid development and robust security.
The platform serves both security teams and developers by scanning application code and securing the broader software supply chain. Beyond simple detection, the system models potential threats, suggests automated fixes, and generates comprehensive reports detailing security breaches and their origins.
Scaling Security in the AI Era
“AI has significantly transformed software development,” said Neatsun Ziv. “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.”
Currently, Ox Security analyzes over 100 million lines of code every day for a diverse client base of approximately 200 customers. This portfolio includes major financial and tech institutions such as eToro, SoFi, Microsoft, and IBM, alongside various military, government, and federal agencies.
Growth Strategy and Market Competition
With 150 employees currently on staff, Ox Security plans to utilize the new capital to scale its operations and compete more aggressively against established market rivals like Snyk, Veracode, Synopsis, and Checkmarx.
The startup is presently generating around $10 million in annual recurring revenue. Ziv expects this figure to double by the end of the year, with a strategic goal of achieving cash-flow positivity within the next two to three years. According to the founders, this funding round provides the necessary runway to focus on long-term scaling and capturing significant market share in an increasingly automated software landscape.