OX Security Secures $60M Series B to Fortify AI-Driven Code Security

OX Security, a rising star in application security, has raised $60 million in a Series B funding round, bringing its total funding to $94 million. The round was led by DTCP, with participation from IBM Ventures, Microsoft (via its venture arm), Swisscom Ventures, Evolution Equity Partners, and Team8.

Founded by cybersecurity veterans Neatsun Ziv and Lior Arzi, both alumni of Check Point Software Technologies, OX Security emerged from a recognition that the software supply chain risk landscape is shifting. Their mission is simple but powerful: help organizations focus on the 5% of application risks that truly matter, those that are exploitable, reachable, and have meaningful business impact.

Rather than adding yet another scan tool to an already bloated stack, OX aims to provide one unified platform spanning code, pipeline, cloud, and runtime, eliminating disconnected tools and prioritizing what matters most.

What Makes OX Different

In the classic application security realm, teams are often buried in thousands of alerts coming from SAST, DAST, SCA, CSPM, CI/CD, and runtime tools, most of which may never lead to a breach. OX flips the paradigm.

• Their platform uses what they call Code Projection and other prioritization methods to evaluate reachability, exploitability, and business impact, rather than just “is this line vulnerable?”
• They highlight their ability to reduce false positives, streamline triage, and give security + Dev teams clarity and focus.
• With AI-accelerated code generation, new risks are emerging; code produced by LLMs may look clean, but hide structural flaws. OX treats this as a central design challenge.

The result: customers using OX get what they describe as “laser-sharp accuracy” in AppSec and visibility across the software development lifecycle.

Momentum & Market Validation

The funding round reflects strong market signals. According to the company:

• It has hit ~$10 million in ARR and more than tripled its customer base in the past year.
• It currently serves over 200 organizations, including major names like eToro, SoFi, Microsoft, and IBM.
• The total investment raised now stands at $94M.

These are substantial indicators that the enterprise market is recognizing the urgency of modern AppSec challenges and placing its bets on platforms that can scale, prioritize, and modernize.

Why It Matters

For the readership of Execweb and organizations at large, here’s why this is timely:

• AI-assisted development is no longer niche: with code being generated fast (via LLMs, copilots, etc.), the complexity and risk surface expand rapidly. OX’s positioning directly addresses this trend.
• Traditional AppSec tooling is under strain: vast volumes of alerts, disconnected workflows, and constrained security teams mean that something must give. A platform that slices through the noise is valuable.
• Businesses are under pressure: time-to-market expectations, increasing regulatory scrutiny of software supply chains, and mounting threat actor sophistication (often AI-enabled) mean that “secure software” is a business imperative, not just an IT concern.

In short, OX Security is riding the confluence of rapid development, generative code risk, and enterprise resilience demands.

What’s Next

With the new funds, OX intends to:

• Expand support across the entire DevSecOps tool chain so the platform works wherever and however organizations build software.
• Develop even more precise prioritization models and workflows so remediation becomes faster, more automated, and less manual.
• Continue global go-to-market expansion and scaling, bringing their unified AppSec model to more enterprises worldwide.

For the broader cybersecurity ecosystem, this signals that the AppSec field is evolving: from point solutions and alert streams to unified, risk-driven, and Dev-friendly platforms.

Execweb congratulates the team at OX Security on this milestone. The $60 million Series B not only reflects investor confidence but also spotlights the accelerating importance of securing AI-powered development and modern software supply chains. For firms looking to move beyond alert-fatigue, siloed tools, and reactive security postures, platforms like OX offer a forward-looking path.