Ox Security Raises $60M, Hits $10M Revenue

Ox Security, an application security startup founded in 2021 by former Check Point executives, has raised $60 million in a Series B funding round led by DTCP with participation from IBM, Microsoft, Swisscom Ventures, Evolution Equity, and Team8, bringing its total funding to $94 million. The company's platform uses AI-powered technology and proprietary Code Projection and agentic code review tools to identify and prioritize the most critical 5% of vulnerabilities in both AI- and human-generated code. This targeted approach helps organizations trace security flaws back to their source, assess business impact, and save millions in developer hours. Ox Security serves over 200 clients, including Microsoft, IBM, eToro, SoFi, and government agencies, and has achieved $10 million in annual recurring revenue. The new funding will support further product innovation and global expansion. Demand for Ox’s solutions has grown as legacy security tools struggle with the increasing complexity and volume of vulnerabilities, especially with the rise of AI-generated code.