Ox Security Scores $60M: AI Code Vigilantes or Just Another Alert Fatigue Cure?
Ox Security, an Israeli startup in application security, just bagged a $60 million Series B round. They’re using this cash to conquer code chaos, tackling AI-generated code and alert fatigue head-on. With a total of $94 million raised and a roster boasting names like Microsoft, they’re on a mission to streamline security.
Hot Take:
Ox Security is cashing in on the cybersecurity gold rush, proving that if you can’t beat ’em, at least try to outsmart their code with AI. With $60 million in hand, they’re ready to tackle the security challenges of the digital world one clever algorithm at a time. The message is clear: It’s not just about finding vulnerabilities, it’s about finding the ones that matter. Watch out, traditional code scanners, your days of overwhelming developers with low-value alerts might be numbered!
Key Points:
- Ox Security secures $60 million in a Series B funding round led by Deutsche Telekom’s venture arm, DTCP.
- Follow-on investments from tech giants like IBM Ventures and Microsoft.
- The startup aims to revolutionize application security by focusing on actionable vulnerabilities in both AI-generated and human-written code.
- Ox Security has rapidly grown its customer base, now serving 200 organizations, including Microsoft and IBM.
- New funds to be used for product R&D and expanding global presence.