Ox Security lands a fresh $60M to scan for vulnerabilities in code

Tech Crunch - May 7th, 2025

Ox Security, a platform focused on identifying vulnerabilities in AI-generated code, has successfully secured $60 million in Series B funding. This funding round was led by DTCP with participation from notable investors including IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. Founded in 2021 by Neatsun Ziv and Lior Arzi, Ox Security aims to provide a robust solution for both security teams and developers. The platform models risks in both AI- and human-generated code, offering tools for scanning applications and securing supply chains. With a client list that includes eToro, SoFi, Microsoft, IBM, and various government entities, Ox is analyzing over 100 million lines of code daily, generating $10 million in annual recurring revenue.

The funding will be used to drive growth and expansion as Ox Security positions itself against competitors such as Snyk, Veracode, Synopsis, and Checkmarx. The company plans to be cash-flow-positive within the next 2-3 years, anticipating revenue to double by the end of the year. As AI continues to transform software development, Ox seeks to mitigate risks by highlighting subtle security flaws in AI-generated code, thus freeing developers to focus on innovation. This strategic move is part of Ox's long-term vision to scale its operations and solidify its market presence, taking advantage of the significant growth opportunities presented by the increasing reliance on AI in development processes.

Cybersecurity Microsoft Software Development Series B Funding Ox Security Ai Generated Code Neatsun Ziv Lior Arzi Dtcp Ibm Ventures

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RATING

7.6

Fair Story

Consider it well-founded

The article provides a comprehensive overview of Ox Security's recent funding round and its implications for the company's growth and market position. It excels in accuracy, with most claims supported by credible sources, although some performance metrics rely heavily on statements from the CEO without independent verification. The article is timely and relevant, aligning with current trends in AI and cybersecurity, but its focus on a single company may limit its appeal to a broader audience. While the clarity and readability are strong, the lack of diverse perspectives or controversial elements restricts its engagement potential. Overall, the article serves as an informative piece for those interested in tech investments and cybersecurity, but could benefit from additional context and critical analysis to enhance its impact and public interest.

Accuracy

The article provides a largely accurate account of Ox Security's recent funding round and company details. It accurately reports the $60 million Series B funding, the participation of notable investors like DTCP, IBM Ventures, and Microsoft, and the total funds raised reaching $94 million. These details are corroborated by multiple sources. However, some claims, such as Ox Security analyzing over 100 million lines of code daily and generating $10 million in annual recurring revenue, are based on statements from the CEO and lack independent verification. Additionally, the term 'vibe coding' is not widely recognized, which could lead to confusion without further context or clarification.

Balance

The article primarily presents the perspective of Ox Security and its CEO, Neatsun Ziv. While it provides a comprehensive view of the company's achievements and future plans, it lacks critical perspectives from industry analysts or competitors. The focus is heavily on the positive aspects of Ox Security's growth and technological capabilities, potentially overlooking challenges or criticisms that could provide a more balanced view. Including insights from competitors like Snyk or Veracode could have enriched the narrative and offered a more rounded perspective on the market landscape.

Clarity

The article is generally clear and well-structured, providing a logical flow of information from the funding details to the company's background and future plans. The language is straightforward, making it accessible to readers with a basic understanding of the tech industry. However, the introduction of terms like 'vibe coding' without explanation could confuse readers unfamiliar with niche industry jargon. Ensuring all terms are clearly defined would improve clarity and comprehension.

Source quality

The article cites credible sources, including statements from Ox Security's CEO and references to reputable investors like Microsoft and IBM Ventures. These sources lend credibility to the financial and operational claims made. However, the reliance on the CEO for key performance metrics such as revenue and code analysis volume introduces potential bias. Independent verification from third-party analysts or financial reports would strengthen the source quality and provide a more objective basis for these claims.

Transparency

The article is transparent in its reporting of Ox Security's funding and investor details. It clearly attributes statements to the CEO, providing readers with insight into the source of the information. However, it lacks transparency in explaining the methodology behind Ox Security's claims, such as how the code analysis is conducted or the criteria for revenue projections. Providing more context on these methodologies would enhance transparency and help readers understand the basis for the company's claims.