Ox Security Secures $60M to Revolutionize Global Code Security

Backed by Microsoft and IBM, Ox Security targets dominance in the software supply chain security market

Strategic Funding Shakes Up the Market

Ox Security, a cybersecurity startup based in Tel Aviv and New York, has just secured a $60 million Series B funding round. The round was led by DTCP with participation from Microsoft, IBM Ventures, Swisscom, and Evolution Equity Partners. Ox’s total funding now stands at $94 million, with its valuation soaring as demand for software supply chain security surges.

What Sets Ox Security Apart?

Unlike industry veterans like Snyk and Veracode, Ox Security delivers a comprehensive security solution. Beyond static code analysis, their platform protects against supply chain attacks and vulnerabilities in AI-generated code. Ox analyzes over 100 million lines of code daily and serves around 200 clients, including eToro and SoFi.

Global Focus and Cash Flow Targets

Serving Fortune 10 companies, militaries, and SMEs alike, Ox is expanding aggressively into Asia and Europe. With an annual recurring revenue of $10 million, the company aims to double that by year-end and reach positive cash flow within two to three years.

Impact on Competitors and Investment Trends

Ox’s rise places pressure on rivals like Checkmarx and Synopsis to innovate faster. This funding round also highlights how code security is becoming a top strategic investment area in 2025, as global supply chain attacks continue to rise.

Armed with significant capital, cutting-edge technology, and backing from tech giants, Ox Security is no longer just an upstart—it’s a frontrunner in securing software development pipelines worldwide.