Ox Security drops a new $ 60 million to scan to benefit the security gaps in the code

With the acquisition of “competitive coding” in popularity, DeVs technology companies pushing them to embrace the tools of obstetric intelligence, a platform that wipes weaknesses in the software instructions created from artificial intelligence has raised a new round of financing.

Taurus securityThe risk of models across both the AI-and Human code, announced on Wednesday that it closed a series of $ 60 million B. The DTCP tour was driven with the participation of IBM Ventures, Microsoft, Swisscom Ventures, and Evolution Equity partners, and Team8, and the total OX collects to $ 94 million.

Neatsun ZIV and Lior Arzi Ox founded in New York Whale, their headquarters in 2021. Software and ITS according to trade, the couple met at Check Point, where they worked on the threat products of the security company.

OX platform, which lasts techcrunch feature In 2022, both safety and developers targets, providing tools to scan software instructions in applications and secure the broader supply chain of the company. OX can design threats and even recommend reforms, help in code and create executive reports that highlight the violations and possible causes that have occurred.

“During the past year, artificial intelligence has transformed the development of software,” Zeef told Techcrunchw. “While these tools accelerate the development of both developers and beginners with experience, they often lack the critical thinking and governance necessary to capture hidden security defects … OX liberates the time of developers, allowing them to focus on innovation, while improving the general security position of the organization simultaneously.”

ZIV claims that OX analyzes more than 100 million lines of code per day for about 200 customers, including Etoro, Sofi and two of its investors, Microsoft and IBM.

“Our customer base from Fortune 10 companies extends to small and medium -sized companies,” Zif said. “We also calculate military and government entities as clients, as well as federal agencies.”

According to ZIV, OX’s new capital will be placed on growth and expansion, as 150 employees are running on the market share against competitors such as SNYK, Veracode, Synopsis and CheckMarx. OX generates about $ 10 million of repeated annual revenues-the number that ZIV expects will double by the end of the year-and plan to be positive for cash flow during the next 2-3 years.

“We want to put ourselves in order to succeed in the long run, and in this way we can focus on limiting the greater goals and reaching our greater goals.” ))