Ox Security, a platform that identifies vulnerabilities in both AI-generated and human-written code, has secured a fresh $60 million in Series B funding. The round, led by Deutsche Telekom Capital Partners (DTCP), also saw participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. This investment brings the company's total funding to $94 million. Founded in 2021 by Neatsun Ziv and Lior Arzi, Ox Security operates from both New York and Tel Aviv. The co-founders, both software and IT engineers, previously worked together at Check Point, where they specialized in threat prevention products. Ox Security's platform is designed to benefit both security teams and developers by offering comprehensive tools to scan and secure code across various applications and supply chains. It can model potential threats, recommend fixes, facilitate code reviews, and generate executive reports that detail breaches and their likely causes. According to Ziv, "Over the past year, AI has significantly transformed software development. While these tools can speed up development for both experienced and novice developers, they often lack the critical thinking and judgment required to identify subtle security flaws. Ox helps developers focus on innovation while enhancing the organization's overall security posture." The platform currently analyzes over 100 million lines of code daily for around 200 customers, including high-profile names like eToro, SoFi, Microsoft, and IBM. Ziv notes that their client base is diverse, ranging from Fortune 10 companies to small and medium-sized businesses, and includes military, government, and federal agencies. This latest funding round will be used to fuel growth and expand the company's market presence. Ox Security is currently generating approximately $10 million in annual recurring revenue, a figure that Ziv expects to double by the end of the year. The company aims to achieve cash-flow positivity within the next 2 to 3 years. "We’re positioning ourselves for long-term success," Ziv explains. "This capital infusion allows us to scale our operations and reach our ambitious goals. Over the past year, we have seen substantial revenue growth, and the offers we received indicate that investors believe in our vision and capabilities." With a team of 150 employees, Ox Security is competing against established players in the cybersecurity market, such as Snyk, Veracode, Synopsys, and Checkmarx. Despite the competition, Ziv remains confident in their unique value proposition, particularly in addressing the burgeoning use of generative AI in software development. "AI tools are becoming increasingly popular, but they can introduce new security risks," Ziv adds. "By integrating AI into our own platform, we can help organizations mitigate these risks effectively." As the demand for secure code continues to grow, Ox Security is well-equipped to meet the challenges and opportunities ahead, leveraging its robust funding and growing customer base to establish a strong foothold in the industry.