As “Vibe Coding” earns in popularity and technological companies push developers in their use to embrace the generative artificial intelligence tools, a platform that scans for vulnerabilities in the code generated by the AI has collected a new lap of funding.
The safety of the ox, which shapes the risk of A and Human production products, announced Wednesday to have closed a 60 million dollar series B. The round was led by DTCP with the participation of IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners and Team8, and brings the total of Ox has collected to $ 94 million.
Neatsun Ziv and Lior Arzi founded Ox based in New York and Tel in 2021. Software and profession engineers of profession, the couple met at Check Point, where they worked on the product lines for preventing the threats of the security company.
The OX platform, which Techcruncha has annoyed the last time in 2022, is aimed at both safety teams and developers, offering tools to scan the code in applications and protect the wider supply chain of a company. Ox can model threats and even recommend corrections, attend the revisions of the code and generate executive relationships that highlight violations and possible reasons that have occurred.
“In the last year, the IA has significantly transformed the development of the software,” ZIV said to Techcrunchw. “While these tools accelerate development for both developers and expert beginners, often lack critical thinking and judgment necessary to capture subtle safety defects … the ox frees the time of developers, allowing them to focus on innovation, simultaneously improving the general posture of the organization’s safety.”
ZIV says that Ox is analyzing over 100 million lines of code every day for about 200 customers, including Etoro, Sofi and two of his investors, Microsoft and IBM.
“Our customer base extends from Fortune 10 companies to small and medium -sized companies,” said Ziv. “We also count military and government bodies as customers, as well as federal agencies”.
Techcrunch event
Berkeley, ca.
|
June 5th
Book now
According to ZIV, the new capital of Ox will be growing and expansion since the startup of 150 employees competes for the market share against rivals such as Snyk, Veracode, synopsis and checkmarx. Ox is generating about $ 10 million in recurring annual revenues-a early figure that ZIV will double by the end of the year-E planns to be positive for the cash flow within the next 2-3 years.
“We want to position ourselves for long -term success and in this way we can focus on the reduction and achievement of our biggest goals,” said Ziv. “We have witnessed a significant growth in the revenue and received offers that give us the opportunity to make a leap forward. We thought it was the right time to take this step for the company.”
