SECURITY
SECURITY
SECURITY
Developer security operations startup OX Security adds IBM to its investor list
Developer security operations startup OX Appsec Security Ltd. announced today that it has received an investment of an undisclosed amount from IBM Ventures.
Founded in 2021 by Neatsun Ziv and Lior Arzi, both veterans of Check Point Software Technology Ltd.’s security division, OX Security offers an end-to-end security solution designed to prevent attacks across the software supply chain.
As noted when the company last raised funding in September, OX Security has developed an entirely new software security standard known as the Pipeline Bill of Materials that has been designed to assist enterprises in better securing their software supply chains. The PBOM standard is based on the “software bill of materials” that declares the inventory of components used to build an application.
In the company’s own words, it’s building “the first holistic software supply chain security solution — going beyond the CI/CD or SDLC and providing visibility, automation and risk insights from Code-to-Cloud-to-Code.” In doing so, OX aims to make software supply chain security processes effortless for security teams to manage and easy for developers to adopt.
“This investment from IBM is proof that OX’s holistic security solution for today’s modern software supply chains is the right solution at the right time,” Neatsun Ziv, co-founder and chief executive of OX Security, said in a statement. He added that OX will work closely with IBM and the team at its Red Hat unit, helping enterprise customers bake security into product development.
OX Security has raised about $34 million to date, not including the IBM round, according to data from Crunchbase. Previous investors in the company include Intel Ignite Fund L.P., Evolution Equity Partners LLC, M12 LLC, Rain Capital LP and Team8 Capital Partners LP.
The company was last in the news in May when it launched OX-GPT, a ChatGPT integration to improve software supply chain security. The integration offers developers customized fix recommendations and cut-and-paste code fixes, providing for quick remediation of critical security issues across the software supply chain.
Image: OX Security
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