OX Security has secured $60 million in Series B funding led by DTCP, aiming to enhance product innovation and redefine risk management in application security.

Target Information

OX Security, a leading innovator in the Application Security sector, has successfully raised $60 million in Series B funding. This funding round was led by DTCP, with additional investments from notable organizations including Swisscom, IBM, Evolution Equity, and Team 8. With this new capital, OX Security aims to significantly enhance its product innovation and expand its global presence while supporting enterprises in transitioning from a reactive security approach to one focused on measurable risk reduction.

In the past year, OX Security has achieved $10 million in sales and tripled its customer base, establishing itself as one of the fastest-growing companies in the cybersecurity domain. The urgent need for improved application security arises from the growing concerns that conventional AppSec tools are inadequate, overwhelming teams with excessive alerts without effectively prioritizing genuine risks. This creates inefficiencies, causing organizations to misallocate time and resources, ultimately leaving them vulnerable to real threats.

Industry Overview

The application security industry is undergoing significant transformations as organizations increasingly recognize the inadequacies of traditional security measures. Rapid technological advancements and the evolving landscape of cyber threats have propel