As “Vibe encoding” gains popularity, tech companies push developers toward using generated AI tools, which raises a whole new funding for scanning for vulnerability in AI-generated code.

OX Security announced Wednesday that OX Security has risks in both AII and human-made code, announcing the shutdown of the $60 million S Series B. The tire is led by DTCP and has increased to $94 million by IBM Ventures, Microsoft, Microsoft, Swisscom Ventures, Evolution Equity Partners, Evolution Equity Partners and Team8 and Team8 and Ox.

Neatsun Ziv and Lior Arzi founded OX in New York and Tel Aviv in 2021. Software and IT engineers through trade, the two met at Check Point, and at Check Point, where they worked on the security company’s preventive product line.

TechCrunch's last introduced in 2022, OX's platform targets security teams and developers, provides tools to scan code in applications and ensure a company's wider supply chain. OX can model threats and even recommends that you make fixes, assist with code reviews and generate execution reports to highlight violations and what may happen.

“In the past year, AI has greatly changed software development,” Ziv told TechCrunchw. “While these tools accelerate development for experienced developers and beginners, they often lack the critical thinking and judgment needed to capture subtle security flaws…OX frees up developers’ time to enable them to focus on innovation while improving the overall security posture of their organizations.”

ZIV claims OX analyzes over 100 million lines of code for 200 customers a day, including Etoro, Sofi and its two investors Microsoft and IBM.

"Our customer base spans Fortune 10 companies to small and medium-sized enterprises," Ziv said. "We also see military and government entities as clients as well as federal agencies."

According to ZIV, OX's new capital will expand towards growth and expansion as 150 employee startups compete with market share of competitors such as Snyk, Veracode, Surpopsis and CheckMarx. OX's annual recurring revenue is approximately $10 million - ZIV is expected to double by the end of this year and plans to be cash flow positive over the next 2-3 years.

“We want to position ourselves for long-term success so we can focus on scaling and achieving bigger goals,” Ziv said. “We have seen significant growth in revenue and received offers that give us a chance to move forward. We think now is the right time to take this step for the company.”