OX Security, an Israeli CyberTech startup established in 2021, has secured a notable investment from IBM Ventures.
The company, known for its leadership in software supply chain security and its foundational role in the Open Software Supply Chain Attack Reference (OSC&R), has taken this step to further consolidate its position in the industry.
The exact amount invested by IBM, a leading hybrid cloud and AI enterprise and the parent company of Red Hat, the premier provider of enterprise open source solutions globally, hasn’t been disclosed. Nevertheless, this move signifies the intent of both parties to join forces and push the boundaries of software supply chain security, aiming to deliver unmatched value for developers specialising in cloud-native solutions.
Taking a step beyond the conventional CI/CD or SDLC, OX Security offers an integrative approach to software supply chain security. It provides holistic visibility, automation, and risk insights spanning from Code-to-Cloud-to-Code. By blending the best practices from risk management and cybersecurity with an intuitive user experience, OX ensures that the software supply chain security processes are seamless for security teams and easily embraced by developers. OX’s alignment with the OSC&R framework further guarantees the consistency and integration often missing in many security strategies.
Neatsun Ziv, Co-founder and CEO of OX Security, expressed his enthusiasm about the collaboration, “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. We look forward to working closely with IBM and the team at Red Hat, helping their enterprise customers bake security into product development – ensuring the integrity of every software build, remediating critical risks quickly and releasing secure products with confidence.”
Speaking about IBM’s history and the importance of this partnership, Professor Yaron Wolfsthal, Head of IBM’s Security Center of Excellence in Israel, commented, “IBM has been contributing to open source ecosystems for over 20 years.
“With over 75% of applications consisting of open source code, it is critical that organisations be able to determine the trustworthiness of the dependencies, tools and infrastructure used in every project. OX’s holistic approach and its thought leadership in standardising software supply chain risks represents our commitment to help organisations improve the security of the open source ecosystem.”
Ben Daniels, Partner at IBM Ventures, also highlighted the significance of the investment, “With IBM’s investment in OX, we continue to emphasise the importance of software supply chain security as a key part of cloud-era application development.”
On a side note, OX Security had showcased their solution, running as a Red Hat OpenShift operator, in August at Black Hat 2023 in Las Vegas. There’s an evident eagerness between OX Security and IBM to cooperate, furthering the successful adoption of DevSecOps practices. Alongside this strategic collaboration, it’s worth noting that IBM joins the cohort of investors who previously funded OX Security’s $34m seed round in September 2022.
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