<ul><li>OX Appsec Security Ltd., a startup, has raised $60 million in a Series B investment round to enhance its technology.</li><li>The investment was led by DTCP and included participation from Microsoft Corp., IBM Ventures, Swisscom Ventures, Evolution Equity, and Team8, bringing OX Security’s total outside funding to $94 million.</li><li>OX Security developed a cloud platform utilizing artificial intelligence to identify urgent vulnerabilities that could lead to data breaches and offers remediation suggestions. Its annual recurring revenue has surpassed $10 million.</li><li>The company plans to use the funding to develop new features, improve AI models for assessing vulnerability severity, and expand its international presence.</li></ul>

Microsoft backs $60M round for application security startup OX Security

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