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OX Security Named to Lightspeed and Fortune “Cyber 60” List of Top VC-backed Early-Growth Cybersecurity Companies 

OX Security is excited to share that Fortune and Lightspeed Venture Partners have named OX Security to the Cyber 60, recognizing us as one of the fastest-growing, venture-backed companies in cybersecurity! This award highlights our mission to drive meaningful change for businesses facing today’s toughest challenges in application and software supply chain security. This award is extremely rewarding as it underscores what our clients have already experienced firsthand: that OX Security provides a comprehensive, scalable, and highly effective approach to managing software supply chain risks and securing application development lifecycles.

AppSec in the spotlight

The award recognition is accompanied by the 2024 Lightspeed CISO survey, which details the top priorities and concerns of more than 200 CISOs worldwide. Nearly half of respondents said that application security is a “very important spending priority.” Given OX’s momentum in the marketplace, we know that buyers feel the same.

In response to this prestigious designation, Amir Zilberstein, Managing Partner at Team8, said, “As cyber threats grow more sophisticated, OX Security is innovating the future of Application Security Posture Management. By delivering end-to-end visibility and automation, OX empowers teams to secure every layer of their application infrastructure with confidence and agility. Supporting them on this journey from the start, we are proud to see them receive this significant recognition.”

Karthik Subramanian, Partner and Evolution Equity Partners said, “I’m continually impressed by the momentum and rapid innovation happening at OX Security. Their commitment to revolutionizing the AppSec landscape is evident in the pace they’re setting, tackling critical security gaps with unprecedented agility and focus. I believe OX’s forward-thinking approach will fundamentally reshape the way organizations secure their applications, making them a true game-changer in the industry.”.

Bullish on AppSec

OX’s bullish commitment to AppSec innovation has resulted in the industry’s most advanced ASPM solution. OX goes beyond simple aggregation and correlation, offering a powerful AppSec Data Fabric underpinned by 10 proprietary scanning solutions. In one single solution, the power of 10, combined with API connections to over 100 top industry tools, results in comprehensive visibility and manageability that is unmatched in today’s marketplace. 

The real differentiator, however, is OX’s contextual reachability analysis, which reduces the “noise” from low-priority alerts by 97%. By removing distractions, AppSec and development teams are empowered to focus their effort where it matters most —  on mitigating business-impacting risk across the board, from code to cloud. 

Using automation and deep contextual analysis to multiply human efforts, organizations can eliminate manual AppSec and get back to the business of quickly deploying software that is free from critical vulnerabilities. 

Guiding principles

With a laser focus on momentum, innovation, and affecting substantive change in application and software supply chain security, the whole team at OX is excited to receive this honor from Fortune and Lightspeed. We also need to say a heartfelt “thank you” to our customers and design partners, without which we could not have arrived at this (early) stage in our journey. But this award, along with the others we have (gratefully) received, reflects only the beginning. So much more is yet to come from the OX team. We promise to keep pushing boundaries in AppSec, and have even bigger innovations on the near horizon. Will you join us on this adventure?

gartner hype cycle 2024

Gartner® Hype Cycle™ for Application Security, 2024

You Will Learn:

  • Why It Matters
  • Business Impact
  • Recommendations
  • Drivers
Read the full report

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