Oxeye Raises $5.3 Million in Seed Round  

by Kay Aloha Villamor in November 3rd, 2021

Oxeye, a Tel Aviv, Israel-based technology innovator in cloud-native application security testing, announced the closing of a $5.3 million seed financing round led by MoreVC, a seed-stage venture capital fund in Israel. 

The latest round includes support from i3 Equity Partners, and other cybersecurity-focused investors as the company prepare to protect the world’s most popular Web applications with next-generation cloud-native Application Security Testing.

The new funding will be used to complete product development, increase mindshare around the company’s novel approach, and expand sales, marketing, and operations.

Company: Oxeye Security Ltd

Raised: $5.3M

Round: Seed Round

Funding Month: November 2021

Lead Investors: MoreVC 

Additional Investors: i3 Equity Partners

Company Website: http://www.oxeye.io/

Software Category: Cloud-native application security testing solution

About the Company: Oxeye provides a cloud-native application security testing solution designed specifically for modern architectures. The company enables customers to identify and resolve the most critical code vulnerabilities as an integral part of the software development lifecycle disrupting traditional application security testing (AST) approaches by offering a contextual, effortless, and comprehensive solution that ensures no vulnerable code ever reaches production. Built for Dev and AppSec teams Oxeye helps to shift security to the left while accelerating development cycles, reducing friction, and eliminating risks. 

Source: https://www.einnews.com/pr_news/555280608/oxeye-emerges-from-stealth-raises-5-3m-in-seed-funding-led-by-morevc

 


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