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