Oxeye, a technology innovator in cloud-native application security testing, has closed a $5.3 million seed financing round led by MoreVC, a seed-stage venture capital fund in Israel, the company announced this week. The latest round includes support from i3 Equity Partners, and other cybersecurity focused investors as the company prepares to protect the world's most popular Web applications with next-generation cloud-native Application Security Testing.
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With headquarters in Israel, Oxeye was founded by Dean Agron and Ron Vider, who both have over a decade of experience in application and cloud security. Oxeye leverages the abilities of cloud native and building a structured solution that combines best-of-class features into a single solution. The new funding will be used to complete product development, increase mindshare around the company's novel approach, and expand sales, marketing and operations.
Currently in Beta, the Oxeye security testing solution is built for AppSec, Dev, and DevOps teams, helping to shift security left while accelerating development cycles, reducing friction, and eliminating risks.
"We are thrilled to add Oxeye to our growing successful cybersecurity portfolio. The founding team at Oxeye brings together a rare combination of deep expertise and youthful daring, and has developed an elegant solution for cloud native application security," said Jack Levy, Co-founder and Partner at MoreVC. "With modern applications entering the market by the millions, developers and AppSec professionals will require higher grade application security that presents a limited impact on DevSecOps and ensures a positive customer experience. Oxeye is on track to bring this advanced brand of security to the world."
