OX Security, an Israeli startup that specializes in supply chain security solutions, recently announced that it has received an investment from IBM, a leading hybrid cloud and AI company. IBM, which is also the parent company of Red Hat, the world’s top provider of enterprise open-source solutions, aims to collaborate with OX Security to expand the frontiers of software supply chain security and create value for developers of cloud-native solutions.
Established in 2021, OX Security is working on building the first holistic software supply chain security solution. Their approach goes beyond the traditional CI/CD (Continuous Integration/Continuous Deployment) or SDLC (Software Development Life Cycle) frameworks. OX provides visibility, automation, and risk insights from Code-to-Cloud-to-Code, offering security teams an effortless way to manage software supply chain security processes and making it easy for developers to adopt. By standardizing to the Open Software Supply Chain Attack Reference (OSC&R) framework, OX ensures continuity and cohesiveness, which is often lacking in many security strategies.
Neatsun Ziv, Co-founder and CEO of OX Security, expressed his excitement about the investment from IBM and stated that their holistic security solution is timely and well-suited for today’s modern software supply chains. He also mentioned that they are looking forward to working closely with IBM and Red Hat to help enterprise customers incorporate security into their product development processes. The goal is to ensure the integrity of every software build, rapidly remediate critical risks, and release secure products with confidence.
IBM has been actively contributing to open-source ecosystems for over two decades. As more than 75% of applications consist of open-source code, it is crucial for organizations to determine the trustworthiness of the dependencies, tools, and infrastructure used in each project. Professor Yaron Wolfsthal, Head of IBM’s Security Center of Excellence in Israel, emphasized that OX’s holistic approach and their leadership in standardizing software supply chain risks align with IBM’s commitment to enhancing the security of the open-source ecosystem.
Ben Daniels, Partner at IBM Ventures, emphasized the importance of software supply chain security in cloud-era application development. He stated that IBM’s investment in OX further emphasizes this significance. By investing in OX Security, IBM aims to advance the successful adoption of DevSecOps practices, showcasing their commitment to enabling secure and efficient software development practices.
OX Security recently showcased its solution, running as a Red Hat OpenShift operator, at Black Hat 2023 in Las Vegas. The collaboration between OX Security and IBM aims to further accelerate the adoption of DevSecOps practices among developers. IBM joins the existing investors who participated in OX Security’s $34 million seed round announced in September 2022.
About OX Security, the company believes that security should be an integral part of the software development process rather than an afterthought. Co-founded by Neatsun Ziv and Lior Arzi, former leaders of Check Point’s Security Division, OX provides security and engineering teams with the necessary visibility, prioritization, and automated remediation to ensure security and integrity across every step of the software supply chain. Their aim is to enable the release of secure products on time. For more information, visit www.ox.security.
IBM, on the other hand, is a leading provider of global hybrid cloud and AI solutions, along with consulting expertise. They assist clients in capitalizing on data insights, streamlining business processes, reducing costs, and gaining a competitive edge in their respective industries. More than 4,000 government and corporate entities in critical infrastructure areas rely on IBM’s hybrid cloud platform and Red Hat OpenShift to drive digital transformations quickly, efficiently, and securely. IBM’s groundbreaking innovations in AI, quantum computing, industry-specific cloud solutions, and consulting provide open and flexible options to clients worldwide. For more information, visit www.ibm.com.
Red Hat, the world’s top provider of enterprise open-source software solutions, utilizes a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. They help customers integrate new and existing IT applications, develop cloud-native applications, standardize on their industry-leading operating system, and automate, secure, and manage complex environments. Red Hat’s award-winning support, training, and consulting services have positioned them as a trusted advisor to Fortune 500 companies. They serve as a strategic partner to cloud providers, system integrators, application vendors, customers, and open-source communities, helping organizations prepare for the digital future. For more information, visit www.redhat.com.