Oxeye

Company Overview

Snapshot

Founded in January 2021 by Dean Agron and Ron Vider, Oxeye was a cybersecurity firm with 11–50 employees. The company raised $5.3 million across one funding round from four investors, including lead investor MoreVC. Oxeye was acquired by GitLab in March 2024.

Business overview

Oxeye developed a cloud-native application security platform designed to help organizations build secure applications with confidence. Its core technology intelligently aggregates and correlates data from various security scanners across the Software Development Life Cycle (SDLC). The platform generates contextual exploitation graphs for vulnerabilities, aiming to eliminate over 90% of non-exploitable threats. Oxeye served the enterprise and professional services markets, specifically targeting software development and software testing within the cyber security sector.

Strategic signal

Oxeye's acquisition by GitLab in March 2024 for an estimated $30-40 million signifies a strategic consolidation in the cloud security market. This move allows GitLab to integrate Oxeye's application security posture management capabilities, enhancing its DevOps platform and offering more comprehensive security solutions to its customer base. For investors, this acquisition validates Oxeye's technology and market position, highlighting the increasing demand for robust application security within the software development lifecycle.

Company Intelligence Q&A

What was the most significant recent corporate event for Oxeye?

Oxeye was acquired by GitLab in March 2024 for an estimated $30-40 million, leading to its current inactive status.

When was Oxeye founded and by whom?

Oxeye was founded in January 2021 by Dean Agron and Ron Vider.

What was Oxeye's total disclosed funding before its acquisition?

Oxeye raised $5.3 million in a Seed funding round in November 2021. This was the company's only disclosed funding round before its acquisition by GitLab in March 2024.

Which investors participated in Oxeye's funding round?

Oxeye's Seed funding round in November 2021 included investments from lead investor MoreVC and i3 Partners.

Has Oxeye identified any significant security vulnerabilities?

In July 2023, Oxeye discovered critical security vulnerabilities in Owncast and EaseProbe, two open-source platforms, and provided remediation steps. In November 2022, Oxeye also identified a critical security vulnerability in a Spotify Backstage third-party module.