GitLab, a leading software development platform, has made a significant move in the realm of cloud security with its acquisition of Israeli startup Oxeye for an estimated $30-40 million. This strategic acquisition represents GitLab’s commitment to enhancing its security capabilities and marks its second acquisition in Israel, following the acquisition of Fuzzit in 2020.
Founded by Dean Agron and Ron Vider, Oxeye has developed cutting-edge technology focused on detecting and addressing vulnerabilities in code during the development stages of applications. Oxeye’s innovative security testing solution is tailored for AppSec, DevOps, and development teams, facilitating the early identification and mitigation of security risks. By shifting security left in the development process, Oxeye’s solution accelerates development cycles, minimizes friction, and eliminates potential vulnerabilities, thereby enhancing the overall security posture of applications.
The acquisition of Oxeye aligns with GitLab’s mission to provide comprehensive DevSecOps solutions that integrate seamlessly into the software development lifecycle. With Oxeye’s cloud-native application security testing solution, GitLab aims to address the challenges posed by the increasingly complex nature of modern architectures. By leveraging Oxeye’s technology, GitLab seeks to empower organizations to proactively identify and remediate security vulnerabilities throughout the software development process, thereby enhancing the resilience and security of their applications.
Despite being a relatively young startup, Oxeye has garnered significant attention and support from investors, raising over $10 million to date. Key investors include Dell Capital, Intel Capital, Merlin Ventures, MoreVC, i3 Equity Partners fund, and notable angel investors. This strong financial backing underscores the confidence in Oxeye’s innovative approach to application security testing and its potential to drive meaningful impact in the cybersecurity landscape.
For GitLab, the acquisition of Oxeye represents a strategic investment in strengthening its security capabilities and expanding its portfolio of offerings. By integrating Oxeye’s technology into its platform, GitLab aims to provide customers with a comprehensive suite of security tools and capabilities that empower them to build, deploy, and maintain secure software applications efficiently and effectively.
As organizations continue to prioritize cybersecurity in an increasingly digital and interconnected world, GitLab’s acquisition of Oxeye underscores its commitment to helping customers navigate the evolving threat landscape and build resilient, secure software solutions. With Oxeye’s technology now part of its arsenal, GitLab is well-positioned to deliver enhanced security outcomes and drive innovation in the realm of DevSecOps.