Jit, an Israeli startup whose platform is designed to simplify product security for developers, has emerged from stealth and completed a $38.5 million seed funding round, the company announced Wednesday.
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David Melamed, CTO of Jit, said, "Cybersecurity leaders are adding more tools, faster than their teams are able to implement, tune and configure them to the point where risk spend efficiency becomes out of alignment.
According to Melamed, "Jit streamlines technical security for engineering teams versus the practice of compliance checkboxes – all while reducing spend. We deliver the simplest approach to implementing DevSecOps where product security is delivered as a service into the CICD pipeline, with a product security plan that follows Git principles, translated to a language developers understand – code."
Jit has also launched a free beta version which automates product security – translating complex security plans from written documents and spreadsheets into living security plans-as-code stored in GitHub.
The seed funding round was led by boldstart ventures, with participation from Insight Partners, Tiger Global Management, and strategic angel investors. The company came out of FXP, a new Boston-Israel startup venture studio.
