Security Experts:

Jit Banks Massive $38.5 Million Seed Round Funding

Jit, an Israeli startup promising technology to help developers simplify security when deploying cloud apps, has banked an eye-opening $38.5 million in seed-stage funding.

The funding round was Boldstart Ventures. Venture capital outfit Insight Partners and Tiger Global Management also invested.

The $38.5 million round is abnormally high for seed-stage funding and signals a strategic shift to make bigger bets on early stage companies with brand-new products and no significant revenue stream.  

Jit, launched less than a year ago, describes itself as a “Product-Security-as-a-Service platform for modern engineering teams with a DevOps mentality.”   The company said its technology can be used to convert security plans from static documents and spreadsheets into living and continuously running code in repositories. 

In a note announcing the funding, Jit said its self-serve platform for open source and cloud security tools can provide a simplified way of bringing security into DevOps.

Jit said it will use the investment to speed up product development and expand its integration and support for open source security controls. 

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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. Ryan is a veteran cybersecurity strategist who has built security engagement programs at major global brands, including Intel Corp., Bishop Fox and Kaspersky GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan's past career as a security journalist included bylines at major technology publications including Ziff Davis eWEEK, CBS Interactive's ZDNet, PCMag and PC World. Ryan is a director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world. Follow Ryan on Twitter @ryanaraine.