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Application Security

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.

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. 

Related: Chainguard Bags Massive $50M Series A for Supply Chain Security

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Related: Nudge Security Bags $7M Seed Round

Related: LimaCharlie Banks $5.45 Million in Seed Funding

Related: Blockchain Security Startup Valid Network Raises $8 Million Seed Round

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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