Jit, a Tel Aviv, Israel-based provider of a platform simplifying product security for developers, raised $38.5m in seed funding.
The round was led and participated by boldstart Ventures, Tiger Global Management, strategic angel investors, and others.
The funds will be used to expand the company’s operations and to support its development efforts.
Founded in 2021 by David Melamed, Aviram Shmueli, as well as FXP’s Gil Zimmermann, Ron Zalkind, and Tsahy Shapsa, Jit has just launched a free beta version of its platform which automates product security – translating complex security plans from written documents and spreadsheets into living security plans-as-code stored in GitHub – enabling engineering teams to own product security as part of their DevOps pipeline.
The company also announced that Abby Kearns, a technology executive with deep experience in cloud native and open source technologies, has joined the company’s advisory board. Kearns was previously the CTO of Puppet and was also the CEO of Cloud Foundry Foundation.