Israeli Product Security Startup Jit Emerges From Stealth With $38.5M

Israeli product security startup Jit, emerged from stealth on Wednesday announcing the completion of a $38.5 million seed funding round and the launch of a free beta version of its automated product security. 

The round was led by capital market company boldstart ventures, alongside participation from investment firms Insight Partners, Tiger Global Management, as well as several strategic angel investors. Seasoned technology executive and cloud native expert Abby Kearns, will join the company’s advisory board.

Founded in 2021, Jit codifies and automates product security plans by grouping the security tools engineers frequently use across the full tech stack, which includes code, CI/CD, IaC, runtime, and APIs. This allows security to be easily integrated into DevOps workflow and is thus designed for modern engineering teams that want to establish product security and easily orchestrate their security tools for their cloud native applications from day one. The company emerged from Boston-Israel venture capital studio FXP. 

According to a report from Ponemon Institute, 41 percent of respondents say their organizations prioritize product security and that 50 percent claim to assess product security before they ship products to customers. 59 percent said that they have lost sales due to product security concerns.

“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,” David Melamed, CTO of Jit. “Creating a security plan or program is too time consuming for high velocity dev and product teams. 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.”

“It’s clear that many modern development organizations are shifting left and implementing a variety of security tools for developers,” said Ed Sim, founder and general partner at boldstart ventures. “With the proliferation of these solutions, what’s missing is an orchestration layer which unifies a variety of open source security tools while natively integrating the security as code experience into the developer workflow. Jit is the first solution that allows developers to easily embed minimal viable security from day zero resulting in security at the speed of code.”