Grit, a startup that uses artificial intelligence to help businesses maintain their software more efficiently, has exited stealth mode and raised USD 7 million.
The Founders Fund and Abstract Ventures jointly led the funding round. Companies update the code of their applications on a regular basis to pay off “technical debt.” Fixing inefficient code takes up a significant portion of software teams’ workdays. The task will be expedited, according to an AI platform created by New York-based Grit.
The startup claims that its platform can identify technical debt in an application’s code base and generate new, more effective code to replace it.