# Grit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grit

- Industry: Software
- Headquarters: New York, US
- Website: www.grit.io
- Total disclosed funding: $7M
- Latest round: Seed (Aug 15, 2023)
- Investors on record: 10

## About

Based in New York, US, and founded in 2022, Grit operates as an artificial intelligence code cleanup startup that offers a platform that automatically fixes technical debt. The platform offers static analysis tools with machine learning. As of 2023, the company is led by its founder and CEO, Morgante Pell. In August 2023, Grit raised USD 7 million in seed funding co-led by investors Abstract Venture and Founders Fund, with participation from other investors 8VC, A* Capital, AME Cloud Ventures, CoFound Partners, Operator Partners, Quiet Capital, SV Angel, and Uncorrelated Ventures. 

The company engages in operating within the domain of artificial intelligence code enhancement and introduces an AI-driven solution with the purpose of optimizing the software maintenance workflow. Its platform facilitates the automation of comprehensive migrations and provides AI-guided improvements to code architectures. Through the utilization of machine learning and static analysis, Grit's technology generates pull requests autonomously, with the specific aim of addressing the technical deficiencies associated with software development. 

The company generates its revenue from its data migration platform catering to teams and enterprises, offering accessibility for groups of up to 20 developers.

The company intends to use the funding from August 2023 to expand Grit. Previously in a private beta, the company has now moved to a public beta with the new funds. This fund will help grow operations and improve development efforts, aiming to support more programming languages.

## Funding rounds

- Seed, Aug 15, 2023, $7M — Founders Fund, SV Angel, AME Cloud Ventures, 8VC, Abstract Ventures, Quiet Capital, CoFound Partners, Uncorrelated Ventures, Operator Partners, A* Capital

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- CoFound Partners (https://capitalatlas.ai/funds/cofound-partners) — Seed
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Seed
- Operator Partners — Seed
- A* Capital — Seed