"FEYSH Tech" Completes Multi-Million Pre-A+ Funding for Advanced SAST Code Analysis, Unleashing Productivity.
SAST/DevSecOps
On January 9, 2024, "FEYSH Tech" announced the successful completion of a multi-million Pre-A+ funding round, led by Xiangcheng Financial Holdings with follow-on investment from BSTIG. The core team at FEYSH Tech, with a background from Shanghai Jiao Tong University's Computer Science Department, brings over a decade of expertise in cutting-edge academic research, product development, and project implementation in software security, previously honored with the Shanghai Science and Technology Progress First Prize.
FEYSH Tech is dedicated to developing code analysis tools that aid the entire R&D process, going beyond traditional SAST tools designed exclusively for security personnel. With a focus on breakthrough advancements in accuracy, usability, and intelligence in traditional static code analysis tools, FEYSH Tech aims to better serve various teams in the software development process.
Investor in this round, Xiangcheng Financial Holdings, stated, "FEYSH Tech not only successfully overcame the limitations of traditional code analysis tools in terms of accuracy, usability, and intelligence but also demonstrated significant advantages in the core product, Corax. Leveraging advanced program analysis technology and artificial intelligence capabilities effectively reduces false positives and false negatives, providing a notable edge in enhancing software security and quality. In today's digitally advancing landscape, such innovations not only meet the urgent market demands but also signify FEYSH Tech's immense potential in the future of code analysis."
Investor BSTIG in this round remarked, "The demand for software supply chain security products in China is continuously rising, with a strong trend towards domestic substitution. However, the development of static tools poses significant challenges, requiring high theoretical and engineering capabilities. Few domestically produced products possess high market acceptance. FEYSH Tech's product has received very positive user feedback and has a solid foundation for rapid expansion. We look forward to FEYSH Tech swiftly meeting domestic demands while simultaneously introducing its excellent products to the global market."