OpenRefactory, Inc.

Startup Bangladesh Limited, the flagship venture capital company of the ICT Division, announced that it has invested BDT 1 crore in OpenRefactory, Inc., an Application Security company, in Pre-Series A round.

An agreement was signed recently between the organizations in Dhaka in the presence of Startup Bangladesh Chairman & Secretary of the ICT division MD. Shamsul Arefin, Managing Director Sami Ahmed, Head of Portfolio Investment Hasan A. Arif, and Mushfique Manzoor, Managing Director of OpenRefactory and other stakeholders.

OpenRefactory is the 1BIG Winner of Bangabandhu Innovation Grant 2021.

OpenRefactory protects companies from the security vulnerability and risks of software failure. OpenRefactory’s flagship product, Intelligent Code Repair (iCR), detects security, reliability, and compliance bugs in source code with high precision and automatically synthesizes fixes that can be readily applied.

Startup Bangladesh, in its effort to build a vibrant startup ecosystem that nurtures digitalization, has been investing in the most promising and impactful startups in Bangladesh and has continued that tradition by investing in OpenRefactory.

Kona Software Lab Ltd., a subsidiary of Kona I of South Korea and a leading software development company of Bangladesh has selected OpenRefactory’s Intelligent Code Repair (iCR) to protect its and its clients' software and platforms from catastrophic risk of failure. OpenRefactory’s iCR will help Kona Software Lab identify security, reliability and compliance issues in the software with high precision and fix the issues.
Kona Software Lab is a leader in custom software developments and boasts MNC clients at home and abroad while OpenRefactory, Inc. is a Silicon Valley based deep-tech software startup with proud Bangladeshi roots.

Mushfique Manzoor, Co-founder and Managing Director of OpenRefactory, Inc. and Shah Ali Newaj Topu, Executive Vice President, Engineering of Kona Software Lab Limited signed the Software License Agreement on behalf of their respective companies.

Also present were Mr. Rana Sohel, Chief Commercial Officer, Mr. Hasan Mohammad Zahidul Amin, Senior Director Engineering; Mr. Zulfiker Rahman, Head of System Operations & Service Delivery of Kona Software Lab Limited. From the OpenRefactory side, Mr. Atiquer Rahman, Software Engineer and Mr. Avijit Barua, HR Specialist were present.

H.E. Jeremy Bruer, High Commissioner of Australia in Bangladesh was briefed by our Managing Director Mushfique Manzoor on how Intelligent Code Repair (iCR), the flagship SAST tool built by OpenRefactory, the 1BIG Champion, is protecting companies around the world including Australia from catastrophic risks of software failure during the former's visit to iDEA co-working space at ICT Tower in Dhaka yesterday. Mr. Zunaid Ahmed Palak, Hon'ble State Minister for ICT of the Govt. of People's Republic of Bangladesh was also present during the visit.

iCR detects Log4Shell in Log4J. iCR detects Text4Shell in Apache Commons Text. No other bug detection tool is capable of detecting these complex bugs that may cripple your business. Contact us at info_at_openrefactory_d0t_com.

Apache Common Text Remote Code Ex*****on (RCE) vulnerability detected by iCR for Java. Read the blog post at https://www.openrefactory.com/the-vulnerabilities-are-coming-the-vulnerabilities-are-coming/

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