Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures. Genezio will use the funds to implement the go-to-market strategy and develop enterprise features, as current use cases include web, mobile, blockchain, AI, and automation apps.
This is the first investment made by GapMinder Ventures from their second fund. The investment was made together with Underline Ventures and a group of angel investors.
The Romanian startup reunites part of the former leadership team at VectorWatch and Fitbit: serial entrepreneur Andrei Pitis as CEO, former UiPath-er Bogdan Ripa as CPO, and Bogdan Vlad as CTO, joined by Paula Cionca as CMO.
They got together united by the belief that tools like Copilot and ChatGPT will help programmers write code, and their expectations for the cloud platforms will be changing forever. The idea they had was to build a platform that offers a simpler approach to coding and deployment, making it easier for LLMs to generate the code for both the front-end and the back-end. This will reduce time to market and cloud costs.
Thousands of developers used the platform, already in beta, over the last three months. Many of them reported reduced time to market for their apps, sometimes by an order of magnitude. They say it takes only 5 minutes from the start to the first relevant line of code and 2 minutes to deploy their app to production. If you add the time needed to generate the code with LLM, you can write and deploy a simple app in a matter of hours instead of days.
“Designed from the ground up to be future-proof, Genezio will save precious time for the millions of AI-enabled developers of the future. The robust deployment platform and type-safe calling mechanism maximize developer productivity and reduce the number of bugs. The developers of the future use LLMs to generate code, while Genezio takes care of the rest - deployment, automated testing, and hosting at scale” stated Andrei Pitis, CEO and co-founder of Genezio.
They expect to grow the user base by increasing marketing investments to reach more programmers in their target markets (English-speaking countries). They are also investing in training solution providers and partners to help increase enterprise sales.
“Genezio is operating on a paradigm shift - their products and services are transformative for the developer tools environment. Its vision and state-of-the-art technology help developers and enterprises to drastically speed up the implementation of new and fully automated ways to test and deliver their own code”, said Cosmin Ochisor, Partner - GapMinder Ventures.
The information provided by KomuniK
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
