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
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
