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 Chief Product Officer (CPO), and Bogdan Vlad as Chief Technology Officer (CTO), joined by Paula Cionca as Chief Marketing Officer (CMO).
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 five 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.