The company, which posted about EUR900,000 revenue in 2024, has specialized in the development of artificial intelligence-powered solutions over the last two years and is aiming for EUR1 million revenue in 2025, about 10% more year-on-year.
“In 2023, we set out to expand to Europe and in the second half of last year we started to see the results of these efforts. We now have three customers in The Netherlands and there are talks in progress in Türkiye and UAE. We estimate international customers will account for 50% of our revenue this year (…)” said Stefan Iorgulescu, founder and chief executive officer of Control F5.
“Finding customers in other countries takes time, but we estimate we will be developing internationally more and more because there is significant openness to implementation of AI-powered solutions, a field we have specialized in in the last two years.”
(English version by Loredana Fratila-Cristescu)