CTO2B, a Vilnius, Lithuania-based startup offering a SaaS platform for automated DevOps on cloud infrastructure, has closed €1 million in a pre-seed funding round.
Investors
The round was led by Practica Capital, with participation from Firstpick and several business angels.
Founded in 2011, Practica Capital is a venture capital firm based in Vilnius, Lithuania. The firm prefers to invest in seed-stage and selected pre-seed and A-stage technology companies and founders in the Baltic States.
CTO2B Use of Funds
The company will use the funds to fuel its platform development and market expansion.
About CTO2B
Founded by Andrius Bagdonavičius and Aleksej Trofimov, CTO2B specializes in automated cloud deployment and DevOps services for various business sectors. The company offers a SaaS platform for automated DevOps on cloud infrastructure. Its platform enables businesses, particularly in the Fintech and SaaS sectors, to gain a competitive advantage by streamlining their DevOps processes. By eliminating the need for specialized cloud infrastructure skills, CTO2B empowers businesses to focus on core development, optimize cloud costs, and ensure high availability and scalability.
Funding Details
Company: CTO2B UAB
Raised: €1.0M
Round: Pre-Seed Round
Funding Month: April 2024
Lead Investors: Practica Capital
Additional Investors: Firstpick
Company Website: https://cto2b.eu/
Software Category: Automated DevOps
Source: https://www.eu-startups.com/2024/04/vilnius-based-cto2b-secures-e1-million-pre-seed-to-automate-devops-on-cloud-infrastructure/