CTO2B, a Vilnius-based startup offering a SaaS platform for automated DevOps on cloud infrastructure, has successfully closed a €1 million pre-seed funding round led by Practica Capital, with participation from FIRSTPICK and several business angels. The company’s platform aims to simplify infrastructure management for businesses by eliminating the need for specialized cloud infrastructure skills, enabling engineering teams to focus on core business features. CTO2B plans to use the funding to further develop its platform, optimize cloud costs, ensure high availability and scalability, and simplify security and compliance adherence for its customers.
CTO2B specializes in cloud services and DevOps automation. Their platform aims to simplify cloud infrastructure management for businesses by providing automated tools and solutions. They offer services such as cloud workload automation, Application GitOps, application health monitoring, and an application delivery & compliance engine. CTO2B’s goal is to streamline the adoption of cloud services and DevOps practices, making them more accessible and efficient for businesses of all sizes.
“We saw a need to break free from the cycle of solving the same infrastructure problems for every new company,” states Andrius Bagdonavičius, co-founder of CTO2B. “CTO2B was born from the desire to share our expertise and streamline DevOps for businesses on any cloud platform.”
“Andrius and Aleksej have built strong domain expertise working in demanding banking and fintech sectors,” says Arvydas Bložė, partner at Practica Capital. “We have made a high conviction bet on the infrastructure-as-a-code solution with strong demand pull from the market.”
“FIRSTPICK shares the view on the DevOps industry’s needs and challenges, such as cloud computing growth, data security and compliance, complexity of cloud migration and in general skills gaps. This is why we are excited to back the CTO2B team which brings years of experience and knowledge in the field,” comments Dmitrij Sosunov, partner at FIRSTPICK.
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