Lithuanian tech company CTO2B successfully gains €1 million in funding to automate DevOps operations on various cloud platforms.
In a significant move for the DevOps industry, Lithuanian startup CTO2B has announced the successful closure of a €1 million Pre-Seed funding round. The funding round was led by Practica Capital, with FIRSTPICK and several business angels also participating.
CTO2B's platform, designed for automated DevOps on cloud infrastructure, aims to address the growing needs and challenges of the industry. These challenges include the rise of cloud computing, data security, compliance, complexity of cloud migration, and skills gaps.
The CTO2B platform offers a unified ITOps automation solution, encompassing Infrastructure as Code, AI-driven monitoring, and workflow automation. Its benefits include improved efficiency by freeing teams from repetitive tasks, enhanced reliability and uptime through faster incident detection and resolution, significant operational cost reduction by optimizing workloads and eliminating waste, better resource utilization, scalable automation across environments, and improved governance with standardized automations that reduce human error.
Arvydas Bložė, partner at Practica Capital, expressed his confidence in CTO2B's co-founders, stating that they have strong domain expertise. Andrius Bagdonavičius, another co-founder of CTO2B, explained that the platform was created to address the recurring infrastructure problems faced by new companies.
The platform operates on a customer's chosen cloud provider, automating infrastructure setup and ongoing maintenance. It delivers a well-architected framework that meets optimal security and compliance requirements, eliminating the need for specialized cloud infrastructure skills and freeing engineering teams from infrastructure management.
FIRSTPICK, sharing the same view on the industry's needs and challenges, is excited to back the CTO2B team due to their years of experience and knowledge in the field. The platform aims to share expertise and streamline DevOps for businesses on any cloud platform, positioning organizations to respond flexibly to business demands while driving operational excellence.
Companies often face challenges in building and maintaining their cloud infrastructure, spending millions in the process. With CTO2B's platform, these challenges may become a thing of the past, enabling IT operations teams to streamline core functions, accelerate incident response with AI-assisted workflows, and ensure consistent application of best practices.
- CTO2B's platform, which is designed for automated DevOps on cloud infrastructure and addresses challenges such as the rise of data-and-cloud-computing, cloud complexity, and skills gaps, also incorporates technology like Infrastructure as Code, AI-driven monitoring, and workflow automation.
- As companies increasingly leverage fintech solutions and data-and-cloud-computing, the CTO2B platform's unified ITOps automation solution, with its benefits like improved efficiency, enhanced reliability, significant cost reduction, and scalable automation across environments, could prove invaluable in optimizing IT operations and ensuring security and compliance on any cloud platform.
