- Egyptian startup Stakpak raises USD 500K pre-seed funding led by P1 Ventures, Digital Currency Group, 500 Sanabil, and Instabug’s co-founders.
- Founded in 2021, Stakpak develops AI-powered DevOps solutions to simplify infrastructure management and automate time-consuming tasks for developers.
- Stakpak plans to expand across the US and Egypt, with business operations in the US and engineering teams based in Egypt.
Stakpak
What happened? Egyptian startup Stakpak raised USD 500 thousand in a pre-seed round. The round was led by P1 Ventures, Digital Currency Group, 500 Sanabil, and the co-founders of Instabug Moataz Soliman and Omar Gabr.
Who are they? Founded in 2021 by George Fahim, Stakpak is a startup specializing in developing AI-powered DevOps solutions. With this, it aims to simplify infrastructure management for developers.
George Fahim in 2022, realized the potential of LLMs to help in writing code. Thus, Fahim and his team began to employ AI techniques to automate DevOps-related tasks which led to performance improvements.
The company initially charged customers per seat but has since shifted to a pay-per-request model. This allowed companies to integrate Stakpak’s APIs and even build internal tools on top of its platform.
DevOps
What will they do with the funding? With the funding, the startup aims to expand its teams across the US and Egypt. Furthermore, with a focus on the US market, Stakpak has its business and operations teams working out of the US while its engineering and product teams work out of Egypt.
Why does this matter? Stakpak’s AI-powered DevOps agent seeks to execute tasks in 50 minutes that would typically take a developer four hours. Furthermore, because DevOps is a critical need for companies, Stakpak aims to leverage its AI-powered solutions to help businesses save time and costs.
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