Icinetic, a Seville, Spain-based developer of a product to speed up software development for several programming platforms, raised €655k in funding.
The round was led by Caixa Capital Risc.
The company plans to use the funds to strengthen its marketing department and for global expansion.
Created in 2006 as a spin off of the University of Seville and is led by Lucas Gozálvez, Icinetic has created Radarc, which is a tool that aims to automate the production of professional software, improving software development processes in both time and quality.
It is based on Microsoft’s .NET architecture.
Launched in February 2012. Radarc has obtained over 4,000 users and sales of over €500k in its first year in the market.
Clients include Endesa, Microsoft, Indra, etc.