Ringhel, a Romanian software company specializing in the electricity and gas industry, hit its EUR 400,000 target funding on the first day of a planned 30-day financing session on the local crowdfunding platform SeedBlink.
Moreover, the company increased the offer to EUR 500,000 amid high interest from investors.
The company's main project is PROCESIO, a platform that allows people with no coding experience to use ready-made software blocks and develop applications, Ziarul Financiar reported.
"The SeedBlink funding will allow us to continue developing the PROCESIO project at an accelerated pace and prepare it for the commercial launch in March 2021. From discussions so far with several potential investors, we know that interest in the technology we are developing is high," said Ringhel CEO Mihai Darzan.
PROCESIO's low-code / no-code system represents a global trend that will shape the future of the software industry currently facing an acute lack of human resources. According to various studies conducted globally, it would take 50 years from now for all global software needs to be met with the IT workforce currently available worldwide.
Ringhel is a Romanian born software company that has already developed a complex suite of applications for the management of power and gas operators' activity.
(Photo source: the company)