Deep Tech LogicStar AI, spin-off from Bulgarian INSAIT and ETH Zurich, secured €2.9 million in pre-seed funding round, led by European VC firm Northzone, with angel investors from DeepMind, Fleet, Sequoia scouts, Snyk, and Spotify also joining the round.
👯 Founding team: Boris Paskalev, Dr. Mark Niklas Müller, Prof. Martin Vechev, Veselin Raychev
📅 Founding year: 2024
🏭 Industry: AI & Software Maintenance
💥 Problem: Traditional AI agents and human developers struggle with maintaining code fidelity and resolving software bugs efficiently.
📣 Solution: AI agents that autonomously maintain software applications by identifying and fixing bugs, complementing existing AI development agents.
👥 Customers: Developers and software companies needing efficient code maintenance
🌱 Stage: Pre-seed
💰 Investment amount:€2.9M
🚀 Funded by: European VC firm Northzone, with angel investors from DeepMind, Fleet, Sequoia scouts, Snyk, and Spotify
👁️🗨️ Investor’s perspective: Michiel Kotting, partner at Northzone, said: “AI-driven code generation is still in its early stages, but the productivity gains we’re already seeing are revolutionary. The potential for this technology to streamline development processes, reduce costs, and accelerate innovation is immense. and the team’s vast technical expertise and proven track record position them to deliver real, impactful results. The future of software development is being reshaped, and LogicStar will play a crucial role in software maintenance.”
💡 It will be spent on: Developing a model-agnostic platform using LLMs to maximize AI agent utility in maintaining deployed code.
💬 In their own words: “Even the best models and agents are unable to resolve the majority of bugs… We’re building assuming large language models are there and focusing on extracting the maximum business value from them.” — Boris Paskalev, CEO & Co-founder
💪 Their specialty: Building AI agents for automatic code maintenance and leveraging model-agnostic approaches for efficiency.
🔑 Business model: B2B AI platform for software maintenance automation
👩🏫 Market: Software development and maintenance
📊 Traction: Previous entrepreneurial success — co-founder Boris Paskalev sold DeepCode to Snyk in 2020.
⚡Competitors: Cognition AI
