Stakpak Raises $500K in Pre-Seed Round | The SaaS News
Summary
The round was led by P1 Ventures, with participation from Digital Currency Group, 500 Sanabil, and Instabug co-founders Moataz Soliman and Omar Gabr.P1 Ventures is a pan-African venture capital firm founded in 2020, focusing on early-stage investments in fintech, health, e-commerce, and software. It has raised a $50 million fund and invested 31 startups across 10 countries.The company will use the funding to expand its team across the U.S. and Egypt, focusing on growth in the American market while maintaining its engineering operations in Egypt.Founded in 2021 by George Fahmy, Stakpak is an AI-powered DevOps IDE designed to simplify Infrastructure as Code (IaC) by enabling developers to generate and manage configurations using natural language prompts. By leveraging large language models (LLMs), Stakpak reduces infrastructure-related tasks. The company operates on a pay-per-request model, ensuring seamless integration with developer workflows. Headquartered in the United States, Stakpaks engineering team is based in Egypt.