Software team performance optimizer Iftrue gets new funding
IFTRUE, a platform that aims to provide support to business processes with the services it offers to software teams, has announced it raised new funding in an investment round joined by TechOne Venture Capital, DOMiNO Ventures and Startup Wise Guys.
The initiative develops solutions designed to optimize software development processes. It offers processes and metrics based on scientific research to its users, aiming to make the software teams that receive services work faster.
Looking at the common characteristics of successful initiatives today, teams working in harmony are said to be the major factor. Product development processes reach more optimal efficiency in scenarios where business development teams work in harmony with each other.
In addition, both team solidarity and the quality of service provided to customers are said to be higher in teams that achieve harmony in terms of cooperation. With the increase of experience in software development processes, a significant increase in benefits and cost optimization is achieved in the software activities of companies.
Iftrue claims to have saved up to 50% in product development costs in the teams where the product was tested during the special beta period. The company aims to reach more teams with the open beta in the first three months of 2023.
SUPPORTER OF SOFTWARE TEAMS
Iftrue co-founder Erdinç Akkaya has been working in various positions in mainly Silicon Valley-based companies that develop software-based products for more than 15 years.
“When we look at the recent developments, we observe that business processes are in a big change. Especially with digitalization, we see that remote working has become widespread. With the development of remote working processes, we assess that there are some shortcomings when it comes to intra-team communication,” said Akkaya.
“At this point, we aim to be an indispensable part of the software teams. In addition to maintaining our service quality in 2023, we aim to accelerate the growth momentum we have achieved by entering the American and European markets,” he noted.
GLOBAL GROWTH POTENTIAL
For their part, TechOne Venture Capital managing partner Yiğit Arslan said they were pleased to support “visionary initiatives that are taking steps towards the world of the future.”
“Iftrue aims to solve the problems in the software ecosystem and improve the business processes there with the services it offers. Hereafter, we will work together on behalf of Iftrue to operate in different geographies,” said Arslan.
Also evaluating the investment, DOMiNO Ventures managing director Yağız Karadeniz said they find the work carried out by the Iftrue team “very valuable.” “Especially in the field of future of work, the importance of metric and optimizationoriented software will increase even more. As DOMiNO Ventures, we will continue to invest in startups with the potential for rapid growth in global markets. We are always on the side of entrepreneurs with our fund and competent team that we have established to contribute to the success of visionary initiatives,” Karadeniz noted.