Icinetic (Spanish MDD vendor) gets funded

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icineticIcinetic , a Spanish company specialized in the use of MDD and DSLs to improve productivity in software development has just announced that La Caixa, via its specialized fund for digital technologies “Caixa Capital TIC” and a group of investors has invested a total of 655.000 € in Icinetic (press release in Spanish).

Code-generation for .NETIcinetic is probably best known for its Radarc tool, a code-generator for Windows platforms. I’d say, and that’s my personal opinion, that we are starting to see the positive results of the hiring of Pedro J. Molina as Chief Research Officer for Icinetic in 2012.

Sure, this is not the same level of funding that Mendix raised a couple of years ago but Icinetic funding is aimed at starting their international expansion so we’ll see what happens in the next round 🙂

And more from a local perspective, I’m really happy to see that innovative Spanish companies can still get some funding when they are not just vaporware.

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