Slovenská platforma NETGRIF na automatizáciu biznis aplikácií získala investíciu vo výške 1 milión eur. Mieri do sveta.
Bratislava, November 12, 2024 – Slovak-based NETGRIF, an innovative company developing a low-code platform for process-driven applications, has announced a €1 million investment. Two prominent players in the Slovak investment market, the venture capital fund Venture to Future Fund and IT firm Soitron, are backing the company to drive cloud development and expand into international markets.
NETGRIF was founded to simplify and accelerate the digitalization of corporate processes. Using its proprietary modeling language, Petriflow, the platform enables companies to create and deploy complex applications without extensive coding. The platform’s intuitive visual interface allows process analysts to model business processes graphically, instantly transforming these models into fully operational applications, without requiring deep technical expertise. Meanwhile, developers can intervene whenever more advanced logic or integrations are needed, creating a synergistic approach to app development. This flexibility reduces development cycles from months to weeks, saving clients significant costs.
“For over 20 years, I’ve taught students to develop software using traditional programming languages, which were primarily designed for computer understanding. Our mission was to create a software development tool that remains understandable to computers but is more accessible to people. The result is the low-code Petriflow language and the NETGRIF platform, which allows non-programmers to build software applications, while also empowering developers to accelerate software development many times over,” says Professor Gabriel Juhás, a co-founder and researcher in Petri nets since 1993.
Thanks to its adaptability and scalability, the NETGRIF system can gradually replace multiple tools for workflow management, task automation, and other applications that often run on outdated, inflexible technologies or are difficult to manage. NETGRIF has already completed numerous successful implementations for leading Slovak clients in banking, insurance, and energy sectors, and is now aiming at international markets.
“Our platform is already in use by prestigious clients, such as Union Insurance, Tatra Leasing, Agel, Stredoslovenská Energetika, Západoslovenská Distribučná, and Slovenský Plynárenský Priemysel. It helps solve complex digitalization needs, including insurance policy management, claims processing, customer request handling, invoice and order processing, and electronic contracting. This investment will support our cloud-based global expansion and partnerships,” explains Milan Šamaj.
“Digitalization is undoubtedly a global trend, yet it faces challenges due to the complexity of IT technologies and a worldwide shortage of specialists in this field. The NETGRIF platform has the potential to streamline application development, enabling all companies, not just the largest ones, to benefit from this trend. With Soitron’s 15+ years of experience in the international IT sector, we’re well-positioned to support NETGRIF in scaling their platform,” says Ondrej Smolár, CEO of Soitron Group.
“The flexibility and user-friendly design of NETGRIF’s platform impressed us; it enables business process automation without the need for senior programmers. Corporations can digitalize faster and scale their systems to meet growing demands,” adds Miriama Hanout, board member of Venture to Future Fund.
About NETGRIF
NETGRIF is a Slovak technology company founded in 2017. It has developed an end-to-end, next-generation low-code application platform for process-driven applications. Through NETGRIF, customers and implementation partners can create fully robust applications in significantly less time than current industry standards. This innovative solution has found broad adoption among corporate clients in fields like healthcare, insurance, leasing, and energy.
About Venture to Future Fund
Venture to Future Fund supports Slovak and European technology companies with the potential to succeed in the global market. The fund's capital is primarily used to finance the growth and expansion of these companies, whether through market entry, product enhancement, penetration into new market segments, or market share expansion. The fund, with initial capital of EUR 40.4 million, was established in 2019 as a result of a joint initiative by the European Investment Bank and the Ministry of Finance of the Slovak Republic through Slovak Investment Holding. In 2024, the capital was increased by EUR 15.3 million from Component 9 of the Recovery and Resilience Plan, administered by the Research and Innovation Authority (VAIA).
About Soitron
Soitron is a leading Slovak IT company providing comprehensive services and solutions in information technology and systems integration. With over 30 years in the market, Soitron has extensive experience in automation and robotics, cybersecurity, data centers, networking, communication and IoT solutions, as well as IT outsourcing, support, and consulting.
