🧑💻 Developer-First #158 - Enterprise GenAI budgets are just getting started
Goldman Sachs sees a 3x increase in GenAI spending by 2028.
Hello friend,
According to Goldman Sachs’ latest IT spending survey (June 2025), only 4% of enterprise IT budgets currently go to generative AI. But that number could reach 10% within three years, and 40% of CIOs plan to exceed that threshold.
Another key signal: Microsoft Copilot, despite mixed reviews and a clunky user experience, is already deployed to 8% of enterprise employees and could reach 23% adoption by 2028. So what does this mean?
It’s a clear opportunity for GenAI startups, and the investors backing them, to capture value by offering:
Better user experience or tighter workflow integrations
Specialised or vertical copilots that outperform generic tools
Autonomous agents with measurable ROI
The enterprise GenAI wave is just beginning, and there’s plenty of room for nimble startups to grow alongside it.
Now, let's dive into last week's developer-first transactions.
💰 Market Summary - Week of June 16th, 2025
12 companies raised $305.6 million across 6 product categories in 7 countries.
Europe-based companies attracted 16.4% of the total funding vs 37.6% for Asia-based companies (including Israel) and 46% for North America-based companies.
Data Management is the category that attracted the highest funding.
3 companies provide or contribute to an open-source product.
1 company was acquired this week.
🧩 Funding by Product Category
🌎 Funding by Region
🏢 Funding By Company
Coralogix, from Herzliya 🇮🇱 raised $115 million in Series D+ funding led by NewView Capital. Coralogix is a modern observability platform that provides real-time insights across systems, security, and AI workloads by processing telemetry data in-stream. (more)
Traversal, from New York 🇺🇸 raised $48 million in Seed + Series A funding led by Sequoia and Kleiner Perkins. Traversal is building an AI-powered site reliability engineer that detects and remediates production issues in complex software systems. (more)
Browserbase, from San Francisco 🇺🇸 raised $40 million in Series B funding led by Notable Capital. Browserbase provides headless browsers for scalable, reliable browser automation across fleets. (more)
Fleet, from San Francisco 🇺🇸 raised $27 million in Series B funding led by Ten Eleven Ventures. Fleet is an open-source device management platform for IT and security teams managing servers and laptops across various environments. (more)
Sedai, from Pleasanton 🇺🇸 raised $20 million in Series B funding led by Atlantic Vantage Point. Sedai is the world’s first self-driving cloud platform that uses AI to optimize cost, performance, and availability. (more)
Sifflet, from New York 🇺🇸 and Paris 🇫🇷 raised $18 million in Series A funding led by EQT Ventures and Mangrove Capital Partners. Sifflet is a data observability platform that helps organisations deliver better quality, more reliable data. (more)
Swarmia, from Helsinki 🇫🇮 raised $11 million in Series A funding led by Karma Ventures and DIG Ventures. Swarmia is a software engineering intelligence platform that provides visibility into business outcomes, productivity, and developer experience. (more)
Polar, from Stockholm 🇸🇪 raised $10 million in Seed funding led by Accel. Polar offers an open-source monetisation platform for developers to sell SaaS and digital products. (more)
Embedl, from Göteborg 🇸🇪 raised $6.3 million in Seed funding led by Chalmers Ventures. Embedl develops deep learning optimisation tools for deploying efficient AI models on embedded systems. (more)
typedef, from San Mateo 🇺🇸 raised $5.5 million in Seed funding led by Pear VC. Typedef is an inference-first data engine optimised to operationalise AI across modern data stacks. (more)
Digger, from London 🇬🇧 raised $3.6 million in Seed funding led by Initialized Capital. Digger is an open-source continuous integration tool for Terraform. (more)
Bitloops, from Athens 🇬🇷 raised $1.2 million in Pre-Seed funding led by Eleven Ventures. Bitloops is an AI-powered frontend copilot that converts design files into clean, production-ready code. (more)
🤝 Mergers & Acquisitions
Base44, from Tel Aviv 🇮🇱 was acquired by Wix for $80 million. Base44 is an all-in-one AI platform that enables users to build fully functioning applications without writing any code. (more)
⭐️ Trending GitHub Repositories
Shubhamsaboo / awesome-llm-apps (✩ 5,464 stars this week) - Collection of awesome LLM apps with AI Agents and RAG using OpenAI, Anthropic, Gemini and opensource models.
DataExpert-io / data-engineer-handbook (✩ 3,853 stars this week) - This is a repo with links to everything you'd ever want to learn about data engineering.
anthropics / anthropic-cookbook (✩ 3,376 stars this week) - A collection of notebooks/recipes showcasing some fun and effective ways of using Claude.
👍 Trending Developer Tools on ProductHunt
Liveblocks 3.0 (👍 680) - Liveblocks gives you ready-made features like AI Copilots, Comments, and Multiplayer Editing to make your product more engaging and grow your business.
Databutton (👍 344) - Databutton's collaborative AI developer is what every business needs to solve its own problems. Just describe the tool your business needs, provide optional documentation and design inspiration, then Databutton's reasoning agent learns, plans, and executes tasks with you, enabling you to go from idea to full-stack business tool in under 60 minutes.
EntelligenceAI VSCode Extension (👍 335) - Catch bugs, issues, and performance problems as you code. Works directly in VS Code, Cursor, and Windsurf. Get AI code reviews without leaving your editor.