Gencore Systems, a computing spin-out of Pennsylvania University, has raised $100,000 from StartUp PHL, the angel fund of the City of Philadelphia.
The investment into the US-based code analysis firm marks the first such investment by the angel fund into a university in the local area.
Gencore, one of the first spin-outs to come out of Pennsylvania’s computing department for a while, is looking to target web and computing companies which use continuous deployment. Essentially, Gencore’s product helps development teams who deploy new lines of code to a product several times a day to receive immediate feedback.
The deal also adds an extra boost to the university’s new Penn Centre for Innovation, its newly-modelled tech transfer office, which is planning to launch more spin-outs than before, and also give them reason to stay within the state.
