Engagement — Platform Due Diligence
Code & Co. provides Tech and Product Due Diligence for LBBW Venture Capital in preparation for their venture investment in Cedalo, a leading company in the Digital Transformation sector.
Code & Co. provides Tech & Product Due Diligence to LBBW Venture Capital ahead of its investment in Cedalo, a renowned provider of two widely adopted products in the IoT domain.
Pro Eclipse Mosquitto, a popular MQTT broker, is a tool which facilitates seamless connectivity to IoT sensors, devices, and applications. In addition, Cedalo has an open-source version of this product available to the community, which is one of the most popular MQTT brokers in the world.
Pro Eclipse Streamsheets, an application server that continuously processes, visualizes, and transforms real-time data streams. This tool enhances data-driven decision-making, particularly by helping users identify patterns and trends within the data stream. Like Eclipse Mosquitto, Cedalo also supports an open-source version of Eclipse Streamsheets.
Scope of Work
Code & Co. conducted Tech & Product Due Diligence for LBBW Venture Capital.
This encompassed a comprehensive review of Cedalo's architecture, technology stack, deployment capabilities, protocol integrations, extensibility, and CI/CD pipelines for each product. Additionally, Code & Co. conducted a detailed analysis of product roadmaps, key performance indicators (KPIs), customer onboarding strategies, and support operations.Furthermore, Code & Co. delved into the skill and structure of Cedalo's team, identifying key contributors, assessing quality assurance processes, appraising employee onboarding practices, and evaluating the management of technical debt.
Cedalo GmbH was founded by a team of entrepreneurs and technologists in 2017, with its headquarters in Freiburg, Germany. Cedalo is the creator of Eclipse Streamsheets and the sponsor of the MQTT Eclipse Mosquitto Broker. The mission of Cedalo is to enable simple and agile digital transformation for organizations. Firstly, by providing a no-code software for data stream processing and an MQTT broker. With these products, anyone can create and monitor data streams and microservices for IoT. Secondly, Cedalo’s products make it easy for professionals to contribute and shape IoT projects in their organization, regardless of their technical or non-technical skills. With Streamsheets and Mosquitto, users can easily create, visualize and monitor real-time IoT data for various industries and use cases.
About LBBW Venture Capital
LBBW Venture Capital was founded in 1998 as an independent subsidiary of the Landesbank Baden-Württemberg. LBBW VC invests both in early and growth stage B2B startups within the DACH region. Their investment focus is software, fintech and life science. Apart from long term financial support for its portfolio companies, the team offers support through active introductions to LBBW’s fast corporate client network or direct business opportunities within the bank for fintechs.