The Sudbury Catalyst Fund, a $5-million seed capital co-investment fund, proudly announces its investment of $250,000 in Codalio, an innovative Sudbury-based SaaS AI-powered startup transforming the software development process with fully customizable control. Codalio's SaaS-based platform enables project owners, business stakeholders as well as developers to convert natural language into functional applications, simplifying and streamlining the development cycle.
"Codalio empowers product owners and developers to rapidly prototype and construct scalable, enterprise-grade software applications while reducing development costs and time to market by up to 80 per cent," says Ehsan Mirdamadi, CEO of Codalio. By leveraging the open-source Rhino platform — developed and owned by Codalio's founders — alongside the company's proprietary AI core engine, trained on best software development practices and expert-designed infrastructure blueprints, Codalio automates and augments the entire product and software development lifecycle. This integrated approach significantly reduces the time and cost associated with building enterprise-grade software applications.
With a focus on efficiency and quality, Codalio enables project managers to increase productivity and concentrate on higher-value tasks, all while maintaining full ownership of their projects. The platform offers the same benefits of the low-code and no-code platforms, while eliminating vendor lock-in, offering businesses greater flexibility. "We are incredibly grateful for the continued support from the Sudbury Catalyst Fund," adds Mirdamadi. "This investment allows us to continue growing our platform and drive even more innovation, as software development has historically been one of the biggest bottlenecks to innovation due to its high cost and complexity."
Codalio’s full-stack development approach sets it apart from other generative AI tools, offering end-to-end support from ideation, scoping, coding to publishing, coupled with its abstraction layer (Rhino), Codalio distinguishes itself from other LLMs models like Copilot, ChatGPT or even platforms like Cursor, by providing full-cycle contextual control, high-quality application generation, and direct publishing. This results in the production of enterprise-grade "Full Applications" rather than limited code snippets.
"We are proud to invest in Codalio, a company that is reshaping how software is developed and managed," said Jason Sullivan, co-managing partner of the Sudbury Catalyst Fund and executive director of the Nickel Basin Federal Development Corporation. "Codalio’s innovation is set to make a significant impact, not only in Sudbury’s SME ecosystem but also in the global tech ecosystem."
Don Duval, CEO of NORCAT and co-managing partner of the Sudbury Catalyst Fund, sees Codalio’s growth as a testament to the strength of Sudbury’s tech ecosystem. "Codalio’s success reflects the innovation and entrepreneurial spirit thriving in our community," he said. Their decision to relocate to Sudbury reinforces this momentum. "Our mission has always been to accelerate support for startups that drive meaningful change, create long-term value, and generate job opportunities within the region," Duval added.
