Dear readers,

As conference season gets underway this autumn, we take a closer look at some of the biggest conferences held in SEE or founded by people from the region. We kick things off with WeAreDevelopers, where Bosnian founders Sead Ahmetovic and Naida Vikalo are taking a distinctly European and Balkan-rooted developer community global, with events now spanning across Europe, North America and India.

Elsewhere in this edition, The Founder Take features Astute founder and CEO Vida Stanic on speed, depth and the realities of building an AI-first startup. Across the region, we look at Bulgarian spacetech EnduroSat’s new unicorn status, Romania’s FintechOS latest funding round, and a new regional VC fund. 

In Rumor Has It, we revisit the region’s funding problem from another angle: perhaps some of the strongest founders are simply taking their pitches straight to US investors, rather than European ones.

Enjoy!
Bojan Stojkovski
Editor-in-Chief, IT Logs

WeAreDevelopers goes global, with its Balkan roots remaining close to the core 

Sead Ahmetovic and Naida Vikalo

For Sead Ahmetovic, the road to building one of Europe ’s largest developer communities started in a place far away from Silicon Valley. He was born in Odzak, a small town in northern Bosnia and Herzegovina, before moving to Vienna and eventually finding his way into the tech industry as a developer at an Austrian startup. 

Today, Ahmetovic is the co-founder and CEO of WeAreDevelopers, a global community and conference platform bringing together developers, engineers, tech companies and AI builders. Alongside him is Naida Vikalo, another Bosnian whose career at WeAreDevelopers began in business development and marketing before moving into the CEO Office and eventually becoming COO of the company. 

Together, the two are now helping take a company with distinctly European and Balkan roots into some of the world's most important tech markets. The geography is changing, but the core idea is consistent: developers need somewhere to exchange knowledge, understand new technologies and, increasingly, figure out how to actually put those technologies into production.

Over the years, their flagship Berlin event that attracts more than 17,000 attendees annually grew out of Europe, and the organization is now expanding into North America and India, creating a network that increasingly stretches across three major tech ecosystems. This new global footprint includes events in San Jose, California and Bangalore, India alongside its established European presence, while its community continues to operate throughout the year.

WeAreDevelopers 2025

No single breakthrough behind the expansion

There was no dramatic eureka moment behind that expansion, Ahmetovic candidly tells IT Logs. WeAreDevelopers did not suddenly decide that it needed to become a global conference brand and then build a strategy around a particular number of attendees or events. “It's just continuous and organic growth.” he points out.

The company focused on listening to its community, watching where technology was heading and adapting accordingly. That approach also explains why AI appeared in the organization's programming before the current explosion of interest in generative AI, agents and AI coding tools.

Ahmetovic points to applied AI conferences WeAreDevelopers organized in Vienna back in 2018 and 2019, attracting thousands of people at a time when many of today's dominant AI conversations were still largely confined to specialist communities. “We had the first applied AI conferences already in 2018 and 2019 in Vienna with three, 4,000 people, where we talked about stuff that is actually happening right now,” he says.

His description of the organization's growth is less about a single strategic masterstroke and more about “listening, adapting, learning, growing.

Vikalo sees much the same process from the operational side. There was no single point when WeAreDevelopers decided that Berlin was no longer enough. Instead, developers and partners kept asking the same question: why wasn't the organization coming to North America?

“There really wasn't a turning point,” Vikalo recalls. What came to be was the realization that all of this wasn’t simply a compliment to the success of the Berlin event, and evidence that the community had already become global. Then, the company had to ask what developers and tech companies in other markets actually needed, rather than simply reproducing its European conference format somewhere else. “We are a global independent network of engineers and of builders,” Vikalo said, explaining that the objective was to create “a conversational space for that geo market over there.”

Three different ecosystems, three different strengths

Ahmetovic describes North America, Europe and India as complementary rather than competing environments. North America, and particularly the Bay Area, has become an innovation powerhouse, with AI laboratories, venture-backed startups and companies experimenting with technologies that may eventually reshape entire industries.

Sead Ahmetovic

Europe has a different strength: enormous established industries, research capabilities and regulated environments where technology has to work in the real world. That means automotive, manufacturing, healthcare, finance, insurance and other sectors where deploying a technology is often considerably harder than demonstrating that it works in a lab.

India brings another dimension to that equation since it has one of the world's largest technology workforces and a huge population of developers who have spent years working in global tech and outsourcing industries.

“Developers in the US can learn from Europe what’s really needed in production systems, regulated markets, and industries like manufacturing and automotive. In North America, the mindset is often, “Let’s try it and see if it works.” In Europe, it’s more about making sure something is secure, well-tested and legally compliant before deploying it,” Ahmetovic explains.

The Bosnian entrepreneur sees an important historical parallel between India and the Balkans. Both regions have long been associated with outsourcing and offshoring. “In India, we see something similar to the Balkans, which have also traditionally been outsourcing regions. Indian developers are very strong at execution and delivering high-quality work. What they can learn now is how to take that expertise and build on it by learning from other ecosystems,” he tells IT Logs.

That’s a conversation that should sound familiar across SEE, where software outsourcing has played a major role in building the region's tech sector. Vikalo sees some of the same patterns but emphasizes that the markets are developing in different ways. Indian developers, she says, are highly focused on upskilling and learning what new technologies are available, while companies are increasingly building their own centers and structured programs around emerging technologies.

“Their approach seems more systematic than the Balkans, partly because of the state-led agendas we mentioned earlier. They are starting education at a younger age and putting a strong focus on gender equality. As a result, they are building a stronger STEM talent pool than the other two regions,” she says, adding that in terms of speed, North America and India are definitely moving faster, with different motivations behind them. 

How AI changes the developer conversation

That difference becomes particularly interesting when AI enters the picture. For all the talk about different technology cultures, Ahmetovic does not see a huge divide in whether developers are adopting AI tools.

“Everyone is kind of using it at the same level because you don't have another choice. You have to use it because everyone else does. Adoption was slower at first because the models had much higher error rates, but now almost every company uses AI. It’s like farming: you can do the work by hand, as some of us did helping our parents, or you can use a machine. The main difference now is how companies use it.” Ahmetovic explains.

The AI shift is also changing the conversations developers are having about their own work. Vikalo says that as machines take over more routine technical tasks, developers have more reason to think about what the technology is actually delivering for a business.

“The conversations have changed because AI gives developers more time. Going back to the farm example, instead of doing everything by hand, they now have a machine to help. Developers are no longer focused only on how to code or solve technical problems. We’re seeing a greater focus on business value, so conversations are naturally shifting toward business topics as well,” she says.

Naida Vikalo

However, that does not necessarily mean every developer needs to become a salesperson. Ahmetovic explicitly pushes back against that idea. In his view, the more important change is the growing importance of systems thinking.

“The number one skill developers need now is systems thinking. It’s still a technical skill, not sales or marketing. Developers are working with multiple tools, getting systems into production, and making sure AI applications are tested, secure and deployed properly. They also need to think about inference, GPU costs and token usage. There are so many connected systems now, so understanding the bigger picture has become essential,” Ahmetovic points out.

There is also an unexpected downside to AI's productivity promise. More automation does not automatically translate into less work. Ahmetovic says that developers can now initiate multiple tasks simultaneously and then move between them while AI systems process the work. The result can be more context switching rather than more free time. “Actually, what I see across the board, everywhere, even with myself, is everyone is so much more stressed,” he reflects.

On the other hand, Vikalo sees why the sales-founder phenomenon is particularly visible in San Francisco. The region has a dense startup culture in which very small teams can be created around an idea and begin building almost immediately. she said.

In such an environment, people inevitably wear multiple hats. But as companies mature, specialized sales, marketing and leadership functions generally emerge again. Therefore, the challenge is not necessarily teaching people how to code, but creating the conditions in which developers can move from execution toward product thinking, entrepreneurship and ownership.

Building bridges rather than copies

WeAreDevelopers is now trying to institutionalize these ideas at a much larger scale. Ahmetovic says the organization wants to create tech conversations that move in both directions between continents, bringing European delegations to the Bay Area and US companies into Europe, while eventually establishing similar exchanges with India.

Sead and a part of the WeAreDevelopers team

The existing Berlin conference already has a substantial international audience, with Ahmetovic saying around 60% of attendees are international and that US tech companies make up a significant share of its partners. “There has always been this kind of transatlantic bridge between Europe and the US for WeAreDevelopers,” he tells IT Logs.

The idea is not to make every market behave like Silicon Valley, but quite the opposite, and the value of the network comes from putting different approaches into the same room. For companies, the expansion also creates another function. Vikalo says WeAreDevelopers can lower the barrier for partners entering markets where they do not yet have strong relationships.

Instead of attending a generic tech conference and hoping to find the right people, companies can interact with a highly concentrated developer audience. “You're getting high exposure to this niche audience rather than a more generalistic audience,” she says. That makes the events less about a three-day conference and more about creating an entry point into an ecosystem.

This is ultimately where WeAreDevelopers' expansion fits into the broader tech landscape. Ahmetovic describes the core mission of WeAreDevelopers as getting technology into the real world rather than simply discussing the next generation of models.

“It's really about how do we get great technology out into the real world across the entire software development life cycle,” he says. Vikalo adds the same philosophy will define the events in San Jose, Bengaluru and Berlin. “The expectation always includes real world case studies. It's very hands-on. It's very, how can we build with this, how can we break it, what are the implications?” Vikalo tells IT Logs.

Across the region…

  • Bulgarian spacetech company EnduroSat has raised $205 million in a funding round co-led by Riot Ventures and Atreides Management to scale its next-generation satellite fleets. The round, which includes investors such as the European Innovation Council, Google Ventures, Founders Fund, Lux Capital and Giant Ventures, values the company at more than $1 billion, making EnduroSat Bulgaria’s latest unicorn.

The EnduroSat team

  • Romanian-founded fintech FintechOS has raised $28 million in a combined equity and debt round to accelerate its expansion in the US and strengthen its presence across Europe. Existing investors Bek Ventures, IFC, Cipio Partners and Molten Ventures participated in the equity round, while Santander CIB provided a senior debt facility. The new funding brings FintechOS’ total funding to nearly €170 million since its founding in 2017.

  • Romania is getting a new regional venture capital fund, with Asternova VC launching later this month with €8 million in capital. Backed by €7 million in public anchor funding from ADR Centru through the European Regional Development Fund, the fund is managed by Aster Capital Partners in partnership with Iceberg+ and Venture Booster. Led by General Partner Silvia Ursu, Asternova Centru will invest €50K to €350K in 40 pre-seed and seed-stage tech startups across six central Romanian counties: Alba, Brasov, Covasna, Harghita, Mures and Sibiu. 

Rumor has it…

  • Last week, we looked at the perception that SEE’s problem is a shortage of quality startup ideas. But there may be another side to the story: founders who do have strong ideas are increasingly looking beyond the region, and sometimes even beyond Europe, for capital. For some, US investors offer access not just to deeper pools of funding, but also to larger customer markets, networks and a more established appetite for ambitious tech companies. That creates a somewhat awkward regional dynamic: local investors argue that there are not enough investable startups, while some of the strongest founders may simply be choosing to take their pitches elsewhere. 

    Got tech rumors? Ping us at [email protected]

The Founder take… 

Vida Stanic, founder and CEO of Astute

IT LogsWhat helps startups win faster: moving quickly or building something truly deep?

Vida Stanic: My short answer: building something truly deep, at a speed nobody expects.

To give you an example of speed, we closed an oversubscribed pre-seed on a Monday, launched on Product Hunt on Wednesday, and were Product of the Day by Thursday, ahead of Cursor and OpenAI. That is speed of execution on the surface.

But we couldn't have done it without depth. For weeks before launch we worked 12 to 15 hour days, 7 days a week. Not just to ship fast, but to ship something that actually works and changes how our market operates. Imo - bad products don't become Product of the Day.

All in all - speed gets you noticed, depth is why people stay. Right now you need both, and the bar for both keeps rising.

IT Logs: Do you think AI-first startups will clearly beat those just adding AI on top?

If you're starting a company today, building AI-native is a no-brainer. It's the difference in speed of execution and in how much you can do with very little capital. But tbh it does depend who you're competing against. If it's another new company that's just adding AI on top of an old workflow, you probably win. They can't match your speed or your cost structure.

But, if it's a 20-year-old incumbent adding AI on top, it's a different fight. They have the network, the credibility, the distribution. Being AI-native doesn't give you any of that off the bat. That said, we're watching incumbents get beaten in categories they've owned for 2 decades by AI-native disruptors who simply offer a better service and move faster. Distribution is a head start, not a moat.

So yes, AI-first gives you a real advantage against anyone. The question is not whether you'll beat the companies without it. It's whether you can crack the things the incumbents are stronger at while they're busy bolting AI onto what they already have.

IT Logs: What is slowing down founders the most: hiring, fundraising, or regulation?

We're not in a heavily regulated industry, so regulation hasn't been a constraint for us. So I'll answer on the other two. One of our mentors told us early on something I'll never forget: as a founder you're always selling. You're selling to customers, you're selling to hires, you're selling to investors. Hiring and fundraising are both just sales with a different buyer. 

All to say - what actually slows founders down is not any one of these functions alone. It's two things. First, the combined workload. Selling on three fronts at once, at different intensities at different times, and knowing what to prioritise this week versus next. Most founders don't get slowed down by fundraising. They get slowed down by fundraising while hiring while closing customers, with no system for it.

Second, delegation. You can raise the money, you can make the hires, and still be terrible at handing over responsibility. Founders are famous for believing they do everything best. That belief is the real bottleneck, and it's the one nobody puts in a survey. 

Upcoming events in the region…

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