Irish tech entrepreneur Annrai O'Toole raises €5.5M for AI enterprise software platform VCola
By
Charlie Taylor
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Summary
Irish tech entrepreneur Annrai O'Toole, co-founder of Iona Technologies, has raised €5.5 million to launch VCola, an AI-native platform for building bespoke enterprise software. The company aims to compete with both traditional software giants and the emerging wave of AI "vibe coding" startups by offering a solution that mitigates AI hallucination risks. VCola demonstrated its capability by building and running a live Irish payroll system as proof of concept for mission-critical business applications.
Key quotes
· 3 pulledHow former Iona Technologies and Workday executives are using AI to build bespoke enterprise software without the risks of hallucinations
Why VCola believes it can disrupt both traditional software providers and the fast-growing wave of AI coding startups
How the company built and ran a live Irish payroll system as proof its platform can handle mission-critical business applications
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