The London-based Refact team is now focused on upgrading the platform to run code autonomously, execute multi-step plans, and self-test code. Klimov revealed that the platform, which offers a cloud-hosted plan starting at $10 per seat per month, is generating revenue and is projected to earn a few million annually by this summer. He also mentioned that they are well-funded internally and have the necessary capital to continue building the product.
Key takeaways:
- Oleg Klimov, Vlad Guber and Oleg Kiyasko co-created Refact.ai, a platform that uses generative AI models for coding, offering users more customization and control over the experience.
- Refact.ai operates on-premise and doesn't require an internet connection, addressing privacy and security concerns associated with generative AI.
- The platform uses compact, code-generating models trained on permissively-licensed code, avoiding potential intellectual property issues.
- Refact.ai has raised $2 million in funding and is on track to earn a few million annually, with plans to upgrade the platform to run code autonomously and self-test code.