Refact.ai builds an on-premise code-generating AI platform that answers natural-language questions about code, recommends lines, and can be fine-tuned to a specific codebase. Unlike many competitors, it can run without an internet connection and the company says it does not upload basic telemetry data. Refact trains compact models on permissively licensed code to reduce intellectual-property risk for enterprise customers. The company offers a cloud-hosted plan starting at $10 per seat per month, has netted about 20 pilot projects, and is revenue-generating—on track to earn 'a few million' annually by this summer. Founded in 2021 by Oleg Klimov, Vlad Guber and Oleg Kiyashko and based in London, the eight-person team is focused on continued product development. Near-term roadmap includes enabling autonomous code execution, multi-step planning, self-testing, and a next-generation assistant that debugs the code it writes and operates on large codebases.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2024