Refact aims to make code-generating AI more appealing to enterprises

Key Takeaways:

– Oleg Klimov, Vlad Guber, and Oleg Kiyasko co-created Refact.ai, a platform for coding with GenAI.
– Refact offers more customization and control to users compared to other platforms.
– The majority of developers are embracing GenAI, but employers have concerns about privacy and security risks.
– Refact runs on-premise and does not require an internet connection or upload telemetry data.
– The platform uses code-generating models trained on permissively-licensed code, which is a competitive advantage.
– Refact’s privacy- and IP-conscious approach helped raise $2 million in funding and secure enterprise customers.
– The platform is revenue-generating and on track to earn “a few million” annually by the summer.
– The focus for Refact’s team is to upgrade the platform to run code autonomously and execute multi-step plans.
– The team is well-funded and has talented individuals looking to join the AI revolution.

TechCrunch:

In 2021, Oleg Klimov, Vlad Guber and Oleg Kiyasko set out to co-create a platform, Refact.ai, that could convince more companies to embrace GenAI for coding by affording users more customization — and control — over the experience.

Klimov and Kiyasko had worked together for nearly a decade building AI-based systems for image recognition and security systems. Guber knew Kiyashko from childhood; they were neighbors in the South Ukranian town of Yuzhnoukrainsk.

“It was clear that AI would change the very notion of what engineering is,” Klimov told TechCrunch in an email interview. “As software engineers at heart, we decided we need to be in the best position to live through it — creating an independent system for software engineering.”

Most devs acknowledge the AI-driven seismic shifts occurring in their profession. Eighty-two percent responding to a recent HackerRank poll said that they believe AI will “redefine” the future of coding and software development.

Refact taps generative AI models trained on permissively licensed code to power its code-suggesting platform for devs.

The majority are embracing the change, with 63% of devs in VC firm HeavyBit’s 2023 survey saying that they’re now using GenAI in coding tasks. But employers are more skeptical. In a separate survey of enterprise C-suite and IT professionals, 85% expressed concerns about GenAI’s privacy and security risks.

Companies including Apple, Samsung, Goldman Sachs, Walmart and Verizon have gone so far as to limit internal use of GenAI tools over fears of data compromise.

So how’s Refact different? It runs on-premise, Klimov says.

Like GitHub Copilot, Amazon CodeWhisperer and other major GenAI coding assistants, Refact can answer natural language questions about code (e.g. “When was this dependency last updated?”), recommend lines of code and fine-tune to improve its performance with a given codebase.

“One way to think about it is as a ‘strong junior engineer,’” Klimov said, “or an artificial co-worker on a team that’s productive but needs supervision.”

However, unlike many — if not most — of its competitors, Refact doesn’t need an internet connection. It doesn’t even upload basic telemetry data, Klimov claims.

Refact

Refact can run offline, on-premise, or in a cloud-hosted managed setup.

“We’re developing better controls and processes around sources and uses of data, security and privacy as we’re aware of the challenges that [enterprises] face and want to ensure the integrity of our customers’ information and innovative breakthroughs,” Klimov said.

Powering Refact’s platform are compact, code-generating models trained on permissively-licensed code — another key competitive advantage, Klimov claims. Some code-generating tools trained using copyrighted or otherwise restrively-licensed code have been shown to regurgitate that code when prompted in a certain way, posing a potential liability risk for the companies deploying them (at least according to some IP experts).

Vendors like GitHub and Amazon have introduced settings and policies aimed at allaying the fears of companies wary of the IP challenges around their GenAI coding tools. But it’s unclear that they’ve made much headway. In a 2023 survey of Fortune 500 businesses by Acrolinx, nearly a third said that intellectual property was their biggest concern about the use of generative AI.

“We used permissive licence code to train [our models] because our customers demanded it,” Klimov said.

Refact’s privacy- and IP-conscious approach helped it to raise $2 million in funding from undisclosed investors — and net ~20 pilot projects with enterprise customers. Klimov claims that the platform, which is also available in a cloud-hosted plan that starts at $10 per seat per month, is revenue-generating and currently on track to earn “a few million” annually by this summer.

That’s impressive, considering vendors like GitHub have struggled to make a profit on their code-generating tools. Copilot was reportedly costing GitHub parent Microsoft up to $80 per user per month as a result of the associated cloud processing overhead.

Refact

Refact is among the growing cohort of GenAI tools for programming.

The focus for the London-based, eight-person Refact team in the near future is upgrading Refact to run code autonomously, execute “multi-step” plans and self-test code.

“We’re actively working on a next-generation AI assistant – one that’ll debug the code it writes and operate on any large codebase,” Klimov said. “We’re well-funded internally and have the necessary capital to continue building the product … We’ve never benefited from an abundance of funding or from the venture capital frenzy that took place in previous years, but what’s really benefited us is the availability and eagerness of very talented people who are looking to join the AI revolution — and who saw in Refact as a place to thrive and develop something that can have a lasting impact.”

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AI Eclipse TLDR:

In 2021, Oleg Klimov, Vlad Guber, and Oleg Kiyasko co-created a platform called Refact.ai to encourage more companies to adopt GenAI for coding. They aimed to provide users with more customization and control over their coding experience. The founders had previously worked together on AI-based systems for image recognition and security.

A majority of developers recognize the transformative impact of AI on their profession. According to a HackerRank poll, 82% of developers believe that AI will redefine the future of coding and software development. Refact utilizes generative AI models trained on permissively licensed code to power its code-suggesting platform for developers. The majority of developers are embracing this change, with 63% of respondents in a survey by VC firm HeavyBit stating that they now use GenAI in their coding tasks.

However, employers are more skeptical. A separate survey of enterprise C-suite and IT professionals found that 85% expressed concerns about the privacy and security risks associated with GenAI. Companies like Apple, Samsung, Goldman Sachs, Walmart, and Verizon have limited the internal use of GenAI tools due to fears of data compromise.

Refact differentiates itself by running on-premise and not requiring an internet connection. It can answer natural language questions about code, recommend lines of code, and improve its performance with a given codebase. Unlike many competitors, Refact does not upload basic telemetry data. It can be run offline, on-premise, or in a cloud-hosted managed setup.

Refact’s platform is powered by compact code-generating models trained on permissively-licensed code, which is a competitive advantage. Some code-generating tools trained on copyrighted or restricted code have been shown to pose liability risks for the companies using them. Refact’s privacy- and IP-conscious approach has helped it raise $2 million in funding and secure around 20 pilot projects with enterprise customers.

The platform is currently revenue-generating and is expected to earn “a few million” annually by the summer. Refact aims to upgrade its platform to run code autonomously, execute multi-step plans, and self-test code in the future. The company is well-funded and focused on building a product that can have a lasting impact in the AI revolution.