Patched Company Profile

Background

Patched is an open-source framework designed to automate code reviews, documentation, and security patching using artificial intelligence. Founded in 2024 by Rohan S and Asankhaya Sharma, the company aims to empower developers by enabling the creation and deployment of AI-assisted workflows that autonomously handle repetitive post-code tasks. This approach allows development teams to focus more on building new features rather than being bogged down by maintenance work.

Key Strategic Focus

Patched's strategic focus centers on:

Autonomous Automation: Unlike traditional copilots that assist during active development, Patched operates in the background, autonomously managing tasks such as code reviews, documentation, and security patching.

Code-Native Workflows: Developers can build workflows using visual editors or Python code, offering flexibility and precision in automation processes.

Open-Source Flexibility: The platform allows for local execution of workflows and integration with preferred large language model (LLM) API endpoints, ensuring enhanced privacy and control.

Control & Precision: Patched provides full control over workflows, overcoming limitations associated with non-deterministic agentic behaviors.

Financials and Funding

As of September 2024, Patched has secured $5 million in Series A funding. The company has achieved significant traction, boasting over 500,000 monthly active users and generating $300,000 in monthly recurring revenue (MRR).

Technological Platform and Innovation

Patched distinguishes itself through several technological innovations:

Patchflows: Customizable automation flows that operate in the background, autonomously handling post-code tasks. These workflows can be tailored using a visual builder or Python code, allowing developers to integrate their own AI models as needed.

Self-Hosted Solutions: The open-source nature of Patched enables self-hosting, providing enterprises with the ability to run workflows locally and integrate with their preferred LLMs, ensuring privacy and compliance.

Leadership Team

Rohan S: Co-Founder with a strong background in optimization algorithms, having previously worked with companies in sectors like defense and healthcare.

Asankhaya Sharma: Co-Founder and Chief Technology Officer, holding a PhD in static analysis and over a decade of experience leading engineering teams.

Competitor Profile

Market Insights and Dynamics

The global market for workflow automation tools was valued at approximately $8.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.3% from 2022 to 2028.

Competitor Analysis

Key competitors in the workflow automation and AI-assisted development tools market include:

Devin: Offers AI-driven code review and documentation tools, focusing on enhancing developer productivity through intelligent automation.

OpenSign: Provides open-source solutions for document signing and management, catering to enterprises seeking customizable and secure document workflows.

Middleware Open Source: Delivers open-source DORA metrics for software engineering teams, enabling performance measurement and improvement.

Strategic Collaborations and Partnerships

Patched's open-source framework encourages collaboration with various AI model providers and development communities, fostering an ecosystem that prioritizes privacy, control, and compliance.

Operational Insights

Patched's open-source and self-hosted approach offers a distinct competitive advantage by addressing privacy and compliance concerns prevalent among enterprises. The platform's flexibility in integrating with various AI models and its focus on autonomous automation position it favorably in the developer tools market.

Strategic Opportunities and Future Directions

Patched is poised to capitalize on the growing demand for AI-driven workflow automation by expanding its feature set and enhancing integration capabilities with various development environments. The company's commitment to open-source principles and privacy positions it to attract a broad user base seeking customizable and secure automation solutions.