Fraction, a platform offering fractional software development services, has seen explosive growth in the past few months, with its annual recurring revenue doubling to just three months after surpassing $1 million ARR in January 2021. The surging demand for fractional AI developers has enabled Fraction to capitalize on this success.
“We’ve seen an expanding need for AI expertise from our customers,” Fraction’s CEO said, as reported by CNBC. “Presently, we’re seeing AI skills specified in developers’ resumes.” With the advent of advanced AI tools such as ChatGPT and Stable Diffusion, there is a huge need for engineers who are well-versed in generative AI technologies.
Fraction has succeeded in tapping into a larger talent pool to acquire talent with niche AI skills, who have prompt engineering experience when it comes to understanding which inputs resulting in the most effective outputs. “We get the best results when engineers make a chain of multiple requests to LLMs,” said , Head of Developer Relations at Fraction, “or when they use the output of ChatGPT as input to Dall-E.”
Fraction’s abilities have propelled the company to new heights, achieving its ARR milestone in just three months of surpassing the one million dollar mark. “Doubling our ARR in such a brief space of time summarizes that fractional work can not only work, it’s the foremost effective talent solution for companies desirous to use ChatGPT and ML but remain capital-efficient,” said , Head of Sales at Fraction.
Founded in , Fraction provides startups and growing businesses the possibility to access senior developers in the US without outsourcing, which provides the customer with project management, software architecture, and product management advice for every engagement. Fraction’s fractional US-based developers are able to outperform their offshore, nearshore, and domestic counterparts in terms of price-performance trade-offs.
Fraction is a revolutionary platform that gives businesses access to top-tier US developers with extraordinary skills. Utilizing their expertise, Fraction helps companies obtain the best results with generative AI tools like ChatGPT and Stable Diffusion. Through their expertise, customization and customer-oriented approach, Fraction has been able to provide its customers with top-notch services. By leveraging the larger talent pool to find AI specialists, the company has managed to reach a new milestone of $2 million in Annual Recurring Revenue (ARR) just three months after surpassed the seven-figure mark. Fraction’s ability to deliver high-quality services in an efficient manner is unparalleled and is the key to their success.
