Archive — US — techcrunch
One of Africa’s most successful founders is back with a new AI startup andalready raised $9M
Karim Jouini and Jihed Othmani, co-founders of the successful startup Expensya, have launched a new AI venture, Thunder Code, which focuses on software testing using generative AI. The company has raised $9 million in seed funding. Despite initially swearing off entrepreneurship after their past success, they are optimistic about this venture due to the market potential and the lessons learned from their previous experience.
Key points
- Jouini and Othmani sold Expensya for over $120 million, marking a significant acquisition.
- Both founders initially pledged not to start another venture but were drawn back by the potential of generative AI.
- Thunder Code is a software testing platform utilizing AI to improve efficiency and accuracy in QA processes.
- The startup has already secured $9 million in seed funding within six months of its inception.
- They prioritize speed in product development, launching their MVP in just six weeks.
- Thunder Code aims to capture a significant share of the software testing market, projected to exceed $100 billion by 2027.
Why it matters
- The rise of generative AI aligns with current IT trends emphasizing AI integration across various industry sectors.
- The success of Expensya highlights the increasing viability of African startups on the global stage, especially post-COVID-19.
- Thunder Code's focus on AI reflects the broader industry shift towards leaner, more efficient technology solutions.
Thunder Code's strategic entry into the software testing market, leveraging lessons from Expensya and the potential of AI, positions it well to become a leader in the rapidly evolving tech landscape.