Immad Akhund, CEO and co-founder of Mercury, discusses the reality of AI-assisted engineering productivity across Mercury's Haskell codebase versus greenfield development.
“Engineering productivity. I haven't seen as much of a boost as I would like to see. I think it's really good for making an app from scratch. When you have a huge code base with, that's all interlinked, it's just not as good. And we also built in like a weird programming language, Haskell which has been great, amazing engineers, but I think a lot of these kind of coding LLMs are not trained on Haskell as well.”
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Opinion
Akhund: US banking is surprisingly uncompetitive compared to B2B SaaS
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“I'm not a fan of just, like, shove a chatbot in front of it as an interface. Like, I think it's easier to, like, have structured data and be able to do things.”
Immad AkhundMar 28, 2025▶ 16:01Immad Akhund (Mercury) on Fintech, AI and What's Next
AssertionPartly supported
Akhund: Mercury raises $300M round led by Sequoia Capital
“We just announcing our CVC Sequoia is leading the round with Park and Marathon coming in as new investors, and all of our previous kind of VCs are participating, so it's a three hundred million round with a combination of primary and secondary.”
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Insight
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AssertionNot checkable as stated
Akhund: Mercury has been profitable for 10 consecutive quarters
“We've been profitable for 1010 quarters”
Immad AkhundMar 28, 2025▶ 2:56Immad Akhund (Mercury) on Fintech, AI and What's Next
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