Jaffna-based 3axislabs expand Lankan operations to meet Int’l demand

Jaffna-based 3axislabs is expanding its Sri Lankan operations to meet growing international demand for its services.

Having delivered almost 50 projects to date, for clients in the USA, UK, Canada, Australia, Switzerland, Finland and other countries, the firm is planning to increase its staff in the near term, while also expanding its offices to accommodate them.

Prompted by a surge in the company’s revenues, to LKR 60 million in 2024, 3axislabs’ growth follows a chaotic spell experienced during its 2021 start in the midst of the COVID-19 era.

3axislabs Co-Founder and CEO Prasanth Subendran stated; “After exhaustive efforts hustling to keep afloat during COVID-19, we have now seen substantial year-on-year growth, resulting in our rapid expansion to 15 team members recently. We believe this will continue with our new foray into product development with MindMap AI, a very promising initiative that requires our team to expand again very soon. Additionally, we are also excited about our role in helping create an IT hub in the North, since our US dollar earnings benefit Sri Lanka directly, with about 80 per cent trickling down to staff and suppliers, along with surrounding communities.”

3Axislabs’ MindMap AI has already seen impressive organic growth due to it being quicker and more user friendly than more traditional mind mapping software options, sometimes as much as ten times faster per user reviews. This AI-powered tool currently receives over 1,500 visits per day purely through organic reach, with about 70 from every 100 visitors eventually signing up.

Overall, MindMap AI has grown to over 100,000 registered users, all achieved without paid campaigns.

Subendran added; “As startup and tech veterans with over ten years each in the local eco-system, my co-founders and I have made it our mission to increase high quality IT jobs in the North and East, to help limit the brain-drain from those moving abroad.”

“We have been very fortunate in attracting IT talent from not just Jaffna, but also Trincomalee, Chilaw, Pollonaruwa, Badulla and Ratnapura.” Our next stage of evolution, as a product development company, is opening up opportunities for potential investors to join us in creating next-gen products like MindMap AI, based on wholly new technologies, which are currently working their way through our go-to-market pipeline.”

 Source:Daily News