How long have you been in business?

Pharos Production has been in business since 2013, with over 12 years of experience in custom software development. During this time, we have delivered over 70 applications for 200+ clients across 18 industries, including FinTech, healthcare, crypto and e-commerce. We are rated 5/5 on Clutch based on 73 verified reviews (2026).

What services do you provide?

Pharos Production provides five core service categories: Software Development (mobile apps, web platforms, database design, UI/UX), Blockchain Development (smart contracts, DeFi, tokenization on Ethereum, Solana, TON and other chains), Software Security (code audits, penetration testing, smart contract audits), Software Consulting (architecture design, MVP validation, startup consulting) and Software Testing and QA (manual, automation, performance and regression testing).

Where is Pharos Production located?

Pharos Production is headquartered in Las Vegas, Nevada, USA (5348 Vegas Dr, Las Vegas, NV 89108), with an engineering office in Kyiv, Ukraine (44-B Eugene Konovalets Str. Suite 201, Kyiv 01133). We work with clients worldwide and provide remote collaboration across all time zones. Visit our contact page for directions and scheduling options.

How big is your team?

Pharos Production has a team of 90+ engineers, including software developers, blockchain specialists, QA engineers, DevOps experts, UI/UX designers, project managers and solution architects. Our founder, Dr. Dmytro Nasyrov, holds a PhD in Artificial Intelligence and leads the technical direction of all projects.

What types of customers do you serve?

We serve a wide range of clients, from startups and product companies to mid-sized enterprises and large institutions. Our clients include crypto exchanges, FinTech providers (like Pleenk), healthcare organizations, sportsbook operators (like Pro Gambling), e-commerce platforms and SaaS companies. Pharos Production has worked with 200+ clients across 18 industries since 2013, adapting engagement models to match each client’s stage, whether it is MVP validation for a startup or enterprise-scale development for an established business.

What is a custom software development company?

A custom software development company is a firm that designs, builds and maintains software tailored to a specific business’s needs, as opposed to off-the-shelf products. Custom software addresses unique workflows, integrations and scalability requirements that generic tools cannot. According to Grand View Research (2024), the global custom software development market is valued at over $35 billion and is projected to grow at a 22.3% CAGR through 2030. Pharos Production is a custom software development company founded in 2013, with a team of 90+ engineers delivering solutions across blockchain, FinTech, healthcare and 15 other industries.

How much does custom software development cost?

Custom software development costs vary based on project scope and complexity. At Pharos Production, typical project ranges are: MVP development ($10,000-$25,000), suitable for startups validating a product idea; full-fledged production ($25,000-$50,000), for established businesses scaling a proven concept; and full-cycle development ($50,000-$80,000+), for complex enterprise-grade systems. These ranges include architecture design, development, QA testing and deployment. Final pricing depends on technology stack, number of integrations and engagement model (staff augmentation, dedicated team or project outsourcing).

How long does it take to develop a custom software application?

Development timelines depend on scope and complexity. At Pharos Production, a typical MVP takes 2-4 months, a production-ready application takes 4-8 months and a complex enterprise system can take 8-12+ months. We use an agile methodology with 2-week sprints, delivering working increments after each sprint. Every sprint includes a retrospective, progress report and planning session for the next iteration. This approach ensures transparency and allows businesses to launch faster by prioritizing high-impact features first. Get a timeline estimate for your project.

What industries does Pharos Production serve?

Pharos Production serves 18 industries: Crypto, Web3 and Blockchain (Kimlic, GridTradeX, NextCheck), Sports and Sportsbooks, Casino and Gambling (Gambit Stream, Lucky Bets), FinTech, Healthcare, E-Commerce, Insurance, Energy and Utilities, Education, Telecom, Media and Entertainment, Logistics and Transportation (Taxi Aggregator), Marketing, Banking, Construction and Real Estate, Agriculture and Travel. Our deepest expertise is in FinTech, blockchain and healthcare, where we have delivered compliance-ready platforms (HIPAA, PCI DSS, GDPR) and high-load systems handling thousands of concurrent users. For the latest industry insights, read our guides on FinTech trends in 2026 and the Web3 technology stack.

Why hire a software development company instead of building in-house?

Hiring a software development company offers faster time-to-market, lower upfront costs and access to specialized expertise without long-term employment commitments. According to Deloitte’s 2024 Global Outsourcing Survey, 57% of companies outsource software development to access skills they cannot hire internally. Factor In-house team Software development company Time to assemble 3-6 months (recruiting + onboarding) 1-2 weeks Upfront cost High (salaries, benefits, equipment) Lower (project-based pricing) Specialized expertise Limited to who you can hire locally Access to 90+ engineers across blockchain, AI, FinTech Scalability Slow (each new hire takes months) Fast (scale up or down per sprint) Long-term commitment Full-time employment contracts Flexible engagement models Risk High if key engineers leave Company ensures continuity and knowledge transfer For businesses that need blockchain, AI or high-load architecture expertise, outsourcing to a specialized firm like Pharos Production reduces risk and accelerates delivery.

What projects does Pharos Production not take on?

Pharos Production focuses on mid-to-large custom software projects with budgets starting at $10,000. We do not take on template-based websites, WordPress theme customization, or short-term contracts under one month. We also do not provide non-technical staffing (marketing, sales or design-only roles). Our strongest fit is blockchain, FinTech and healthcare projects where security, compliance and high-load architecture are critical. For smaller projects or MVPs under $10,000, we recommend exploring freelance platforms or no-code tools as a more cost-effective starting point.

Why does Pharos Production use agile methodology?

We use agile with 2-week sprints because it reduces the risk of building features that miss the mark. Each sprint ends with a working demo, a retrospective and a plan for the next iteration. This means clients see progress every 14 days and can adjust priorities based on real results, not assumptions. According to the Standish Group CHAOS Report (2024), agile projects are 3x more likely to succeed than waterfall projects. We chose this approach after years of experience showing that rigid, fixed-scope contracts lead to scope creep, missed deadlines and products that do not match market needs by launch day.

When should you NOT hire a custom software development company?

Custom development is not the right choice in every situation. You should not hire a custom software company if: your problem is fully solved by an existing SaaS product (e.g. Shopify for e-commerce, Salesforce for CRM); your budget is under $10,000 and timeline is under 4 weeks; you need a simple landing page or marketing website (WordPress or Webflow is faster and cheaper); or you are still validating the idea and have not spoken to potential users yet. In these cases, off-the-shelf tools or no-code platforms offer better ROI. Custom development makes sense when you need unique workflows, regulatory compliance, high-load architecture or competitive differentiation that packaged software cannot provide.

What kind of projects has Pharos Production delivered?

Here are three anonymized examples from our recent delivery history: FinTech startup – payment platform (MVP) Scope: mobile app + backend API with bank-grade encryption. Team: 4 engineers, 1 QA. Timeline: 10 weeks. Budget: $38,000. Result: launched on schedule, processed $2M+ in transactions within the first quarter. Healthcare provider – patient portal (Full product) Scope: HIPAA-compliant web platform with EHR integration, appointment scheduling and telemedicine. Team: 6 engineers, 1 DevOps, 2 QA. Timeline: 6 months. Budget: $120,000. Result: 15,000+ active patients, zero compliance violations in two annual audits. Crypto exchange – trading engine (Complex) Scope: high-load matching engine handling 50,000+ orders per second, multi-chain wallet infrastructure on Ethereum and Solana. Team: 8 engineers, 2 QA, 1 security auditor. Timeline: 11 months. Budget: $340,000. Result: 99.97% uptime, passed three independent security audits. See more projects: NoMoreBets, Pulse, Sagas, Gambit Stream and Pleenk. For the full portfolio, visit our case studies. Learn more about the technology behind these projects in our guide to stablecoins and crypto infrastructure.

About

About Pharos Production

Custom software development company since 2013

We build complex software for founders and enterprises that need deep engineering: AI systems, FinTech platforms, blockchain protocols and enterprise integrations. 90+ engineers across US and Ukraine, 70+ apps delivered to 200+ clients across 18 industries.

18 reviews 315+ verified reviews

Who we are

Pharos Production is a software development and AI engineering company founded in 2013 by Dmytro Nasyrov (PhD AI, 23 years engineering experience, Kyiv Polytechnic Institute lecturer). Our team ships production systems for founders and enterprises who need real engineering depth, not generic agency work.

We decline roughly 30% of incoming RFPs when we believe AI or a given technology is not the right answer. We prefer to recommend the honest path rather than sell more scope. That posture is why our Clutch rating is 5.0 across 90+ reviews and why our average client engagement runs more than three years.

What we do

AI engineering: LLM integration, agents, RAG systems, ML platforms, AI infrastructure
FinTech development: payment systems, banking platforms, compliance tooling
Blockchain and Web3: protocol engineering, DeFi, NFT, crypto wallets
Custom software: enterprise platforms, SaaS, marketplaces, mobile apps
Staff augmentation and CTO-as-a-service

By the numbers

Founded 2013 in Kyiv, Ukraine. Primary sales office in Las Vegas, Nevada
90+ engineers, designers, product managers and compliance specialists
70+ apps delivered to 200+ clients across 18 industries
315+ aggregated client reviews rated 5.0 across Clutch, GoodFirms, G2 and Glassdoor
ISO 27001:2022, SOC 2 Type II, HIPAA, PCI DSS Level 1, GDPR compliant

Our approach

We apply the Pharos Verified Delivery methodology: weekly client demos, written decision records, reference architectures and post-mortem culture. Every project has a named CTO-level lead, an assigned product manager and a documented exit plan. Clients own their source code, infrastructure credentials and roadmap artifacts from day one.

Last reviewed: April 22, 2026