Unframe takes $50M more from Highland Europe on $100M TCV in 12 months
The Shay Levi-led enterprise AI delivery platform has doubled its total funding to $100m and is posting numbers, including 400% net revenue retention, that put it in the top decile of any enterprise-software vintage.
Unframe, the Cupertino-based managed AI delivery platform co-founded by Shay Levi, has raised an additional $50m in funding led by Highland Europe, the company said on Monday.
Bessemer Venture Partners, Craft Ventures, TLV Partners, Third Point Ventures, Cerca Partners, and Vintage Investment Partners joined as returning investors. The round brings the 14-month-old company’s total funding to $100m.
The funding figure is the smaller half of the announcement. The substantive claim is the customer’s. Unframe says it has crossed $100m in total contract value over the past twelve months at a 400% net revenue retention rate, with the customer base spanning Fortune 500 enterprises across multiple geographies.
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