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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The growth pattern Unframe describes is one in which an enterprise hits a specific operational bottleneck, the company delivers a tailored production-grade solution in days, and the contract value then compounds inside the same customer as adjacent use cases are pulled into the deployment.
‘Every enterprise we speak with has a backlog of high-impact AI use cases and almost nothing in production,’ chief executive Shay Levi said in the statement.
‘We built Unframe to close the gap between ambition and execution.’
The framing positions a category as much as a product. Unframe is selling itself as the managed-delivery layer that sits between an enterprise’s AI ambition and the foundation models it has chosen, an explicit alternative to the build-it-yourself and hire-a-systems-integrator paths most Fortune 500 firms have defaulted to over the past eighteen months.
Levi’s prior track record sits behind the credibility of the pitch. He co-founded API-security company Noname Security, which Akamai acquired in 2024 for around $450m, on Calcalist Tech’s accounting.
Larissa Schneider is chief operating officer; Adi Azarya leads R&D. The company emerged from stealth in April 2025 with a previously undisclosed $50M round.
The new lead investor is the part that signals the next leg of the company’s geographic and customer mix. Highland Europe, the London-based growth-stage firm currently investing its fifth fund of €1bn, has historically backed European category leaders including Wolt, GetYourGuide, WeTransfer, Nexthink, ContentSquare, and Malwarebytes.
Jacob Bernstein, the Highland Europe principal on the deal, framed the bet in the statement: ‘Moving from idea to something that actually works in production is where most initiatives stall. Unframe is closing that gap.’ Unframe already operates from offices in Tel Aviv and Berlin alongside its Cupertino headquarters.
Customer references in the announcement skew toward services-and-consulting buyers rather than pure enterprise software customers. The company’s positioning against the build-versus-buy decision; today’s announcement includes a quote from Phillip Lockhard, chief digital officer and partner at Credera, the consulting firm.
Lockhard’s framing is the relevant one: ‘Scaling AI requires a smart build, buy, or borrow approach. For us, Unframe provides a clear buy path, with reusable foundations that drastically shorten the road to impact.’
The implication is that Unframe is competing for the consulting-firm budget line that has historically been spent on bespoke integrations with the Big Four.
The competitive context the round lands in is unusually busy. Dust raised $40m last week on a ‘multiplayer AI’ positioning for enterprise teams; OpenAI’s Tomoro acquisition established a $14bn ‘Deployment Company’ structure aimed at the same delivery-services budget; Anthropic shipped ten financial-services agent templates earlier this month and consolidated distribution through Microsoft 365 and Snowflake.
The buyer Unframe is selling to has, in other words, more delivery-layer options than ever before, and is going to be running comparative pilots between them through 2026.
What Unframe did not disclose is run-rate revenue, gross margin, or named Fortune 500 customers beyond Credera’s reference.
The $100m TCV figure is contracted value over the twelve-month window rather than recurring revenue, and the 400% net-revenue-retention figure, while striking, is the company’s own internal measurement and is not independently audited.
The company said it will use the proceeds to scale delivery capacity, deepen platform investment, and expand the senior leadership team.
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