Enterprise artificial intelligence platform startup Unframe Inc. launched today with an announcement that it has raised $50 million in funding to support global expansion and sales growth while enhancing its platform by accelerating research and development.

Unframe was founded by Chief Executive Shay Levi, a co-founder of application programming security startup Noname Security Inc., which was acquired by Akamai Technologies for $450 million last year, along with industry veterans Larissa Schneider and Adi Azarya. The aim is to deliver ready-to-use AI solutions that allow companies to solve any enterprise AI use case at large scale.

The company’s turnkey AI solutions are designed to deliver fully functional, tailored AI solutions for businesses in a matter of hours rather than months. Although only formally launching today, the company debuts with millions in annual recurring revenue and partnerships with dozens of large enterprises across the globe.

“For too long, businesses hungry to innovate have been slowed by costly legacy software and services companies,” said Levi. “We’ve reimagined what’s possible by creating a platform that challenges the status quo of enterprise software and empowers companies to save time, cut costs and modernize the way they operate.”

Unframe flexible AI platform allows enterprises to deploy tailored solutions for any use case, with no limits on users, queries or integrations. Its secure architecture also supports integration with software-as-a-service tools, application programming interfaces, databases and files while keeping all data in the customer’s protected environment.

The platform’s outcome-based pricing model ensures companies only pay once when they see real value. The different approach allows organizations to experience measurable results before making a financial commitment.

The venture capital funding came from Bessemer Venture Partners LP, TLV Partners Ltd., Craft Ventures LP, Third Point Ventures, SentinelOne Ventures, Cerca Partners and Terra Nova Ventures.

“There is endless opportunity to help businesses save time and money by leveraging AI to solve all their operational challenges,” said Amit Karp, a partner at Bessemer Venture Partners. “Unframe is flipping enterprise AI on its head by quickly providing customized software based on an enterprise’s exact needs.”

Image: Unframe