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MAINFRAME SECURES $5.5M SEED ROUND FOR AI-POWERED PRODUCTIVITY TOOLS WITH ANEMPHASIS ON SEAMLESS, BEAUTIFUL DESIGN

MAINFRAME SECURES $5.5M SEED ROUND FOR AI-POWERED PRODUCTIVITY TOOLS WITH ANEMPHASIS ON SEAMLESS, BEAUTIFUL DESIGN

December 10, 2024 Craig Etkin

Co-founded by Figma and Cash App veteran Jordan Singer, Mainframe’s mission is to reimagine how
people interact with computers starting with Cobot, an AI assistant agent

San Francisco, CA — December 10, 2024 — Mainframe, the company designing seamless, intelligent,
and beautiful generative productivity software, has announced an oversubscribed $5.5M seed funding
round. The round was co-led by Peter Boyce II of Stellation and Lachy Groom, with participation from
Alana Goyal, Akshay Kothari (co-founder of Notion), Weekend Fund and others. This milestone brings the
company’s total funding to $6.75M and highlights investor confidence in Mainframe’s vision to build tools
that elevate human productivity and reimagine how humans and computers interact.

Mainframe co-founder Jordan Singer is renowned for his work in design and product innovation, bringing
a proven track record that includes founding Diagram (one of the earliest design tools to natively
incorporate AI) – acquired by Figma – and driving impactful user experiences during his tenure at Cash
App. Singer’s background in building tools that combine design with advanced functionality inspires
Mainframe product philosophy: prioritize user experience, simplicity and elegance. He is joined by a
distributed team of engineers and product innovators, with talent spanning San Francisco, New York,
Canada, and Europe. The company’s remote-first approach both echoes the innovative spirit of San
Francisco – leveraging technology to work more efficiently – and embraces the flexibility and inclusivity of
having a global team. The combined wealth of industry experience underscores Mainframe’s ability to
lead the fast-evolving AI software space.

“At Mainframe, we’re imagining a future where AI is the default, software generates itself and agents are
the new apps,” said Jordan Singer, co-founder and CEO of Mainframe. “Large language models have
transformed the perceived capabilities of computers. We’re building what it looks and feels like to operate in a new environment where the bicycle for the mind has an engine.”

Mainframe is pioneering the development of generative productivity software that transforms digital
workflows. The company’s debut product, Cobot, is a generative AI assistant designed to anticipate user
needs and streamline daily tasks launching in Q1 of 2025. Unlike traditional tools that passively wait for
input, Cobot actively collaborates with users, leveraging advanced AI to predict actions and reduce
repetitive tasks, freeing users to focus on more meaningful work.

“Mainframe is redefining what it means to interact with technology by creating tools that feel less like
software and more like a trusted collaborator,” said co-lead investor Lachy Groom. “The company’s
vision for intelligent, proactive AI solutions like Cobot addresses a significant gap in the productivity
space, and we believe they are poised to set a new standard for how people work with computers.”
“It’s exciting to see a number of new AI products on the market, but enduring success will likely belong to
tools that do more than just perform tasks quickly, focusing instead on genuine user-friendliness and
intuitive design,” said Peter Boyce II, founder and managing partner at Stellation Capital. “The team
at Mainframe is well-positioned to deliver these platforms having directly developed some of the most widely used consumer and enterprise digital products. We’re eager to witness their long-range vision take
shape.”

The funding will enable Mainframe to expand its team, accelerate product development, and bring
innovative solutions to market. Mainframe is actively hiring across engineering and product roles to build
the foundation for future breakthroughs in human-computer interaction.

For more information, visit mainfra.me

About Mainframe
Mainframe designs seamless, intelligent, and beautiful generative productivity software for everyone. With collective expertise in AI, product development, and user-centric design, the company is positioned at the intersection of technology and usability. Founded in 2024, Mainframe has raised $6.75M in funding to date from investors including Peter Boyce II of Stellation and Lachy Groom, with participation from Alana Goyal, Akshay Kothari (co-founder of Notion), Weekend Fund and others.

Media Contact:
mainframe@astrskpr.com

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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