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UnifyApps Raises $20M Series A to Deliver AI Agents Across the Enterprise

UnifyApps Raises $20M Series A to Deliver AI Agents Across the Enterprise

November 14, 2024 Craig Etkin

Amidst strong growth, company welcomes new Chief Revenue Officer Haitham ElKhatib

November 08, 2024 12:00 PM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–UnifyApps, the Unified Enterprise AI Agent platform, today announced the closing of a $20 million Series A funding round led by ICONIQ Growth, with participation from existing investors including Elevation Capital. ICONIQ Growth General Partner Matt Jacobson has joined UnifyApps’ board of directors as part of the new funding. This latest round brings the company’s total funding to $31 million as it aims to bring the benefits of AI to every department with their Unified Enterprise AI Agent platform.

“UnifyApps understands that you need a holistic approach to achieve trusted, effective AI agents”Post this

Over the past year, UnifyApps has built a comprehensive foundation to connect and automate enterprises. As the enterprise landscape has rapidly evolved in recent years due to the proliferation of SaaS technology, today’s modern enterprises are forced to grapple with hundreds of disparate data and software applications. The impact can be costly – resulting in efficiency losses, data silos, untapped cost optimizations and fragmented workflows. Designed for scalability and complexity, UnifyApps deeply integrates with all the SaaS applications seamlessly within an enterprise. By making it easy for enterprises to view and manage all their data in a single place, the platform empowers teams to automate business workflows and create sophisticated enterprise-grade applications using their no-code approach.

Now, UnifyApps is harnessing the power of its platform to introduce Unified Enterprise AI Agent Platform. UnifyApps now enables teams to build bespoke AI agents trained on enterprise knowledge to benefit any department within an enterprise – from IT to HR to Sales. The platform’s comprehensive suite of tools includes observability, compliance, and fine-tuning capabilities to provide enterprise-ready AI Agents that prioritize accuracy, security, and auditability. UnifyApps prioritizes flexibility, with the option to deploy on a private cloud and allowing customers to choose the LLM that best fits their specific needs.

“UnifyApps understands that you need a holistic approach to achieve trusted, effective AI agents,” said ICONIQ Growth General Partner Matt Jacobson. “By aligning every data source and application to an enterprise use, they are enabling AI to actually understand and orchestrate work. We are proud to be working with UnifyApps co-founder and CEO Pavitar Singh again, as we believe he deeply understands what is required for the largest enterprises to address their data fragmentation problems to achieve amazing results.”

In conjunction with the new funding, UnifyApps has welcomed Haitham ElKhatib as the company’s new Chief Revenue Officer and co-founder. Prior to joining UnifyApps, ElKhatib served as the Senior Vice President of Sales for Growth Markets at Sprinklr. His proven track record in scaling enterprise software companies will be instrumental in accelerating UnifyApps’ market penetration and revenue growth.

“UnifyApps is deeply grateful for the opportunity to work with ICONIQ Growth, a team that is unrivaled in their ability to uplift the next big players in SaaS,” said Pavitar Singh, CEO and co-founder of UnifyApps. “Their deep network and partnership will be instrumental in our next stage of growth as we bring our AI agent platform to enterprises everywhere.”

UnifyApps has gained significant traction with early customers, including one of the leading banks, a leading telecommunications provider, and a leading security company, amongst many others. The customer momentum underscores the pressing demand for solutions that simplify and accelerate AI adoption within an enterprise. As a result of this success, the company has experienced rapid growth, expanding its team to over 150 employees and establishing new offices in Gurgaon, Dubai and New York.

About UnifyApps

UnifyApps is a cutting-edge Unified Enterprise AI Agent Platform, revolutionizing how enterprises connect disparate applications and enable AI agents across departments. Founded in 2023 by Pavitar Singh along with a team of visionary co-founders – Abhishek Khurana, Rachit Mittal, Sumeet Nandal, Haitham Elkhatib, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, Shivam Satrawal, and Rohan Vijay – UnifyApps operates globally with headquarters in India, Dubai, and the United States. The platform empowers enterprises to reduce fragmented systems and bridge data silos by enabling teams to develop data pipelines, automate workflows, build enterprise-grade applications, and deploy AI Agents. Designed for enterprise scalability, complexity and security, UnifyApps is at the forefront to accelerate benefits of AI to every department in an enterprise.

About ICONIQ Growth

ICONIQ Growth partners with visionaries defining the future of their industries to transform the world. Our investment platform and unique ecosystem helps amplify our portfolio companies’ success from early growth stage to IPO and beyond. Our portfolio includes Adyen, Airbnb, Alibaba, Alteryx, Automattic, BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab, Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan, Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among others. For more information, please visit ICONIQGrowth.com.

Contacts

UnifyApps
hello@unifyapps.com

(c)2024 Business Wire, 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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