Highland Europe

Unframe Acquires Swish AI to Boost Enterprise AI Data

Unframe, a managed AI delivery platform for enterprises, announced the acquisition of Swish AI to strengthen its enterprise AI platform and expand AI-native data capabilities. The move aims to incorporate Swish AI’s AI-native data warehouse technology — originally developed for IT service management (ITSM) and operations — into Unframe’s broader enterprise offering. Unframe recently reported crossing $100 million in total contract value (TCV) within 12 months and secured an additional $50 million funding round led by Highland Europe, bringing its total funding to $100 million. Swish AI, founded in 2018, has raised more than $20 million. Unframe says the acquisition will help deliver deterministic AI solutions across more enterprise workflows and make Swish AI customers eligible for a broader set of Unframe services and use cases.

Unframe Raises $50M Series B for Enterprise AI

Unframe, an enterprise AI start-up co-founded by German entrepreneur Larissa Schneider, closed a $50 million Series B led by Highland Europe to fund international expansion and product development. Founded in spring 2024 and headquartered in Cupertino with R&D in Tel Aviv and operations managed from Berlin, Unframe says it reached more than $100 million in contracted business within its first 12 months. The company, whose founders also include CEO Shay Levy and co-founder Adi Azarya, plans to double headcount from about 150 to 300 and expects ARR to grow five- to sixfold this year. investors that participated again include Bessemer Ventures, Craft Ventures, TLV, Third Point, Cerca and Vintage, bringing total funding to roughly $100 million to date.

Nothing Launches First Retail Store in India

Nothing, the hardware startup backed by Tiger Global, has opened its first retail store in India, located in Bengaluru. The two-story store will showcase Nothing’s products alongside CMF, a budget brand the company spun off last year, and will offer purchases, customization, and factory/test-line-inspired exhibits. CMF is headquartered in India and operates a joint venture with local ODM Optiemus. Nothing said India is its largest market; research firm IDC reported the company held over 2% of India’s smartphone market and was the fastest-growing brand in Q2 2025 with 85% year-over-year shipment growth. The Bengaluru location is Nothing’s first store outside London, and the company plans additional stores in Tokyo and New York. Nothing raised $200 million in a Series C at a $1.3 billion valuation last year and has raised $450 million to date.