After raising $20 million, collapsed startup Swish.ai sells to Unframe for just $150,000

▤ Summary

Unframe is buying Swish.ai’s assets for about $150,000 after the enterprise AI startup entered insolvency proceedings. Swish.ai operated in enterprise IT service management and sold AI-based solutions to major customers such as Coca-Cola, Nestlé, Amdocs, and CyberArk. The company had raised about $20 million and generated roughly $2 million in annual contract revenue before collapsing. The court approved the fast-track sale within two weeks to preserve operations and assets. The deal reflects wider financial stress across the high-tech sector and the growing use of rapid distressed sales to keep software businesses alive.

▦ Linked Companies

Swish AI Inc.

$1M to $5M