Coframe Raises $25M in Series A Funding to Expand AI

Coframe, a San Francisco, CA-based provider of websites, landing pages, and ads that continuously generate, test, and improve themselves, has raised $25 million in a Series A funding round brought the total amount to $35 million.

The round was co-led by Khosla Ventures and Hanabi Capital, with participation from leaders at OpenAI, Anthropic, and Google DeepMind, alongside Nat Friedman and Antler.

The company will use the funds to accelerate product development, expand its AI agent capabilities and grow its operations.

What is Coframe?

Founded in 2023 by Josh Payne, Coframe develops AI-powered tools that help businesses create and improve websites, landing pages and advertisements.

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Its platform uses a specialised transformer model trained on user interactions, along with a team of AI agents that handle different tasks. These agents work as a strategist, designer, software engineer, quality assurance specialist and data scientist.

Together, they can create, test and improve hundreds of website and advertising variations in minutes. The platform uses customer interaction data to understand how people engage with digital experiences and identify ways to improve performance.

Coframe aims to help businesses run more experiments, improve conversion rates and reduce the time and resources required for website development and testing.

How Much Funding Has Coframe Raised?

Coframe has raised $25 million in its latest Series A round, bringing its total funding to $35 million.

The company has not disclosed details of its previous funding rounds or their investors.

Who Invested in Coframe’s Series A?

The $25 million Series A round was co-led by:

• Khosla Ventures
• Hanabi Capital

Other participants included leaders from OpenAI, Anthropic and Google DeepMind, along with Nat Friedman and Antler.

Why the Funding Matters

Coframe will use the new capital to develop its products, expand its AI agent capabilities and scale its operations.

The company is also working on tools for a changing internet, where AI agents are expected to play a larger role in researching products, comparing options and making purchases.

As part of this effort, Coframe is collaborating with OpenAI on its ChatGPT ads offering. The work allows businesses to optimise advertisements and landing pages together as a continuously improving experience.

Who founded Coframe?

Coframe was founded in 2023 by Josh Payne. The company is headquartered in San Francisco, California.

"We're building an internet that improves itself," said Josh Payne, founder and CEO of Coframe. "A digital experience should understand what it is trying to accomplish, adapt to the person interacting with it and learn from every result.

Market and Business Growth

Coframe says its platform has generated more than $300 million in incremental revenue for customers.

The company has reported conversion rate improvements of 158% for Dropbox, 410% for Replit and 60% for Cash App. Across its customer base, which also includes BCG, Block, Backcountry and Sur La Table, conversion rates have improved by more than 20% on average.

Coframe also reports a 39% experiment win rate across thousands of variations, more than three times the industry average. Its platform has helped customers increase testing speed by at least 10 times.

At Dropbox, an experiment that previously required four weeks of engineering, design and quality assurance work was built and deployed in 30 minutes using Coframe.

What Happens Next?

Coframe plans to expand its AI agent capabilities and continue developing its platform for websites, landing pages and advertising.

The company is also preparing for increased activity from AI agents across the internet. Through its work with OpenAI, it aims to help businesses optimise digital experiences for both human visitors and AI-driven interactions.

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