Unframe, which develops an enterprise AI platform, is acquiring the assets of Swish.ai for approximately $150,000 after the Israeli startup entered insolvency proceedings. The Tel Aviv District Court approved the fast-track sale of the company, which operated in the field of enterprise IT service management and focused on developing AI-based solutions.
The company was represented by attorney Idan Miller, head of Insolvency and Recovery at Barnea Jaffa Lande & Co.
“The court granted the company’s request, appointed a temporary trustee, and approved the sale within an unusually short period of just two weeks in order to prevent the company’s collapse. The high-tech sector has recently experienced a wave of financial distress. The weak…