Coframe Raises $35 Million to Build the "Living Internet"

Khosla Ventures and Hanabi Capital co-lead funding for autonomous AI platform that continuously builds, tests and improves digital experiences

SAN FRANCISCO, Nov. 9, 2026 /PRNewswire/ -- Coframe, the company building websites, landing pages, and ads that continuously generate, test and improve themselves, today announced it has raised $35 million in total funding, including a $25 million Series A co-led by Khosla Ventures and Hanabi Capital, with participation from leaders at OpenAI, Anthropic, and Google DeepMind.

Founder and CEO Josh Payne calls the company's vision "the living internet." Instead of every visitor seeing the same static website, Coframe plugs into a company's website or advertising campaigns and continuously generates, tests and deploys new variations, personalizing what each visitor sees and improving performance in real time. Apps, email, and other digital experiences are next on the roadmap.

Behind it is a specialized transformer model trained on user interactions, and a team of AI agents: a strategist, a designer, a software engineer, a QA specialist, and a data scientist, that can ideate, build, test and optimize hundreds of website and ad variations in minutes.

Coframe has generated more than $300 million in incremental revenue for its customers, including conversion rate increases of 158% for Dropbox, 410% for Replit, and 60% for Cash App. And the results come fast: for one Fortune 500 customer, Coframe launched dozens of variations and delivered a 70% lift in conversion within 30 days of contract signature. Across its customer base, which includes Dropbox, BCG, Block, Backcountry, Sur La Table, and other leading brands, conversion rates have improved by more than 20% on average.

At Dropbox, an experiment that previously required four weeks of engineering, design, and QA work was built and deployed in 30 minutes with Coframe. Across thousands of variants, the platform has achieved a 39% experiment win rate, more than three times the industry average, while increasing customers' testing velocity ten times or more.

"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. Instead of waiting months for the next redesign, companies should have websites and applications that get better every day."

"For decades, the web has been frozen in place, showing every visitor essentially the same page," said Vinod Khosla, founder of Khosla Ventures. "Coframe is building the living internet, where two people can visit the same website and have completely different experiences, personalized to who they are and what they need. These interfaces continuously learn and improve themselves. This is a huge leap beyond traditional A/B testing and the next iteration of the internet."

"The way most companies build and manage their user interfaces today is wrong, and in a year or two it will be obvious why that is," said Pavlo Razumovskyi, co-founder and VP of Engineering of Coframe. "User interfaces should improve themselves, and be personalized to every user."

Coframe is also building for a future where a growing share of web traffic comes from AI agents that research, compare and buy on people's behalf. That work is already underway through a collaboration with OpenAI on its ChatGPT ads offering, enabling customers to optimize the ad and the landing page as one continuously learning experience, building on an earlier partnership between the companies on training a specialized model for generating on-brand code and creative assets. Coframe is also baking agent best practices directly into every website it builds.

Payne founded Coframe in 2023 after studying Mathematics and Computer Science at Stanford University with a focus in AI, where he completed undergrad and dropped out of the MS and MBA programs. He previously co-founded Autograph with Tom Brady, which reached a valuation of more than $2 billion, and created GPT-Migrate, an early autonomous coding agent that became the top-ranked project on GitHub globally.

Coframe has acquired companies founded by two early Optimizely executives: Bo Mohazzabi, now VP of Go-to-Market, and Steven Ebin, now General Manager of Revenue Optimization.

About Coframe

Coframe is building the living internet: digital experiences that continuously generate, test, learn and improve themselves for humans and AI agents. Its autonomous AI agents combine strategy, design, software engineering and data analysis to optimize websites, landing pages and advertising. They are powered by Coframe's proprietary foundation model of user behavior, a custom transformer trained on how people move through digital experiences across hundreds of millions of sessions each month, so every experiment makes the next one smarter. Founded in 2023 by AI researcher and entrepreneur Josh Payne, Coframe has generated more than $300 million in incremental revenue for its customers. The company is backed by Khosla Ventures, Hanabi Capital, Nat Friedman, Antler, and other leading technology investors. Learn more at coframe.com.

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SOURCE Coframe Inc.