Geniez AI, an Israeli startup building technology to link artificial intelligence systems with mainframe computers, has raised $6 million in Seed funding, co-led by StageOne Ventures and Canapi Ventures.
The startup is addressing a major problem in enterprise computing — how to make the huge volumes of real-time and historical data stored in mainframe systems usable in today’s world of large language models (LLMs) and AI agents.
Instead of relying on costly data migrations, Geniez AI provides a framework that allows AI systems to access mainframe data directly creating a bridge between long-standing infrastructure and the newest automation technologies.
“Mainframes are at the heart of the global economy, holding the most up-to-date transaction data as well as decades of historical data which are extremely valuable for AI,” said Gil Peleg, co-founder and CEO of Geniez AI. “We’re giving enterprises the best of both worlds: the power and trust of the mainframe with the innovation and velocity of the AI ecosystem.”
Peleg and co-founder Dan Shprung had earlier founded Model9, a mainframe data management startup that was acquired by BMC Software in 2023.
Mainframes are still widely used in industries like banking, insurance, government, and retail to handle highly sensitive and critical transactions. However, their long-standing stability has often kept them separated from the latest technologies.
Geniez AI’s framework runs directly on mainframes and uses standard generative AI protocols. This allows LLMs like OpenAI’s ChatGPT, Anthropic’s Claude, or Meta’s Llama to access mainframe systems directly, whether they are on-site or in the cloud.
Read more- Antom by Ant International Launches First Agentic Payment Solution
