CloudFrame, a software company bridging the mainframe innovation gap through modernization of legacy technologies, today announced the closing of a Series A funding round led by Eldridge, with additional investments from Henry Kravis and individual members of New York Angels.

CloudFrame frees mainframe applications from COBOL, giving customers automated, incremental, low-risk, low-cost ways to transform those applications into fully supportable cloud-native Java. Our products give customers control and the ability to transform mainframe applications quickly, removing vendor dependency completely and fully enabling digital transformation.