PMI Properties is thrilled to announce that Ascend, an AI-powered platform revolutionizing the insurance industry, is the newest member of our Social Workplace community in SOMA, San Francisco. Ascend, which provides an all-in-one solution for insurance invoicing, payments, and accounting, has signed a 3.5-year lease for 13,700 square feet on the top floor, signaling a bold step forward for their rapidly growing team.

Insurance, Meet AI Automation
Ascend is transforming the insurance landscape by leveraging AI to unify invoicing, payments, and accounting tasks. Designed to boost revenue, improve margins, and enhance customer experience, their cutting-edge solutions are a natural fit for SOMA’s dynamic, innovation-driven environment.

SOMA’s Recovery and the Social Workplace Advantage
This lease represents more than just growth for Ascend—it’s a testament to SOMA’s resurgence as a hub of creativity and progress. PMI’s Social Workplace is at the heart of this recovery, offering a unique blend of functionality and hospitality-inspired design that caters to today’s top innovators.

The Social Workplace: A New Standard for Work
PMI’s Social Workplace reimagines the office as a vibrant community and club-like environment:

• Lounge spaces make up at least 50% of the layout, perfect for informal meetings and creative brainstorming.
• Purpose-built zones include a library for quiet work, team tables for collaboration, and a café setting powered by an in-house Starbucks Atmosphere..
• Premium amenities include a coffee house, gym, showers, and outdoor living rooms to maximize productivity and comfort.

Ready in 30 Days
For fast-moving AI startups like Ascend, time is of the essence. That’s why PMI’s move-in-ready spaces are available within just 30 days, providing a seamless transition into a workspace designed for speed, creativity, and growth.

Innovation Meets Legacy
From introducing Creative Office spaces in the ’90s to launching Start-Up Village in the 2000s, PMI Properties has a proven track record of shaping the workplace of the future. Our latest offerings, Club642 and Club625, continue this legacy by providing cutting-edge spaces that foster both innovation and connection.

Special Thanks
We’re grateful to Kat Kozlowski and John Diepenbrock of Raise, representing Ascend, and Brian and Mike McCarthy and Maddie Meyersieck of Transwestern, representing PMI Properties, for their collaborative efforts in bringing this partnership to life.

With Ascend’s AI-powered vision and our Social Workplace’s community-driven design, this partnership sets the stage for an exciting future. Together, we’re redefining what it means to work, collaborate, and innovate in the heart of San Francisco’s SOMA district.

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