Nexos.ai Secures €30 Million Series A Funding to Advance AI Adoption
Transforming AI Usage in Enterprises
Lithuania’s prominent entrepreneurial duo, Tomas Okmanas and Eimantas Sabaliauskas, is making waves in the tech world by addressing the critical challenges associated with integrating artificial intelligence (AI) in enterprises. Their latest venture, Nexos.ai, has successfully raised €30 million (approximately $35 million) in a Series A funding round, further establishing the company as a key player in the AI industry.
Funding Milestone and Strategic Partnerships
This significant investment follows Nexos.ai’s recent unveiling and its prior funding of $8 million led by Index Ventures. The latest round was co-led by Index and Evantic Capital, driving the company’s valuation to an impressive €300 million (around $350 million). The funding attracted not only the interest of seasoned investors but also angel backers, including prominent CEOs from well-known tech companies such as Datadog, Klarna, Supercell, and Wix.
Matt Miller, a former Sequoia Capital partner and current head of Evantic, played a pivotal role in facilitating this investment, even as Nexos.ai was not actively seeking funds. Okmanas and Sabaliauskas, known for their successful bootstrapping of Nord Security (parent of NordVPN), are now recognizing the benefits of venture capital partnerships.
A Unique Approach to AI Integration
Nexos.ai’s innovative platform is designed to securely facilitate the adoption of AI tools within organizations by acting as an intermediary between employees and AI systems. Okmanas highlights the growing concern over corporate data exposure, noting that employees frequently upload sensitive information to large language models (LLMs). Rather than imposing restrictions on AI use, Nexos.ai aims to be the “Switzerland for LLMs,” ensuring data protection while maintaining productivity.
The platform’s distinct features include an AI Workspace for users and an AI Gateway tailored for developers. This gateway serves as a control layer focused on security, cost management, and compliance, streamlining access to approximately 200 AI models while reducing fragmentation—an obstacle many enterprises face in adopting AI technologies.
Expanding Market Reach and Future Plans
With the new funding, Nexos.ai is set to enhance its offerings, particularly in supporting private models for handling sensitive data. The company has identified a substantial gap in AI governance, especially for businesses in regulated sectors needing to navigate compliance and data sovereignty concerns.
Okmanas mentioned that the company is conducting 50 to 60 product demonstrations weekly, targeting tech-savvy organizations and firms operating in regulated industries. The recent funding will facilitate Nexos.ai’s expansion into Europe and North America, capitalizing on the increasing demand for effective AI governance solutions.
The Mission: Simplifying AI Adoption
Nexos.ai strives to eliminate barriers hindering widespread AI adoption within businesses. While skepticism remains regarding AI’s tangible value, Okmanas points to successful implementations within Tesonet’s portfolio companies, such as Hostinger, where an AI assistant significantly minimized the need for human customer support, saving the company €10 million in the process.
Although Okmanas refrained from disclosing specific revenue figures for Nexos.ai, he expressed optimism about the company’s growth trajectory—projecting a team expansion to 100 members by the end of the year, primarily in Europe. This growth could potentially open new avenues for Nexos.ai, including opportunities with public institutions facing data sovereignty challenges.
As Nexos.ai embarks on this journey, the firm is firmly positioned to reshape how enterprises engage with AI tools, fostering a more secure and productive digital environment.
