Long-time collaborators Nexos.ai, an emerging leader in the artificial intelligence sector, have recently locked down a successful Series A funding round. They just closed a €30 million round, or roughly $35 million. Index Ventures provided the bigger investment. This pulled in some fantastic investors such as Creandum, Dig Ventures and top angel backers. The CEO of popular tech companies such as Datadog, Klarna, Supercell and Wix have participated as angel investors. Their interest and commitment demonstrate the high demand for Nexos.ai’s cutting-edge approach.
Born in Vilnius, Lithuania, Tomas Okmanas and Eimantas Sabaliauskas started Nexos.ai. Their platform helps large organizations govern the use of generative AI tools within the enterprise. The platform includes talent-matching tools, which help connect employees directly with the best-fit AI systems. It provides a user-friendly entry point, providing access to nearly 200 unique AI models. This innovative framework would have significant implications for usability and would home in on serious issues with data governance and data security.
Nexos.ai intends to use the new investment to speed up its support for private models that can work with sensitive data. Nexos.ai is designed exclusively for data-driven, tech-savvy companies that use AI technologies on a daily basis. It is particularly valuable for associations operating in other regulated, compliance-driven environments. These companies more than ever would not like to see governing-related controversies. They’re scared of the dangers associated with transmitting user data to AI models based offshore.
The company indeed has an audacious vision. Similar to its ambitions in the AI space, it aims to be the “Switzerland for LLMs,” the neutral arbiter of large language models. We believe that this strategy will appeal greatly to mission-driven enterprises looking for trustworthy, safe, effective AI.
Nexos.ai came out of stealth last August and recently raised an $8 million seed round led by Index Ventures. Since then, the company has begun to pick up some serious steam. Okmanas and Sabaliauskas, the company’s co-founders, have a stellar record. Previously, they co-founded Nord Security, the company responsible for NordVPN, which has since expanded into a $3 billion cybersecurity juggernaut. Their decade of tech sector experience adds credence to their Nexos.ai mission.
As a sign of this high interest, Nexos.ai’s small team is now working about 50 to 60 demo calls a week with interested state and local clients. The company is tackling the deep challenges in AI adoption, while still maintaining strong security modes. This ability makes the platform appealing to companies looking for ways to leverage artificial intelligence that don’t require them to violate the sanctity of their own data.
Okmanas highlighted the company’s operational efficiencies, stating, “That’s why we didn’t need to hire 500 people and saved €10 million this year alone.”
