Nexos, a powerful new force in the rapidly growing European artificial intelligence sector, has recently come out of stealth mode with tremendous energy and potential. This could change rapidly after the company today announced the successful €30 million Series A funding round, roughly $35 million. This funding will allow Nexos.ai to accelerate its mission of making the adoption of secure AI tools faster and safer for enterprises.
Returning investors Index Ventures, Creandum and Dig Ventures took part in the round. Joining in on the fun were some high-profile angel backers including the CEOs of Datadog, Klarna, Supercell and Wix. This support highlights the faith that influential technology leaders, including Accel Partners’ Arun Mathew and former Cisco CEO John Chambers, have in Nexos.ai’s mission and potential.
Founded by Tomas Okmanas and Eimantas Sabaliauskas, who co-founded Nord Security—known for its popular product NordVPN—Nexos.ai aims to serve as a neutral intermediary for AI models. The company markets itself as the “Switzerland for LLMs,” delivering an enterprise-ready platform that securely connects employees to AI systems.
As seen in Nexos.ai’s platform, it can act as a neutral intermediary, connecting employees to multiple generative AI systems. It simplifies access to nearly 200 models of AI. This creates a one-stop-shop point of entry that cuts through the sometimes confusing and overwhelming landscape of AI tools. This strategic move prepares companies to adopt powerful AI technologies while having full control over their sensitive data.
In a statement regarding the company’s operational efficiency, Okmanas noted, “That’s why we didn’t need to hire 500 people and saved €10 million this year alone.” Exemplifying Nexos.ai’s commitment to fiscal responsibility is its remarkable efficiency. At the same time, it challenges the rest of us to deliver value alongside the cutting-edge technology solutions.
With the new funding, Nexos.ai will increase its capabilities to support private models. These models will take a targeted focus on sensitive data needs. This is especially true for those enterprises that operate in highly regulated spaces where governance and data sovereignty are the highest priority. By confronting these challenges, Nexos.ai hopes to draw in more tech-savvy organizations which tend to already have AI woven into their everyday operations.
The company’s sights aren’t merely set on home markets. It’s no wonder that Utrecth has such ambitious plans to expand throughout Europe and North America! This move will enable Nexos.ai to tap into diverse markets and cater to a wider audience seeking secure AI adoption.
Nexos.ai is deeply committed to serving the public good and to becoming a trusted intermediary in the emerging AI ecosystem. Its strategic emphasis on security and governance underlines this commitment. Enterprises are more concerned than ever about data leaks and privacy violations. Nexos.ai proves to be an invaluable partner, making sure AI technology is integrated safely.
