Europe’s AI Hope Rises: Nexos.ai Secures $30M, Tackling Corporate AI Adoption Headache
Nexos.ai Breaks Down Barriers to AI Adoption with Record Funding Round
In the world of enterprise companies, AI often sparks both excitement and trepidation. Tomas Okmanas from Nord Security, a renowned entrepreneur, and his partner Eimantas Sabaliauskas have made it their mission to resolve this paradox. With the recent announcement that they’ve raised $35 million in Series A funding, the duo is poised to revolutionize the way companies adopt AI tools securely.
The new platform, Nexos.ai, functions as a middleman between employees and AI systems, acting as a "Switzerland for LLMs." Okmanas, co-founder of Nord Security and now Nexos.ai, believes that this approach holds immense potential. By implementing Nexos.ai, companies can reap the benefits of AI without compromising sensitive information.
To date, most enterprise companies have been hesitant to integrate AI due to concerns about security risks. However, with Nexos.ai, employees can upload sensitive data to LLMs seamlessly and securely while minimizing the risk of corporate data breaches. The platform addresses a pressing issue: data governance and control in the context of AI adoption.
Nexos.ai’s co-founders are no strangers to startup success. Okmanas and Sabaliauskas bootstrapped their previous businesses, including Nord Security, which is now valued at $3 billion after being bootstrapped. The duo recognized that there was value in seeking out venture capital for Nexos.ai, acknowledging the expertise and support they could draw from seasoned investors like Index Ventures.
What sets Evantic Capital apart from other funding firms is its focus on collaboration. Instead of a traditional equity stake, Evantic partners with portfolio companies to provide strategic guidance through a network of over 140 "Legends"—industry operators who share a piece of the fund’s profits in exchange for their expertise. The Evantic team offers insights that enable startups like Nexos.ai to accelerate product development and innovation.
Nexos.ai currently operates on two primary components: an AI Workspace interface for employees and an AI Gateway for developers. The gateway serves as a control layer for security, cost management, and compliance oversight while reducing fragmentation across various AI models. This platform ensures that private models can be used seamlessly with sensitive data, an essential feature for companies operating in regulated industries or wishing to manage risk more effectively.
Okmanas believes that the primary barrier to widespread AI adoption is not technology but rather organizational complexity. Traditional businesses have difficulty convincing their boards of directors about the benefits and merits of using AI tools. With Nexos.ai’s support, deploying AI becomes more manageable for companies looking to boost productivity while safeguarding sensitive data.
While early customers include Tesonet portfolio companies like Bulgarian fintech unicorn Payhawk, with an office in Vilnius, Okmanas is confident that the platform will experience broad growth and adoption not limited to regulated industries. Expansion into North America seems promising as well since Nexos.ai gains traction in Europe by offering secure AI solutions tailored for local businesses.
Okmanas emphasizes that his team’s goal goes beyond raising funding but rather aligning companies with the benefits of AI tools without neglecting governance. By implementing Nexos.ai, organizations can reap significant value and cost savings while improving data protection outcomes – as evidenced by results seen within Tesonet’s portfolio.
As we reach a pivotal moment for AI adoption in enterprise world, it becomes clear that security is one of the biggest hurdles to overcome with Nexos.ai paving the way to overcome just that challenge successfully.
Europe’s AI Hope Rises: Nexos.ai Secures $30M, Tackling Corporate AI Adoption Headache
Nexos.ai Breaks Down Barriers to AI Adoption with Record Funding Round
In the world of enterprise companies, AI often sparks both excitement and trepidation. Tomas Okmanas from Nord Security, a renowned entrepreneur, and his partner Eimantas Sabaliauskas have made it their mission to resolve this paradox. With the recent announcement that they’ve raised $35 million in Series A funding, the duo is poised to revolutionize the way companies adopt AI tools securely.
The new platform, Nexos.ai, functions as a middleman between employees and AI systems, acting as a "Switzerland for LLMs." Okmanas, co-founder of Nord Security and now Nexos.ai, believes that this approach holds immense potential. By implementing Nexos.ai, companies can reap the benefits of AI without compromising sensitive information.
To date, most enterprise companies have been hesitant to integrate AI due to concerns about security risks. However, with Nexos.ai, employees can upload sensitive data to LLMs seamlessly and securely while minimizing the risk of corporate data breaches. The platform addresses a pressing issue: data governance and control in the context of AI adoption.
Nexos.ai’s co-founders are no strangers to startup success. Okmanas and Sabaliauskas bootstrapped their previous businesses, including Nord Security, which is now valued at $3 billion after being bootstrapped. The duo recognized that there was value in seeking out venture capital for Nexos.ai, acknowledging the expertise and support they could draw from seasoned investors like Index Ventures.
What sets Evantic Capital apart from other funding firms is its focus on collaboration. Instead of a traditional equity stake, Evantic partners with portfolio companies to provide strategic guidance through a network of over 140 "Legends"—industry operators who share a piece of the fund’s profits in exchange for their expertise. The Evantic team offers insights that enable startups like Nexos.ai to accelerate product development and innovation.
Nexos.ai currently operates on two primary components: an AI Workspace interface for employees and an AI Gateway for developers. The gateway serves as a control layer for security, cost management, and compliance oversight while reducing fragmentation across various AI models. This platform ensures that private models can be used seamlessly with sensitive data, an essential feature for companies operating in regulated industries or wishing to manage risk more effectively.
Okmanas believes that the primary barrier to widespread AI adoption is not technology but rather organizational complexity. Traditional businesses have difficulty convincing their boards of directors about the benefits and merits of using AI tools. With Nexos.ai’s support, deploying AI becomes more manageable for companies looking to boost productivity while safeguarding sensitive data.
While early customers include Tesonet portfolio companies like Bulgarian fintech unicorn Payhawk, with an office in Vilnius, Okmanas is confident that the platform will experience broad growth and adoption not limited to regulated industries. Expansion into North America seems promising as well since Nexos.ai gains traction in Europe by offering secure AI solutions tailored for local businesses.
Okmanas emphasizes that his team’s goal goes beyond raising funding but rather aligning companies with the benefits of AI tools without neglecting governance. By implementing Nexos.ai, organizations can reap significant value and cost savings while improving data protection outcomes – as evidenced by results seen within Tesonet’s portfolio.
As we reach a pivotal moment for AI adoption in enterprise world, it becomes clear that security is one of the biggest hurdles to overcome with Nexos.ai paving the way to overcome just that challenge successfully.