Nexos.ai Secures €30M to Bridge Enterprise AI Adoption Gap with Security-First Platform

From Cybersecurity Titans to AI Governance Pioneers

The founders behind Nord Security, creators of the massively successful NordVPN, have turned their attention to what they see as the next major corporate vulnerability: unsecured AI adoption. Tomas Okmanas and Eimantas Sabaliauskas, who previously bootstrapped their cybersecurity company to a $3 billion valuation, have now secured €30 million in Series A funding for their new venture Nexos.ai – a platform designed to act as a secure intermediary between enterprises and artificial intelligence systems.

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This substantial funding round comes just months after the company emerged from stealth mode with an $8 million initial round, signaling strong investor confidence in both the founders’ track record and the urgent market need they’re addressing.

The “Switzerland for LLMs” Approach

Okmanas describes the current state of enterprise AI adoption as potentially creating “the biggest corporate data leak” in the making, as employees increasingly upload sensitive information to large language models without proper governance. Rather than advocating for AI bans that would leave companies behind technologically, Nexos.ai positions itself as a neutral intermediary – what Okmanas calls a “Switzerland for LLMs.”

The platform sits between organizational teams and AI tools, maintaining data control while enabling the productivity gains that make AI attractive to enterprises in the first place. This balanced approach addresses the core dilemma facing many organizations: how to harness AI’s potential without compromising security or compliance.

Investor Confidence and Strategic Backing

The €30 million round was co-led by Index Ventures and Evantic Capital at a €300 million valuation, with participation from previous investors Creandum and Dig Ventures. Notably, the round included angel backing from the CEOs of major tech companies including Datadog, Klarna, Supercell, and Wix.

According to Okmanas, Evantic Capital – the new venture firm launched by former Sequoia Capital partner Matt Miller – was particularly persistent in making the investment happen, even though Nexos.ai wasn’t actively fundraising. This enthusiasm from seasoned investors underscores the perceived importance of the problem Nexos.ai is solving.

The platform’s dual-component architecture includes:

• AI Workspace: An intuitive interface for employees to interact with AI tools safely
• AI Gateway: A developer-focused control layer handling security, cost management, and compliance oversight

Tackling AI Fragmentation and Sovereignty Concerns

One of the key barriers to enterprise AI adoption that Nexos.ai addresses is fragmentation. The AI Gateway provides a single access point to approximately 200 AI models, reducing the complexity of managing multiple AI relationships and interfaces. The funding will accelerate support for private models specifically designed for handling sensitive data – a crucial feature for regulated industries.

Okmanas notes that data sovereignty concerns, particularly strong in European markets, have begun opening doors at public institutions, potentially creating a new market beyond their initial enterprise focus. This European perspective on data governance may prove to be a significant competitive advantage as global regulations around AI and data privacy tighten.

Proven Results and Strategic Focus

While declining to disclose specific revenue figures for Nexos.ai, Okmanas points to measurable results within their own portfolio company Hostinger, where an AI assistant implementation reduced the need for human support, saving €10 million this year alone and eliminating the need to hire 500 additional staff., as related article

The company is currently conducting 50-60 demo calls weekly, focusing initially on two key customer segments: tech-savvy companies already using AI daily, and organizations in regulated industries with heightened concerns about governance and cross-border data transfer limitations.

With plans to expand the team to 100 people by their first anniversary and expansion across Europe and North America underway, Nexos.ai represents a significant European contender in the global race to secure enterprise AI adoption. The combination of experienced founders, substantial funding, and a clear solution to a pressing enterprise problem positions them to make a substantial impact on how organizations safely harness artificial intelligence.

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References & Further Reading

This article draws from multiple authoritative sources. For more information, please consult:

• http://nexos.ai
• https://www.sorainen.com/deals/nord-security-attracts-usd-100-million-investment/
• https://www.hostinger.com/

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