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#AI & ML
TechCrunch
TechCrunch
2w ago 9 views

European AI rising star Nexos.ai raises $30M to unlock enterprise AI adoption

Nexos.ai raised €30 million to facilitate secure AI tool adoption in enterprises, addressing data leak concerns. This funding is crucial for companies seeking to leverage AI while managing sensitive information.
European AI rising star Nexos.ai raises $30M to unlock enterprise AI adoption
A What happened
Nexos.ai, a startup founded by the co-founders of NordVPN, has raised €30 million (around $35 million) in a Series A funding round to facilitate secure AI adoption in enterprises. The platform aims to serve as a neutral intermediary between employees and AI systems, addressing the growing concerns about data leaks as employees interact with AI tools. With a valuation of approximately $350 million, the funding will be used to enhance product offerings, particularly focusing on security and compliance for sensitive data. The founders, Tomas Okmanas and Eimantas Sabaliauskas, emphasize the importance of making AI deployment easier for traditional businesses, especially those in regulated industries. The startup plans to expand its operations across Europe and North America, targeting tech-savvy companies that already utilize AI. By providing a single access point to over 200 AI models, Nexos.ai aims to reduce fragmentation and streamline AI integration in enterprise settings.

Key insights

  • 1

    Secure AI Adoption

    Nexos.ai focuses on enabling secure AI tool usage in enterprises.

  • 2

    Significant Funding

    The startup raised €30 million to enhance its platform and expand operations.

  • 3

    Neutral Intermediary Role

    Nexos.ai aims to act as a Switzerland for AI, managing data security.

Takeaways

Nexos.ai's recent funding positions it to play a pivotal role in the enterprise AI landscape, addressing security concerns while promoting broader AI adoption. As companies navigate the complexities of AI integration, Nexos.ai's solutions may prove essential for balancing productivity and data protection.