Summary: Lithuanian startup Nexos.ai, founded by the creators of Nord Security, has raised €30 million in a Series A round to help enterprises adopt AI securely. Acting as a neutral intermediary between employees and AI systems, Nexos.ai aims to prevent data leaks while enabling productivity gains. With strong backing from investors like Index Ventures and Evantic Capital, the company plans to expand across Europe and North America, focusing on regulated industries and tech-savvy businesses.
Nexos.ai’s Mission: Secure AI Adoption in Enterprises
For many enterprises, AI remains either an unfulfilled promise or a potential security risk. Recognizing this challenge, Lithuania’s renowned entrepreneur duo Tomas Okmanas and Eimantas Sabaliauskas launched Nexos.ai to bridge the gap. Their platform acts as a “Switzerland for large language models (LLMs),” serving as a neutral middleman that helps companies adopt AI tools securely without compromising sensitive data.
Okmanas warns of what he calls “the biggest corporate data leak” in the making, as employees upload confidential information to AI models. Instead of banning AI use, Nexos.ai provides a control layer that balances security with the productivity benefits companies seek.
Strong Backing from Top Investors and Industry Leaders
Just months after emerging from stealth mode with an $8 million funding round led by Index Ventures, Nexos.ai has now closed a €30 million (approximately $35 million) Series A round. This round was co-led by Index Ventures and Evantic Capital, a new venture firm founded by former Sequoia Capital partner Matt Miller. The funding values Nexos.ai at around €300 million ($350 million), according to company sources.
Previous investors Creandum and Dig Ventures also participated, alongside angel investors including CEOs from Datadog, Klarna, Supercell, and Wix. Evantic’s unique “Legends” network of 140 experienced operators provides Nexos.ai with valuable guidance, complementing the founders’ own expertise.
How Nexos.ai Works: Bridging Teams and AI Tools
Nexos.ai’s platform features two main components: an AI Workspace interface for employees and an AI Gateway for developers. The AI Gateway acts as a control layer for security, cost management, and compliance oversight, reducing fragmentation—a key barrier to AI adoption.
The gateway offers a single access point to approximately 200 AI models, with plans to expand support for private models that handle sensitive data. This setup helps companies maintain control over their data while benefiting from diverse AI capabilities.
Target Customers and Market Expansion
Currently, Nexos.ai is focusing on tech-savvy companies that already use AI daily, as well as organizations in regulated industries concerned about governance and data sovereignty. The startup’s customers include companies from the founders’ own portfolio at Tesonet and Bulgarian fintech unicorn Payhawk.
With the new funding, Nexos.ai aims to expand its presence across Europe and North America. Data sovereignty concerns in Europe have also opened doors for the company within public institutions, potentially creating new market opportunities beyond enterprise clients.
Looking Ahead: Growth and Impact
Okmanas shared that Nexos.ai is conducting 50 to 60 demo calls weekly, helping traditional businesses navigate the complexities of AI adoption. While the company is not disclosing its own revenue yet, it plans to grow its team to 100 employees within its first year, primarily based in Europe.
Highlighting the value of AI, Okmanas points to Tesonet portfolio company Hostinger, where an AI assistant reduced the need for human support, saving €10 million in a single year. Nexos.ai’s mission is to remove barriers to AI adoption, enabling enterprises to realize similar benefits securely and efficiently.