Nine months from seed to €30M Series A isn’t typical. Vilnius-based nexos.ai just closed a €30M enterprise AI funding round co-led by Index Ventures and Evantic Capital. While enterprise boards debate whether AI delivers value, Nord Security co-founders Tomas Okmanas and Eimantas Sabaliauskas are watching employees create what they call “the biggest corporate data leak” in real time.
The platform acts as a neutral intermediary between teams and AI tools. Founded in 2024 by the duo behind €3B cybersecurity unicorn Nord Security, nexos.ai addresses enterprise AI’s security paradox. Companies want productivity gains but fear sensitive data exposure through ChatGPT and similar tools.
Switzerland for LLMs: The Enterprise AI Funding Thesis
Okmanas describes nexos.ai as “Switzerland for LLMs.” Rather than banning AI use outright, the platform sits between employees and roughly 200 AI models. It maintains data control without sacrificing the productivity gains companies desperately want. Furthermore, the AI Gateway provides a single access point while acting as a control layer for security, cost management, and compliance oversight.
The €30M round values the company at €300M. Previous investors Creandum and Dig Ventures doubled down alongside angel investors including CEOs of Datadog, Klarna, Supercell, and Wix. Matt Miller’s Evantic Capital brings its “Legends” network—140 operators who advise portfolio startups. Okmanas is both drawing on this expertise and contributing to it.
“Companies know that AI is an operational and competitive necessity, but they’re drowning in the challenges of managing multiple models, controlling costs and ensuring accurate and reliable performance,” said Okmanas. The founders identified this gap while overseeing Tesonet’s portfolio companies.
From Hostinger Success to Broader Enterprise AI Adoption
The case study is compelling. At Hostinger, a Tesonet portfolio company, an AI assistant reduced the need for human support. Okmanas states plainly: “That’s why we didn’t need to hire 500 people and saved €10M this year alone.” Tesonet portfolio companies and Bulgarian fintech unicorn Payhawk are among disclosed customers.
The team conducts 50-60 demo calls weekly. Nexos targets tech-savvy companies using AI daily and regulated industries concerned about governance and foreign-hosted AI models. Moreover, European data sovereignty concerns are opening doors at public institutions, potentially expanding beyond the enterprise focus.
By its first anniversary, the company plans to employ 100 people, mostly in Europe. The funding will accelerate platform development, including advanced routing algorithms and private model deployment capabilities. Additionally, nexos.ai will expand across Europe and North America while launching educational partnerships to address enterprise AI skills gaps.
The rapid fundraising wasn’t planned. According to reports, Evantic pursued the deal even when nexos.ai wasn’t actively fundraising. This marks a tactical shift for founders who famously bootstrapped their prior businesses for over a decade before accepting outside capital.