KX Announces New Chapter of Growth with Strategic Acquisition by TA Associates

TA associates

New York & London — KX, a global leader in real-time, time-series and AI-driven analytics, today proudly announces a new chapter of growth and innovation through a strategic acquisition by TA Associates (“TA”), a leading global private equity firm. Under the agreement, TA has acquired a majority stake in FD Technologies, KX’s parent company, with existing shareholders retaining a minority interest.

After six years as a division of FD Technologies plc, KX will return to private ownership—a significant milestone in the company’s 30-year evolution. With TA’s backing, KX is poised to accelerate its momentum as the platform of choice for industries where real-time performance and AI-driven insight are mission-critical.

KX is purpose-built for the AI era, powering time-sensitive, data-intensive systems across capital markets, aerospace & defense, and high-tech manufacturing. Its platform enables organizations to process and analyze massive volumes of time-series and sensor data in real time, delivering trusted insights that drive automation, predictive modeling, and the foundation for vertical agentic AI systems that operate with context, precision and autonomy.

“Our customers require platforms that do more than store and query data—they need systems that fuel their AI initiatives, power automation, and unlock real-time value from complex environments,” said Ashok Reddy, CEO of KX. “KX is uniquely positioned to serve this demand across the world’s most dynamic industries. With TA’s partnership, we have the freedom and focus to go further, faster—investing deeply in our products, our team, and the outcomes we deliver for customers. This is also a platform for expansion, and together with TA, we intend to build a market leader in every vertical we serve.”

The acquisition enables KX to operate with greater agility and long-term focus, doubling down on its commitment to customers and innovation. It empowers KX to:

  • Accelerate innovation in real-time, AI-driven analytics to support mission-critical decisions
  • Expand platform capabilities to power vertical AI use cases
  • Invest in scalable infrastructure and top-tier technical talent
  • Deliver enduring value across industries by solving complex, high-impact problems

“With the acquisition now complete, we’re thrilled to officially begin our partnership with KX,” said Hythem El-Nazer, Co-Managing Partner of TA. “Having spent decades investing in and scaling enterprise software companies, we’ve seen how category-defining platforms can shape the future of technology. KX, trusted by some of the world’s most sophisticated organizations, stands out for its ability to process time-series and sensor data at speed and scale. As industries increasingly adopt AI-native, streaming-first architectures, we believe KX is well positioned to lead that evolution. We’re proud to partner with the entire KX team as they continue to advance the platform for the next generation of innovation.”

About KX
KX software powers real-time, time-series, and AI-driven analytics across capital markets, aerospace & defense, and high-tech manufacturing. Built for speed, precision, and scale, the KX platform enables organizations to extract actionable insights from streaming, sensor, and historical data to support critical use cases from predictive maintenance and operational automation to real-time simulation and vertical agentic AI. Trusted globally for its proven performance and reliability, KX delivers the data infrastructure enterprises need to thrive in an AI-driven world. www.KX.com

Why We Invested in inforcer: The fastest-growing MSP platform that brings security and AI to every small business

Dawn

Win-win-win in delivering AI 

Today, everyone wants AI. Not just the world’s largest enterprises but also small and medium-sized businesses (SMBs), who form the backbone of economies around the world. However, SMBs lack the appetite and capability to either build custom AI in-house or to sift through the exploding number of external options. So, they turn to their existing, trusted platforms of work to deliver the solutions they need – just like in technology revolutions of the past. For many, this is Microsoft. After all, you cannot go wrong with a brand that gave you your first assistant, Clippy.

Microsoft, the world’s second most valuable company by market cap, has long seen this as a huge opportunity. They have been investing heavily in their SMB offering, not just in AI, but across security and cloud more broadly. In fact, its best-in-class suite makes it a vendor of choice for 80% of SMBs, spanning 350 million users globally and representing around 35% of Microsoft’s revenue.

But Microsoft’s platform is horizontal by design – complex and difficult to use out of the box. While enterprises can get white-glove service from system integrators to ‘tune’ it to their needs, it is impossible to offer the same to the fragmented tail end of the SMBs. So, Microsoft relies on its channel partners, the 150,000 Managed Service Providers (MSPs) worldwide, to provide the last mile of context and customisation. MSPs serve as the translation layer between Microsoft’s products and the needs of SMBs using them. MSPs love this trade: they want to co-sell with Microsoft’s trusted branding in hand or, as the industry talks about, become a “Microsoft Service Provider”. Microsoft estimates that MSPs can earn up to $10 in attached services revenue per $1 of software spend (!).

However, MSPs face scaling challenges in delivering these custom services, within a business model that is already very labour-intensive. Microsoft doesn’t help: under the hood of a mighty ‘platform’, it represents dozens of SKUs that are often updated, with continually evolving pricing and packaging. It is challenging to distribute, implement and use scalably.

There is a massive opportunity in connecting and enabling these three actors – SMBs, Microsoft, and MSPs. This is where inforcer fits in: a platform that bridges the gap. For inforcer, MSPs are not the channel but the end-customer. But by serving MSPs, inforcer enables SMBs to access Microsoft products, and with that, the latest technology toolkit they deserve. inforcer creates a “win-win-win” for all three across cloud, security and AI. And it shows: its founders – Jamie (CEO), Richard (CFO) and Will (CCO) – have become an unstoppable ‘force’ in the market (pun very much intended).

Two acts to conquer billions of spend

inforcer is a bit of a revolution in the world of MSPs. It is the “most loved” tool that solves their hardest business problems: sell more Microsoft, delight SMBs (otherwise known as ‘tenants’), and, ultimately, make more money by growing revenue and improving margins.

So what does this mean in practice? The founders are conquering billions of dollars that MSPs represent, both in direct spend and budgets they advise on, in two acts. Their first act is to help MSPs scale: configuring tenants more quickly and effectively, and moving upmarket with a security offering. Their second act is to help MSPs become the strategic AI partner to SMBs – the holy grail of opportunity in today’s ‘AI or die’ world.

(i) inforcer helps MSPs scale and sell more Microsoft cloud and security to SMBs

The Microsoft suite is painful for MSPs to use “out-of-the-box”. It is insecure and unconfigured. It is not multi-tenant, meaning that manual changes need to be made for each SMB individually (an MSP might repeat the same process >50 times!). Finally, it is highly complex – with a steep learning curve and a labyrinth of individual portals. All of this means that MSPs and SMBs don’t get full use out of products already included in their licences – like Entra (SSO), Intune (MDM), and Defender (Security).

inforcer helps MSPs scale their operations with a single point of control, enabling them to implement, configure, and manage all of Microsoft’s suite. This includes: i) rapidly deploying and backing up new tenant-specific set-ups; ii) conducting in-depth audits and reports; and iii) providing prospecting tools to demonstrate the value of tenant security,  all informed by inforcer’s best practice. This enables every MSP to spend more time where it counts: with customers, deepening their relationship and curating the perfect setup for them./

Uniquely, MSPs win with inforcer across their entire P&L:

  • On the topline, inforcer lets MSPs upsell more “wrap-around” services. These are services where MSPs previously had resource or knowledge gaps, such as identity and access management or endpoint protection.
  • On the bottom line, inforcer saves MSPs hours of painful manual work across all their tenants. It also helps MSPs utilise the full suite of specialist products already included with their Microsoft business license, which they previously did not know how to leverage, saving even more on expensive third-party tooling or outsourcing services.
  • And a bonus compliance point: MSPs benefit from significantly reduced risk, provided by previously unfeasible continuous monitoring.
             Figure: The Microsoft MSP stack - powered by inforcer

(ii) inforcer helps MSPs become the strategic AI partner to SMBs.

MSPs have been a trusted advisor to SMBs for decades. They have enabled SMBs to adopt technology in waves, from break-fix to cloud to security. Now, inforcer is powering the next big wave: AI.

Microsoft has bet its future on AI and Copilot. Just read their earnings calls: it was mentioned 117 times in Q1-25 alone. And 60% of organisations plan to rely on Microsoft for most of their AI needs, according to Gartner.

SMBs, as ever, expect MSPs to guide them through this transition. Some of this is new: building and enabling AI-powered workflows, with tools like M365 Copilot and increasingly Copilot Studio Agents. But, much resembles what MSPs are already great at: maintaining systems in production. They’ll govern and secure AI use cases, ensure data governance, and track success.

          Figure: The Microsoft AI stack - powered by inforcer

This is what makes inforcer truly strategic. It is not “just another tool for MSPs”. It is a platform that is riding on the coattails of an AI giant to enable billions of MSP spend and, as a result, is upskilling and protecting thousands of small businesses.

From Richmond to Redmond and beyond

The real force of inforcer is its exceptional team. It brought together formidable executors, with decades of combined experience at the service of MSPs and SMBs. Another member of the ecosystem talked about the difficulty he had finding talent – “Jamie had already hired the A-team!” True industry heavyweights – the likes of Matthé (CPO), Christian (Chief Strategy Officer) and Jake (VP of Global Sales) – anchor a deep bench of phenomenal operators, where not a single team member is accidental.

Born in Richmond three years ago, where the founders built and sold their first MSP venture, inforcer is already off to conquer the rest of the world. They are scaling incredibly fast: in the last twelve months, inforcer grew 10x and now serves over 800 MSPs, with offices across the US, the UK, the Netherlands, Denmark and Australia.

We’re delighted to team up with our friends at Meritech Capital, with inforcer being the first Series A they have ever led, and look forward to joining forces with Jamie, Richard, Will and the whole team to make inforcer a truly generational business.

Promethium Introduces First Agentic Platform Purpose-Built to Deliver Self-Service Data at AI Scale

.406 Ventures

New data answer agent Mantra enables data teams to talk to enterprise data

Promethium

Menlo Park, CA & Cambridge, MA, July 15, 2025 – Promethium today announced the latest version of its Instant Data Fabric™, the industry’s first agentic platform purpose-built to deliver self-service data at AI scale. As a part of this announcement, the company also unveiled Mantra™, its new Data Answer Agent which enables data teams to perform analytics with natural language on distributed enterprise data and receive instant, trusted responses and insights. Mantra is currently available in private preview. To learn more or join the waitlist, visit https://promethium.ai/mantra.

As data becomes more fragmented across cloud, on-premises, and SaaS platforms, organizations face growing pressure to deliver timely, AI-powered insights. Business and data teams — and increasingly, AI agents — need immediate answers to ad hoc questions. Yet most enterprises are held back by traditional data architectures that rely on complex ETL pipelines, data movement, and manual intervention from data engineers. These methods introduce delays, increase risk, and fail to scale with the speed of AI.

“As the complexity of enterprise data landscapes grows, data teams face mounting pressure to deliver timely, trustworthy insights,“ said Sanjeev Mohan, Principal at SanjMo and former Gartner Research VP, Data & Analytics. “A new architecture that enables open, agentic access to distributed data without adding friction is emerging. By emphasizing automation, context, and self-service, Promethium’s approach empowers data teams to shift from reactive support to strategic impact. It’s a foundational change in how data is delivered and consumed in the age of AI.”

Promethium’s latest version of its Instant Data Fabric addresses these challenges with a fundamentally different approach: an agentic platform that connects to data where it resides and delivers self-service access without data duplication or the need for new pipelines. Additionally, Promethium’s open architecture allows enterprises to deliver access and consumption across multiple data platforms, catalogs, and tools without being locked into a specific platform stack.

“AI is transforming how decisions get made, but most data architectures weren’t built to keep up,” said Prat Moghe, CEO of Promethium. “With the latest version of our Instant Data Fabric and the launch of the Data Answer Agent Mantra, we’re giving data teams a new superpower: the ability to deliver trusted, contextual answers on demand. It’s the fastest, most open way to scale self-service data for the age of AI.”

Promethium’s platform capabilities include:

  • Fast, unified data access across enterprise data sources. Promethium provides real-time, zero-copy access to data across cloud, on-premises, and SaaS platforms. Fine-grained, enterprise-grade access controls ensure speed, security, and compliance.
  • Accurate answers through deep context. There is often a disconnect between business questions and the underlying data. Promethium’s 360° Context Engine bridges this gap by aggregating technical and business metadata to generate relevant, contextual answers.
  • Self-Service collaboration with Data AnswersMantra, Promethium’s agent, enables data teams to build, and share contextual data products called Data Answers. Data Answers can be materialized, published or integrated into existing enterprise platforms, tools, API’s, or agents, without any changes to existing workflow.

Promethium was recognized by Gartner as a Cool Vendor in Data Management: GenAI Disrupts Traditional Technologies, validating its leadership in enabling agentic data architectures and AI-powered insights across the enterprise.

About Promethium

Promethium enables self-service data at AI scale with its Instant Data Fabric, the first agentic platform that allows enterprises to talk to all their distributed data. Promethium empowers data teams to build and share trusted, contextual data answers for immediate insight. Promethium is a Gartner Cool Vendor and is backed by world-class investors and advisors. Learn more at promethium.ai or follow us on LinkedIn.

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Media Contacts:

Chris McCoin or Richard Smith
McCoin & Smith Communications Inc.
chris@mccoinsmith.com or rick@mccoinsmith.com

Introducing Cogent: AI Agents for Vulnerability Management

Greylock

Introducing Cogent: AI Agents for Vulnerability Management

In today’s AI-driven threat environment, attackers exploit vulnerabilities faster than ever before, leaving vulnerability management teams struggling to keep pace and enterprises exposed.

Cogent Security tackles this critical issue by reimagining vulnerability management — one of cybersecurity’s largest markets — with a bold premise: security teams need autonomous AI agents capable of thinking, analyzing, and acting independently, much like expert human security professionals.

We’re excited to announce Cogent Security, a company initiated through Greylock Edge and backed by an $11M Series Seed financing led by Greylock Partners. Cogent’s AI taskforce autonomously handles the full vulnerability management lifecycle — identifying threats, prioritizing critical risks, and executing remediation, all with minimal human oversight. In just eight months since beginning development, Cogent is already operational at major enterprises, securing millions of assets across Fortune 500 organizations.

The sheer volume of vulnerabilities—over 45,000 CVEs published in the past year—and the accelerated pace of exploits driven by AI have overwhelmed traditional vulnerability management solutions with excessive alerts, lacking in context or actionable guidance. Cogent’s agentic AI platform proactively analyzes vulnerabilities, accurately prioritizes genuine threats, and autonomously resolves them. Cogent’s AI agents work 24/7 around the clock, remediating vulnerabilities more than twice as fast and reducing overall vulnerability management efforts by 50%.

The Cogent founding team is well known to us at Greylock and a distinctive combination of AI, security and infrastructure expertise. Vineet Edupuganti (CEO) and Geng Sng (CTO) were pivotal in scaling Abnormal AI from its earliest days to a market-leading security company. Vineet quickly progressed from a machine learning engineer to product leader, and Geng was a key technical lead and architect. Thanos Baskous (VP Engineering) brings infrastructure and security engineering expertise from his roles leading Infrastructure at Coinbase and as Chief Architect of Blackstone. Since launching at Greylock’s offices, Cogent has assembled top-tier talent from Google, Stripe, Tesla, and other leading organizations. Learn about open positions here.

Greylock has a special history of incubating and partnering with outlier entrepreneurs in markets where we have deep domain expertise, including companies like Palo Alto Networks, Workday, Abnormal AI, Sumo Logic, TellApart, and Obsidian Security. Cogent, with its combination of an exceptional team, massive market opportunity, and transformative product vision, continues this tradition.

We’re thrilled and privileged to back the Cogent team and look forward to partnering closely with them as they build the industry’s leading agentic AI for vulnerability management platform.

WRITTEN BY

Saam Motamedi

Saam partners with enterprise software entrepreneurs at the seed and early stages who are focused on new opportunities in intelligent applications, cybersecurity, AI, and data infrastructure.

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Corinne Riley

Corinne works with early-stage founders who are creating data and AI products at the infrastructure and application layers.

RealSense Completes Spin Out from Intel, Raises $50 Million to Accelerate AI-Powered Vision for Robotics and Biometrics

Intel Capital

he newly independent company is set to lead in computer vision and machine perception for physical AI and beyond

SAN FRANCISCO — July 11, 2025 — RealSense, a pioneer in AI-powered computer vision, today announced its successful spinout from Intel Corporation and the close of a $50 million Series A funding round. With investment led by a renowned semiconductor private equity firm and participation from strategic investors, including Intel Capital and MediaTek Innovation Fund, RealSense now operates as an independent company focused on advancing innovation in AI, robotics, biometrics and computer vision.

The new capital will fuel RealSense’s expansion into adjacent and emerging markets and scale its manufacturing, sales and go-to-market (GTM) global presence to meet increased demand for humanoid and autonomous mobile robotics (AMRs), as well as AI-powered access control and security solutions.

“We’re excited to build on our leadership position in 3D perception in robotics and see scalable growth potential in the rise of physical AI,” said Nadav Orbach, CEO of RealSense. “Our independence allows us to move faster and innovate more boldly to adapt to rapidly changing market dynamics as we lead the charge in AI innovation and the coming robotics renaissance.”

RealSense brings to market proven industry traction across robotics, industrial automation, security, healthcare and “tech for good” initiatives — including partnerships with companies like ANYbotics, Eyesynth, Fit:Match and Unitree Robotics.

RealSense will continue to support its existing customer base and product roadmap, including the acclaimed RealSense depth cameras, embedded in 60% of the world’s AMRs and humanoid robots, an incredibly fast-growing segment. Its recently launched D555 depth camera, powered by the next-gen RealSense Vision SoC V5 and featuring Power over Ethernet (PoE), demonstrates the company’s ongoing leadership in embedded vision technology and edge AI capabilities.

“Our mission is to enable the world to integrate robotics and AI in everyday life safely,” said Orbach. “This technology is not about replacing human creativity or decision-making — but about removing danger and drudgery from human work. Our systems are built to amplify human potential by offloading these types of tasks to machines equipped with intelligent, secure and reliable vision systems.”

RealSense has developed robust, global manufacturing technology capabilities to ensure consistent quality and product performance, working with a broad network of vision system distributors and value-added resellers. The company has over 3,000 customers worldwide, with over 80 global patents.

Seasoned leadership for a critical market moment

RealSense’s founding team brings together veteran technologists and business leaders with deep expertise in computer vision, AI, robotics and market development. The team includes:

  • Nadav Orbach – Chief Executive Officer
  • Mark Yahiro – Vice President, Business Development
  • Mike Nielsen – Vice President, Marketing
  • Fred Angelopoulos – Vice President, Sales
  • Guy Halperin – Vice President, Head of R&D
  • Eyal Rond – Vice President, AI and Computer Vision
  • Joel Hagberg – Vice President, Product
  • Ilan Ofek – Vice President, New Product Introduction and Manufacturing
  • Chris Matthieu – Chief Developer Evangelist

The spinout comes at a moment of rapid global growth in robotics and biometrics. The robotics market is projected to quadruple — from $50 billion today to over $200 billion within six years — while demand for humanoid robots is expected to grow at a CAGR above 40%. At the same time, facial biometrics are becoming increasingly accepted in everyday applications, from airport screening to event entry.

To meet global demand, RealSense plans to expand its GTM team and hire additional AI, software and robotics engineers to accelerate product development.

About RealSense

Incubated at Intel Corporation, RealSense delivers industry-leading depth cameras and vision technology used in autonomous mobile robots, access control, industrial automation, healthcare and more. With a mission to deliver world class perception systems for physical AI and safely integrate robotics and AI into everyday life, RealSense provides intelligent, secure and reliable vision systems that help machines navigate and interact with the human world. The company is headquartered in Santa Clara, California, with operations worldwide. Learn more at: www.realsenseai.com

Media Contact
Emily Roberts
Bospar for RealSense
PRforRealSense@bospar.com

Pendo Announces Acquisition of Forwrd.ai, Bringing AI-Powered Predictive Analytics into the Pendo Platform

Thomabravo

Introduces Pendo Predict to equip GTM and product teams with instant insights to drive retention, expansion and pipeline growth

RALEIGH, N.C. and TEL AVIV, ISRAELPendo, the world’s first software experience management platform, today announced that it has acquired Forwrd.ai, an Israel-based no-code predictive analytics platform that empowers business leaders to build custom AI models that predict churn, upsell potential, and lead quality, without the need for data scientists or engineers.

In today’s enterprise landscape, go-to-market and product teams are inundated with vast amounts of user and behavioral data, but often lack the tools to interpret it effectively without heavy reliance on technical teams. This acquisition addresses a growing demand for more accessible, real-time insights that inform smarter business decisions.

The Forwrd technology will serve as the foundation of a new suite of AI-driven capabilities within the Pendo platform called Pendo Predict. By combining rich usage data with Forwrd’s automated models, Pendo Predict empowers cross-functional teams to proactively identify risk and opportunity—whether it’s surfacing high-intent leads for sales, detecting churn risk and suggesting customer interventions, or uncovering expansion opportunities. The result is a more agile, aligned enterprise that can act quickly on data signals to drive retention, expansion, and revenue growth.

“Usage data is the truest and most reliable signal of customer health,” said Todd Olson, CEO and co-founder of Pendo.” By integrating Forwrd’s predictive engine into the Pendo platform, we’re giving every team instant, actionable intelligence to grow revenue and eliminate churn.”

Pendo Predict includes powerful features like:

  • Churn risk modeling: Identify accounts likely to drop off—and why.
  • Lead qualification and scoring: Prioritize the prospects most likely to convert based on in-app signals.
  • Expansion opportunity detection: Spot users with high upsell potential based on feature usage momentum.
  • Predictive segmentation: Filter and target customer segments dynamically based on forecasted outcomes.
  • “Next Best Action” recommendations: Surface intelligent suggestions (e.g., launch a guide in Pendo, escalate to customer success, flag an account in Salesforce).

“From day one, our mission has been to simplify predictive AI and embed it at the core of business operations,” said Kobi Stok, CEO and founder of Forwrd. “By combining Pendo’s proprietary data and experience layer with Forwrd’s technology, we’re transforming product, marketing, and CRM data into actions that empower teams across the organization and enable hyper-personalized customer experiences.”

Stok is an experienced product executive and serial entrepreneur who founded Forwrd.ai in 2021 and built strong early traction with industry leaders like SAP, Hubspot, JFrog and AppsFlyer. Stok and team will join Pendo’s Herzilya, Israel office.

Pendo announced the acquisition during its Pendomonium X event in Munich. The news follows a series of recent product releases that help teams measure the performance of AI agents, improve user onboarding, cut support costs, increase upsell revenue, and drive team productivity.

About Pendo:

At Pendo, we’re on a mission to improve the world’s experience with software. Thousands of global companies use Pendo to provide better software experiences for 900 million people every month. Pendo improves business outcomes by enabling non-engineers to analyze, assess, and act on software issues. Our integrated Software Experience Management (SXM) platform manages the entire enterprise software asset: Customer- and employee-facing applications; desktop and mobile platforms; and SaaS, AI and Agentic software. Find out more at pendo.com.

Read the release on the Pendo website here.

Launching New Fund to Fuel the Next Generation of Nordic Tech Founders

Anthemis

We’re excited to share that we’ve successfully completed the first close of our new fund, Alliance Nordic III, backed by leading Nordic LPs including Saminvest, KLP, Investinor, Smedvig, and Telenor. The new fund enables us to reinforce our commitment to back the next wave of Nordic-founded global technology leaders.

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From Left: Anders Hallin, Stine Sørensen, Johan Gjesdahl, Henrik Torstensson, Bente Loe & Arne Tonning.

Investing in the value creation unleashed by the AI revolution

For the last two decades, the dominant technology forces were mobile and cloud, which combined with the SaaS business model, have dramatically improved capabilities, efficiency, and productivity across industries. We’ve historically invested in companies building products and services riding this technology wave.

To us, AI is no longer just an enabling technology. AI is replacing entire workflows, transforming tools into digital labor, and fundamentally shifting how value is created. AI is shaping up to be the most significant technology shift in decades, promising to be as important as the Internet or the semiconductor.

We see this reflected in our past investments. For many years Alliance VC has invested in companies using AI across areas like business productivity, climate and energy, digital health and fintech. The typical AI investment involves machine learning applied to business problems, yet in the last three years startups have shifted to building generative AI-driven products.

While AI is driving change and gaining a new wave of attention, we see it as a natural extension and amplification of the trend we’ve long backed: technologies that deliver impact, productivity, and transformation through software and data.

We expect AI to be the core thread running through most of our future investments, like it already is for the majority of our current portfolio companies.

Press enter or click to view image in full size

Our strategy: Back Ambitious Nordic Founders Early

We believe the best way to invest in the future is to partner with ambitious founders solving big problems using powerful technology in potentially large markets.

This means that we try not to limit ourselves to which founders we meet, rather we look at all startups coming out of the Nordic countries.

However, we are especially interested in, and have historically made the most investments in, the areas of business efficiency, climate and energy, fintech and digital health. All areas where the Nordics have ambitious entrepreneurs and strong ecosystems.

Among the thousands of Nordic startups being founded every year, we are setting out to invest in 25–30 of them over the next few years. Not all startups are the same, so we don’t expect all our investments to look exactly the same. But we believe that our initial investment will typically be €1–2 million, in a range of €300,000 to €3 million, across pre-seed, seed and Series A.

With that in mind, our intent and strategy is to remain agile, as that will best allow us to serve ambitious founders that are creating the future.

Our Approach: Partner-Led, Founder-First

The partners at Alliance VC combine a long investment track-record with successful operational and entrepreneurial experience over the last 15+ years. This brings together the best of ‘experienced managers’ with the best of ‘emerging managers’.

Alliance VC is the only firm with team members in all four major Nordic capitals Stockholm, Oslo, Copenhagen, and Helsinki, and we are proud to have deep local roots and global experience from firms like Spotify, Kry, Lifesum, Stardoll, Skype and Radiobotics.

We lead with a partner-first approach: where we strive to ensure that every founder meets a decision-maker from day one. This is based on our own experience as founders raising venture capital. We want to be able to move fast, stay close, and commit to being a high-value sparring partner from seed to scale. We are proud to be working with founders from e.g. 1X, Sanity, Superside, Hemby, Xeneta, Boost.ai and many more.

Why Now and Why the Nordics?

The Nordic startup ecosystem is on fire. Valued at $552 billion it has grown 16x in the past decade, according to the 2024 Dealroom Nordics Innovation Report. Many of the companies behind this growth are well-known, like Spotify, Klarna, Supercell, Kahoot, and Unity. And a new generation of founders are currently building startups that we believe will become even bigger.

With the growth of AI applications powering products and services, from business tasks like patent writing to humanoid robots, we see the Nordics being well-placed to leverage traditional strengths in building startups with the almost limitless possibilities of AI. This can be seen across Sweden, Denmark, Norway and Finland in the wave of new startups built by founders with bigger ambitions than ever before.

At Alliance VC, we see this moment as a generational opportunity and will focus where we believe the Nordics have the strongest global potential and especially on companies that combine AI technology with real-world impact.

Looking Ahead

Alliance Nordic III is more than a new fund. It’s a continuation of our commitment to partner with founders from the Nordics to scale globally and shape the future. As AI transforms every industry and the Nordics step into the global spotlight, we’re here to fuel and to support the new generation of builders.

Wonderful Raises $34m to Accelerate Enterprise AI Adoption in Non-English Speaking Markets

Index Ventures

Wonderful co-founders Bar Winkler (CEO) and Roey Lalazar (CTO)

QUICK TAKE

  • Wonderful, the agentic AI customer service platform, has raised a $34 million seed round, led by Index Ventures
  • Most AI customer service solutions focus on English-speaking markets, leaving billions of customers underserved across Europe, Asia and the Middle East
  • Founded in 2025 in Tel Aviv by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful is already powering hundreds of thousands of customer interactions for 15 market-leading enterprises
  • The team combines exceptional technical depth with unmatched execution – Bar led global expansion at decacorn IronSource before founding and selling Approve.com, while CTO Roey built million-dollar businesses and led elite security teams in the Israeli intelligence service
  • They’re targeting a $200 billion market opportunity by targeting non-English speaking markets

INDEX PERSPECTIVE

By Hannah Seal, Juriaan Duizendstraal

Contact centers around the world are fundamentally broken. Customers face long wait times, limited availability, and often subpar support experiences. AI agents are the natural solution — yet while big tech companies race to perfect AI for English speakers, a massive $200 billion market remains systematically underserved, leaving billions without effective support.

Customer service isn’t one-size-fits-all. Israeli customers expect to interrupt freely, Italian bank clients hang up after five minutes on hold, and Greek callers abandon the line within two. These nuances matter, and most AI providers aren’t equipped to handle them.

Our latest research shows that more companies than ever are born global, expanding internationally from day one. But building truly human-like AI support agents that can operate across languages and cultural contexts has proven elusive. While most vendors stick to the same English-speaking markets, Wonderful is going after everything and everyone else — markets that collectively dwarf the Anglophone world, yet remain largely ignored by B2B software.

Take Israel: enterprises spend over $4 billion a year on customer support for just 10 million people. Scale that across Europe, Asia, and the Middle East, and the opportunity jumps to hundreds of billions. Seizing it requires rare focus and execution — which is exactly what the Wonderful team brings. They operate with a unique blend of obsession, urgency, and speed: a customer call one evening, a working product the next day.

Their AI platform delivers seamless customer interactions across languages — zero wait time, 24/7 availability, and expert-level support via voice, chat, and email. With exceptional fluency and cultural awareness, they’re already transforming the global customer service landscape, powering hundreds of thousands of interactions across telecoms, financial services, and healthcare.

Wonderful is not just fixing broken support — they’re redefining what global customer experience should look like.

THE DETAILS

Wonderful’s strategy involves winning over markets that are highly distributed, versatile, and tough to crack with AI. Built to handle multiple cultural and linguistic nuances, the platform not only dramatically cuts costs, but typically delivers a much better experience for customers too. It can be tailored to work for multiple regulated industries, to integrate with legacy systems, and to connect to internal systems and workflows to allow its agents to understand customer-facing processes. This means corporations no longer need to choose between cutting-edge capabilities and full localization – they get both.

“We looked at the current state of AI and found it unbearable that most of the world will have to wait years for something that can be delivered today,” said Bar Winkler, Wonderful’s Co‑Founder & CEO. “Our strategy is simple: rapidly partner with the top enterprises in each market and build the talent density needed to obsess over delivering an amazing experience for their customers.”

Bar and his co-founder Roey Lalazar (CTO) are exceptional entrepreneurs. Bar was one of the earliest employees for IronSource, an app-scaling business that grew to a $11 billion at its peak, and sold his subsequent business Approve.com for $40M within two years. Roey has been building businesses since age 15 – creating Android apps with millions of downloads, bootstrapping a business to $1M revenue in under 12 months by age 22, and leading an elite unit within Israeli military intelligence.

“Our 2,000 customer service agents handle millions of interactions each month,” said Nir David, CEO of Bezeq, Israel’s largest ISP and telco. “We evaluated over a dozen AI solutions, and Wonderful was the only one that met our bar.”

Hightouch and Snowflake Boost AI-Powered Marketing Data Stack with Snowflake Ventures Investment

Snowflake

Marketing teams are increasingly leveraging AI to deliver differentiated and personalized experiences, and it’s clear this is where the competitive advantage now lies. In fact, nearly 75% of marketers already feel AI gives them an edge, and more than 85% plan to significantly increase their AI adoption in the next two to three years. To achieve and scale high-ROI campaigns, marketing and data teams need better ways to collaborate to unlock and activate strategic insights from their data.

This critical need makes our latest Snowflake Ventures investment in Hightouch, alongside Capital One Ventures, all the more essential. Hightouch is a data and AI platform for marketers that empower enterprises to activate their customer data directly from Snowflake to over 200 destinations, including critical marketing and advertising platforms.

We recently recognized Hightouch’s achievements within the Snowflake AI Data Cloud ecosystem by naming it our 2025 Marketers & Advertisers Data Cloud Product Partner of the Year. Hightouch earned this recognition for helping our joint customers personalize experiences, drive measurable ROI across marketing and advertising channels and activate data at scale.

 

Powering new AI marketing innovations

The combined power of Snowflake and Hightouch delivers a secure, governed data stack for AI-driven marketing. This investment sets the stage for joint development of solutions that will change how marketers operate, including new AI-driven capabilities like Hightouch AI Decisioning – an agentic AI product for lifecycle marketing that runs natively via Snowflake Cortex AI.

These new capabilities, along with support for Snowflake Horizon Catalog — a fully integrated solution for role-based access controls — will make it easier for Hightouch customers to fully adopt Snowflake as their AI Data Cloud. This provides frictionless access to native security, governance and advanced AI features not available on other data platforms. This will also simplify the adoption of Hightouch for Snowflake customers, enabling them to easily leverage its AI-powered marketing solutions to drive personalization at scale.

 

Real-world impact with AI

Hundreds of customers are already using Hightouch as their Composable CDP and AI marketing solution with Snowflake as the single source of truth for all customer, marketing and enterprise data, including:

  • WHOOP: The marketing team at WHOOP uses Hightouch and Snowflake Cortex AI to maximize customer lifetime value through AI-powered personalization. This enables them to break free from the constraints of rule-based marketing and take personalization efforts beyond human scale, using AI to autonomously experiment and optimize every customer interaction.
  • Warner Music Group (WMG): WMG’s music publishing company, Warner Chappell Music, has more than 1 million copyrights in its catalog. By building a consumer intelligence platform with Snowflake and Hightouch, WMG now leverages data to “super-serve” fans, artists and brands. This has helped them increase efficiency with streamlined audience creation and syndication, as well as accelerate data-driven collaboration and innovation.
  • Accor: The global hospitality group implemented a Composable Customer Data Platform (CDP) using Snowflake and Hightouch to improve customer segmentation and personalized marketing. This system reduced campaign preparation time from three weeks to two days, enhanced data-driven marketing for more effective targeting and optimized budgets, and laid the groundwork for future AI integration for deeper customer insights.

What’s next for Hightouch and Snowflake

The future of AI-driven marketing with Hightouch and Snowflake is incredibly exciting. We envision AI decisioning rapidly evolving to train on all data types — structured and unstructured — accessed directly within Snowflake, fundamentally transforming creative strategies. Expect to see dedicated, industry-specific solutions emerge across retail, financial services, healthcare/life sciences and media and entertainment, bringing bespoke AI power to every sector.

Learn how leading marketers across industries are using the Snowflake AI Data Cloud to unify their customer, marketing and enterprise data.

819 Capital makes follow-on investment in ScoutinScience to scale AI-driven research

819 Capital Partners

Deventer, 27 June 2025 – 819 Capital reaffirms its commitment to ScoutinScience by joining their €1 million growth investment round, alongside new angel investors with AI-expertise. The investment will support the further development and international expansion of the company’s AI-powered research valorisation platform.

ScoutinScience uses advanced AI and natural language processing to systematically identify, assess, and accelerate the real-world impact of academic research. Its proprietary models uncover untapped innovation potential at scale, enabling universities, TTOs, and public institutions to shift from passive IP management to proactive, data-driven valorisation.

With active clients in Germany, Austria, Ireland, and the Netherlands, and collaborations spanning over 10 countries, ScoutinScience is building the AI-powered backbone for a more connected, strategic European innovation ecosystem.

The new funding will accelerate entry into additional European markets, expand AI-driven tools and metrics, and enable broader services in innovation scouting, matchmaking, and policy-grade reporting.

ScoutinScience represents the next generation of research infrastructure; smart, scalable, and mission-driven. 819 Capital is pleased to support this step in building a stronger, more data-informed European knowledge economy.

For more information: https://scoutinscience.com/