South African AI startup NOSIBLE has raised $1 million in pre-seed funding to support its growth marketing efforts, expand its sales operations, and accelerate its market entry strategy.
Founded in 2020 by Stuart Reid, NOSIBLE provides AI-driven solutions for asset managers. The company offers two core products: a search engine API that delivers real-time and historical data insights for businesses and nosible.ai, a consumer-facing platform designed to enhance asset management through specialized AI agents.
NOSIBLE’s technology is optimized for efficiency, supporting disk-based indexing, pre-filtering, compression, streaming, bulk querying, and real-time hyperparameter tuning.
These features allow its system to operate at a fraction of the cost of existing large-scale search solutions. By improving the efficiency of AI-driven searches, NOSIBLE enables more responsive AI agents that process significantly larger volumes of data.
The pre-seed funding round was led by Atlantica Ventures, with additional investment from existing customers.
The funds will be used to expand the company’s reach, scale its sales operations, and strengthen its position in the AI-powered asset management sector.
According to Stuart Reid, the startup’s approach to indexing operates at one percent of the cost of conventional methods while enabling real-time hyperparameter tuning.
This capability allows the system to adapt dynamically to complex searches, bringing efficiency to AI-driven asset management.
Ik Kanu, founding partner at Atlantica Ventures, noted that NOSIBLE’s team combines expertise in quantitative finance, machine learning, and computer science.
By developing its own infrastructure, the startup has created an efficient, intelligent platform designed to serve asset managers of all sizes.
This post first appeared here.
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