South African AI startup NOSIBLE has secured US$1 million in pre-seed funding to support it in launching its growth marketing efforts, scaling its sales operations, and accelerating its go-to-market strategy.
Founded in 2020 by Stuart Reid, NOSIBLE is an emerging AI startup, offering two core products – a powerful search engine API that provides businesses with real-time and historical data insights, and nosible.ai, a consumer-facing platform featuring hyperspecialised AI agents designed to streamline asset management tasks.
The startup is on a mission to become the leading AI provider to asset managers. Its solution is uniquely optimised for disk, supports native pre-filtering, compression, streaming, bulk querying, and even real-time hyperparameter tuning. These characteristics combine to create a solution that is 100x cheaper than the current state-of-the-art in large-scale search. Recognising search as a scaling law, NOSIBLE’s innovation unlocks smarter AI agents because they search 100x more.
NOSIBLE’s US$1 million pre-seed round was led by Atlantica Ventures, alongside additional strategic investments from existing customers. The funding will support NOSIBLE in launching its growth marketing efforts, scaling its sales operations, and accelerating its go-to-market strategy.
“Our discovery changes the AI equation,” said Stuart Reid, founder and CEO of NOSIBLE. “Our index operates at 1/100th the cost of current methods and uniquely supports real-time hyperparameter tuning, allowing it to dynamically adapt to more complex searches – similar to how OpenAI pioneered the use of test-time compute.”
Ik Kanu, founding partner at Atlantica Ventures, said his firm invested in NOSIBLE because it saw a small, focused team that was deeply knowledgeable in quantitative finance, ML, and computer science, building their own infrastructure to power a low-cost, agentic platform with intelligent workflows.
“This unique blend of finance and tech expertise allows NOSIBLE to deliver highly specialised value for small to large asset managers with impressive capital efficiency – it’s exactly the kind of focused innovation we look for,” he said.
