NOSIBLE Secures $1 Million in Pre-Seed Funding for AI-Driven Stock Market Research

AI-driven stock market researcher Nosible secures $1 million in pre-Seed funding

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The funding will support NOSIBLE in launching its growth marketing efforts, scaling its sales operations, and accelerating its go-to-market strategy. Founded by Stuart Reid, a computer scientist and quantitative analyst with over a decade of experience building large-scale AI systems, NOSIBLE is on a mission to become the leading AI provider to asset managers. After working with existing technology for many years Stuart and Matthew Dicks, a founding engineer at NOSIBLE, made a remarkable discovery - a novel solution to one of AI's most challenging puzzles, approximate nearest neighbors. NOSIBLE's solution is uniquely optimized 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. Recognizing search as a scaling law, NOSIBLE's innovation unlocks smarter AI agents because they search 100x more. "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." Speaking on their investment, Ik Kanu, Founding Partner at Atlantica Ventures adds, "We invested in NOSIBLE because we 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 specialized value for small to large asset managers with impressive capital efficiency - it's exactly the kind of focused innovation we look for." Joining NOSIBLE at this critical stage is industry veteran Axel Hörger, who comes on board as Advisor. Hörger brings nearly three decades of experience in executive leadership roles at leading financial institutions, including Lombard International, UBS, and Goldman Sachs. His extensive network and deep expertise in capital markets and next-generation digitalization will be pivotal in accelerating NOSIBLE's influence. "NOSIBLE's innovation unlocks exciting new opportunities by enabling AI agents to perform more searches, enhancing the depth and accuracy of their results", explained Hörger. "The team has developed a technology with the potential to reshape AI analytics entirely, and I'm thrilled to join NOSIBLE at this important stage and leverage my experience to help drive the next phase of growth." Alongside the new funding, the company has released nosible.ai - a competitive arena featuring hyperspecialized AI agents designed to deliver targeted and accurate responses to users' questions. Unlike generalized "God models" popularized by large AI labs, each nosible.ai agent focuses exclusively on performing one task exceptionally well, improving continuously through extensive search interactions. NOSIBLE's core thesis is straightforward: the more its AI agents search, the smarter they become. For instance, its research agent can quickly analyze data in minutes, which traditionally requires 20 hours. By drastically reducing the cost of web-scale search, NOSIBLE believes its agents will deliver significantly deeper insights. Reid concludes, "nosible.ai agents empower asset managers to do the impossible. With lower search costs, our agents can deliver unprecedented analytical depth." NOSIBLE is redefining expectations for AI agents and setting new standards for web-scale search, paving the way for future innovations.

NOSIBLE garners $1 million in pre-seed funds By Investing.com

SAN FRANCISCO, CA AND NEW YORK, NY - NOSIBLE, an AI startup, announced today that it has raised $1 million in pre-seed financing. The round was led by Atlantica Ventures with contributions from strategic investors, including existing customers. The capital injection is earmarked for the launch of nosible.ai, a platform hosting hyperspecialized AI agents aimed at automating labor-intensive tasks in asset management. The company, co-founded by Stuart Reid, a seasoned computer scientist and quantitative analyst, and Matthew Dicks, a founding engineer, has developed a technology that significantly reduces the cost of large-scale search functions in AI, claiming a 100x cost reduction compared to current methods. NOSIBLE's innovation also features capabilities such as native pre-filtering, compression, streaming, bulk querying, and real-time hyperparameter tuning, which they believe will make AI agents smarter by enabling them to conduct more extensive searches. Reid, the CEO of NOSIBLE, stated that their discovery has the potential to alter the AI landscape by offering an index that operates at a fraction of the cost of existing solutions, while also allowing for dynamic adaptation to complex searches. Ik Kanu, Founding Partner at Atlantica Ventures, commented on their investment, highlighting NOSIBLE's unique combination of quantitative finance, machine learning, and computer science expertise. He emphasized the startup's potential to deliver specialized value to asset managers with high capital efficiency. Axel Hörger, a veteran in the financial industry with an extensive background at Lombard International, UBS, and Goldman Sachs (NYSE:GS), joins NOSIBLE as an Advisor. Hörger's experience is expected to be instrumental in accelerating the company's growth and influence in the market. NOSIBLE has also launched nosible.ai, a competitive arena where each AI agent is designed to excel in a specific task. This approach contrasts with the generalized models prevalent in the industry, with the expectation that NOSIBLE's agents will continuously improve through search interactions. The company's core premise is that more searches equate to smarter AI agents. By reducing the cost associated with web-scale search, NOSIBLE anticipates that its agents will be able to provide asset managers with deeper insights and analytical capabilities. This news is based on a press release statement from NOSIBLE.