Kovant closes €1.5M to advance agentic AI for enterprise operations

Kovant, an autonomous enterprise platform based in Stockholm, has secured €1.5 million in pre-seed funding to advance its agentic AI technology. This innovative platform enables businesses to establish and manage AI agent teams, marking a significant step towards automating complex operational processes. The funding round was spearheaded by J12 Ventures, with contributions from Ampli, Green Ventures, and a collection of angel investors. Kovant's platform differentiates itself by offering managed agentic workforces composed of specialized AI agents. These agents autonomously manage various functions, including procurement, supply chain, and customer success, unlike typical copilots that offer limited workflow assistance. The platform utilizes a novel architecture that deploys swarms of agents based on Small Language Models (SLMs) instead of relying solely on larger, more general models. This technology directly impacts enterprises by accelerating processes, such as procurement, from one month to completion within one to two days. Kovant is launching globally, targeting enterprises of all sizes across different markets to adopt an agentic-first operational approach. With this new capital, Kovant plans to expand its presence across the Nordics, Switzerland, and the Benelux region. Kovant's technology emphasizes retaining human oversight, aligning with the broader European focus on responsible AI development and deployment. The company aims to facilitate a shift where AI handles execution, enabling human workers to concentrate on tasks that require their judgment and expertise. This approach positions Kovant to be at the forefront of the digital transformation of European businesses.