Euno, a startup that provides a context platform for enterprise AI agents, has raised $23 million in a Series A funding round led by N47. The round, which was disclosed by CEO Sarah Levy to Axios Pro, also saw participation from existing investor 10D and a group of founders from the security and data world.

The problem Euno is trying to solve is that AI agents often lack the context they need to operate effectively. For example, if an agent is asked to provide the customer churn rate for the last quarter, it may have access to multiple versions of that data, but it won't know which one the finance team trusts. Euno's platform learns how an organization builds, uses, and governs its data, and provides each agent with only the slice of context it needs to complete its task.

Levy frames the accumulated knowledge as the lasting advantage for Euno. "Models keep getting better and cheaper," she said. "The moat, in my view, is the company's own record of how work gets done." The company's platform also enforces access rules, so an agent can't reach data it shouldn't.

Euno was founded in 2023 by Levy and Eyal Firstenberg, both of whom graduated from Talpiot, the Israeli military's technology program. The company has nearly 30 staff across the US and Israel, and expects to double that by the end of the year. Most of the new funding will go into sales, marketing, and AI research.

Named customers include market intelligence company AlphaSense and telecoms group Zayo. Zayo's director of data and AI governance, Will Mitchell, said Euno let the company skip building a traditional data catalogue. While Euno hasn't disclosed revenue or a customer count beyond saying it works with Fortune 500 organizations, its claim to deploy AI in weeks rather than a year is the company's own.

The market Euno is operating in is highly competitive, with security startups raising large rounds to control what agents can touch. However, Levy argues that data teams have been right to slow AI down, as nobody could tell them what an agent would reach once connected. The biggest data platforms, including Databricks and Snowflake, are racing to make their data usable by agents, which gives a small context layer like Euno a large pool of potential customers, and large potential rivals.

Levy told Axios Pro that Euno may raise again within 12 months if customer traction stays strong. A named customer count, or revenue, would be the clearest sign that it has.

This article was written with the assistance of AI.
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