Kazakh Founders Raise $21.5M in AI

Nace.AI raised $21.5M. The round was led by General Catalyst.

Fundraising took about two months: 42 meetings and 41 rejections. The deal was closed in 36 hours after the first commitment. According to CEO Dos Bakytzhan, one “yes” was enough.

The company builds specialized AI models for the enterprise sector.

The first product is an AI agent for financial auditing: document analysis, risk detection, transaction testing, and reporting. Up to 20x faster execution.

Focused on the US market, now scaling in Silicon Valley.

The funding will be used for team growth, infrastructure, and data. The team has already doubled and continues hiring engineers, ML specialists, and product managers.

Long term focus is AI systems that can handle a significant share of company operations.