Summary
- Velatir has raised €5 million in seed funding led by Spintop Ventures and existing investor Ugly Duckling Ventures.
- The company says it has grown to 80 customers across six European countries in seven months.
- Funding will support hiring and expansion as enterprises seek greater visibility over employees and autonomous AI agents.
Danish startup Velatir has raised €5 million in seed funding to expand technology designed to monitor how employees and autonomous agents use artificial intelligence systems across enterprise environments.
The round was led by Spintop Ventures and existing backer Ugly Duckling Ventures, with Norrsken Evolve returning alongside angel investors including n8n founder Jan Oberhauser and former Universal Robots chief executive Thomas Visti. Denmark’s Export and Investment Fund is also providing a matched loan.
The new financing follows a DKK10 million, roughly €1.35 million, pre-seed round earlier this year. Velatir was founded in Odense in 2023 and is led by Michael Blicher Sørensen, whose earlier career included Danish defence and intelligence work before security roles involving Meta’s global infrastructure.
Velatir’s product is intended to sit across multiple AI services rather than protect a single model provider. It monitors AI usage and data flows, gives organisations visibility over which services are being used, and can identify activity involving sensitive information or systems that have not been formally approved.
The company describes the approach as a control layer for both people and autonomous agents. That distinction is becoming more important as enterprise AI adoption moves beyond employees copying information into chat interfaces and towards software capable of taking actions through applications and APIs.
Velatir says it had no customers at the beginning of 2026 and has since reached 80 organisations across six European countries, including customers in banking, insurance, legal services, government and utilities. It also says annual recurring revenue is approaching $1 million. Those figures are company disclosures rather than independently audited results.
The business has made European ownership and hosting part of its proposition. Velatir argues that organisations subject to regulatory, procurement and sovereignty requirements increasingly want AI monitoring technology that does not itself introduce another dependency on a large non-European cloud provider.
Data location alone does not resolve AI governance. Organisations still need to understand who can use a model, what information it receives, which actions an agent can take and how activity can be reconstructed after an error or incident. Those requirements are becoming more operational as AI deployments spread across business functions.
The EU AI Act adds another layer of formal governance, although it does not create a general requirement to purchase specialist AI-security products. Financial organisations also operate under DORA requirements covering technology risk and third-party resilience, while existing privacy, access-control and data-security obligations continue to apply when AI tools process regulated information.
Velatir plans to use the seed funding to expand its workforce and commercial presence across Europe. A Stockholm office is due to open in October, with further expansion planned in markets including France, the Netherlands and the Nordic region.
The company is entering a market where major security, cloud and productivity vendors are adding their own AI controls. Its longer-term position will depend on whether customers prefer a neutral layer operating across several AI providers or accept governance features bundled into the platforms they already buy.
The financing nevertheless reflects a change in the AI-security market. Control is moving beyond testing individual models towards understanding which AI systems operate inside an organisation, what data they touch and whether autonomous software remains inside the permissions it was given.
