Kovant Raises €1.5 Million Pre-Seed Funding and Launches Globally to Redefine Enterprise Operations Through Agentic AI

Kovant, an enterprise-grade AI agent executing operations autonomously, led by Ali Sarrafi, Dror Asaf, and Somil Gupta, has raised €1.5 million pre-seed capital led by Stockholm-based VC firm J12 Ventures, with participation from Ampli, Greens Ventures, and angel investors from tech veterans to industry leaders, including Sara Öhrvall, board member at Axfood, Investor AB,  Verisure, and an angel investor, who will also be joining the Kovant board, and Emmanuel Martin-Chave, VP AI at Data Guard.

Kovant is emerging as Sweden’s next major AI success, generating €1 million in enterprise revenue within its first year while still in stealth and securing major industrial clients across the Nordics. The new funding will support expansion into Switzerland and the Benelux region as the company advances its vision of agentic-first operations, where AI workforces handle end-to-end business functions with full governance and oversight.

Founded by veterans from Spotify and Bosch, Kovant is led by serial entrepreneur Ali Sarrafi, who previously spearheaded AI efforts at Spotify and built an AI company that transformed enterprises like Ericsson, H&M, SAS, and SEB before its acquisition.

Kovant goes beyond copilots and isolated bots by delivering managed agentic workforces, specialised AI teams that autonomously handle functions like procurement, supply chain, inventory, compliance, and customer success. These agents are already transforming workflows, reducing processes that once took months to just one or two days, all while keeping humans in the loop.

Built on a novel architecture, Kovant deploys swarms of Small Language Model–powered agents instead of relying solely on large generalist models, significantly lowering hallucination and error rates. Each agent operates with strict guardrails for accuracy, auditability, and compliance. Deployable in weeks, Kovant’s agentic teams run continuously, learn over time, and escalate only when human input is needed.

Ali Sarrafi, CEO and Co-Founder of Kovant, said enterprises don’t need large transformation projects to see real AI value. Kovant’s approach lets AI handle execution while humans focus on judgment, delivering measurable P&L impact within weeks. The new funding will help scale this model globally.

Emmet King, Founding Partner at J12, said most industrial enterprises still rely on fragmented, manual processes that make AI adoption difficult. He noted that Kovant is one of the few teams with a credible path to modernize these operations at scale, backed by deep data and AI expertise.