6 min read

Possibilism

Possibilism
Photo by Jonas Olbergas on Unsplash
Lithuania Tech Weekly #208
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work in progress

  • Giving. Pijus comes with exciting update – they are taking over Aukok.lt, famous online donations platform in Lithuania. Pretty unique to see NGO being acquired, proves it is performing well – and making an impact.
  • E-commerce giants ain't sleeping, at least not BURGA – just 50% growth, just modest $80m in revenue (!). And this is only scratching the surface, we owe you a list of these companies. For example, CommerceCore closed EUR 20m in 2023. Some given impression of a play – like Turn My Royal, but then you look up the founder and he goes

rounds and capital


sponsors

Cloudvisor [AWS partner dedicated to startups]
PayPal [
Global integrated payments solution]
Oxylabs [
Step into the world of web data gathering]
Vinted [Largest C2C European marketplace, 
hiring]
Tech Zity [
tech hubs and campuses across Lithuania]
Presto Ventures [
investing in startups – security, defense, aerospace]
15MIN Group [
all the news you need to know]
Wargaming [award-winning game developer, 
careers]


three questions

Tomas Okmanas, Co-founder of Tesonet, also Nord Security, Oxylabs and now nexos.ai and others

Why nexos.ai - what opportunity are you after?

The power and potential of AI for businesses are clear to every enterprise. However, as companies race to integrate AI capabilities, they face significant challenges in managing multiple AI models, controlling costs, and ensuring reliable performance.

nexos.ai is addressing one of the most pressing questions of 2025: how to efficiently deploy, manage, and optimize an increasingly complex ecosystem of AI models across organizations.

By serving as a one-stop shop for enterprise AI needs, nexos.ai provides a platform that makes working with AI as intuitive as collaborating with human teams. It offers the infrastructure and oversight required to ensure that AI models perform at their best while remaining cost-effective and secure. Ultimately, our mission is to accelerate the adoption of AI.

How does nexos.ai fall into the Tesonet ecosystem - is it a separate venture with a dedicated team?

Yes, same as with all Tesonet ecosystem’s brands, it is a separate venture, with a growing dedicated team.

How will you be splitting your time and energy across nexos.ai and other portfolio companies?

I’ll dedicate as much time to nexos.ai as it will need, but that doesn’t mean that other Tesonet ecosystem companies will slow down in any way. We have thriving leadership and passionate teams across all companies and products and the past few months showed that everything managed to stay on track.


founder's guide

  • What to expect from AI if you want to be more practical about the tools.
  • This one is for founders, struggling to raise: it's a feature, not a bug.

roleplay

Early-stage startup jobs (50+) Baltics, don't miss opportunities like:

Oxylabs - Engineering Manager
Oxylabs - Head of Account Management
Elinta Charge - Business Development Manager
Percy Booths - Head of Marketing
Eliq - Director of Product
Softloans - BDM, Latvian speaking
Smartproxy - Head of Account Management
Gifty - CEO
Aktyvus Photonics - Head of Laser Production
Bison Ecommerce - Head of Digital Marketing
Walk15 - COO
edON - Head of Business Development

Did you know that all startups are eligible to receive up to $100,000 in free AWS Credits? It's true! By working with Cloudvisor, an advanced-tier AWS partner, you can claim these credits.

But that's not all! You'll also enjoy discounts, expert support, and simplified billing. 📈 Book a free consultation with the Cloudvisor team to learn more


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