ARR
€420k
+6.2% MoM · +180.0% since Nov 25
Company
Controls for what an agent is allowed to do with a company’s tools.
1.00x
ARR
€420k
+6.2% MoM · +180.0% since Nov 25
Net burn
€280k / mo
Implied cash €5.32m
Runway
19 mo
Outside the nine-month line
People
11
NRR 100% · GM 70%
info
Closed 2 September 2026. Eleven people. The November board is the first time we should learn anything that changes a mark.
Suggested action. Hold the mark. Use the board to agree the two metrics that will matter in March: paid design partners converting, and time-to-policy on a new tool.
€m, monthly
€m per month
Monitoring note
Ione is the security layer we said would show up once agents left the demo. It is too new to praise. The memo of record is the investment memo, not this page. Keep the operating cadence boring.