Skip to the content

Investor overview · October 2026

Internet SI OS

The operating system for enterprise superintelligence

By Internet Labs

Confidential

01 / 26

A long records-room aisle at blue hour, a lamp lit at its far end

Contents

The argument

Seven chapters, one system

  1. 01

    The problem

    Enterprise AI stalls on the company’s own knowledge

    03–04
  2. 02

    The system

    One install compiles what a company knows and puts it to work in every department

    05–07
  3. 03

    The technology

    Compile, share, route, protect and learn, inside the client’s walls

    08–13
  4. 04

    Build and control

    Every team builds in plain words; two people approve every change; IT sees it all

    14–18
  5. 05

    The business

    A paid Proof, a setup from $5M, a $304B market

    19–22
  6. 06

    The plan

    Twelve months to build the OS, gates inside each client, Valor after

    23–25
  7. 07

    The pre-seed

    $5.5M to build the OS and reach Gate 1

    26

Internet SI OS · Investor overview · October 2026

02 / 26

The problem

Frontier models have read the internet

The knowledge that runs an enterprise
was never on it

  • $173M

    average planned AI spend over the next 12 months at $1B+ US companies, up 33% on a year

  • 37%

    of companies see any EBIT impact from AI

  • 72%

    of US leaders say they lack unified, accessible data

The main constraint is the enterprise’s own knowledge: fragmented, ungoverned and unsafe to hand to autonomous agents.

KPMG AI Pulse (Sep 2026) · McKinsey (Aug 2026) · Deloitte (Aug 2026, 501 leaders)

03 / 26

The problem

Spending rises; results don’t

Four leaks between the budget and the P&L

Planned AI spend

$173M

per $1B+ US company, over the next 12 months (KPMG, Sep 2026)

  1. Knowledge

    60%

    of AI projects without AI-ready data abandoned through 2026 (Gartner)

    Compile the foundation

  2. Trust

    65%

    have seen agents act beyond their scope; 34% check authorisation when an action runs (EMA)

    Keep it permissioned and cited

  3. Ungoverned building

    77%

    say AI adoption is outpacing their governance (IBM)

    Let every team build, under IT’s control

  4. After the vendor leaves

    70%

    of agentic AI built by vendors’ forward-deployed teams abandoned by 2028 (Gartner)

    Leave the client able to evolve it

What the platform must do

Reaching the P&L

37%

of companies see any EBIT impact from AI (McKinsey, Aug 2026)

42%

abandoned most AI initiatives in 2025, up from 17% (S&P Global)

Internet SI OS closes all four, inside the client’s own environment.

KPMG AI Pulse (Sep 2026) · McKinsey (Aug 2026) · S&P Global · Gartner · EMA (Aug 2026) · IBM, cited by Tines (Jul 2026)

04 / 26

The system

One system for the whole company

Four technologies at its core

Internet SI OS compiles what a company knows into governed memory, puts expert agents to work in every department, and learns from every day of work, in the company’s own environment and under human approval.

  1. 01

    Memory
    vault

    Every document, mail, ticket, recording and scanned archive, compiled into cited, permissioned pages.

  2. 02

    Pragmatic
    model routing

    Sensitivity decides first, then difficulty: every request reaches the model that serves it best.

  3. 03

    Reversible semantic
    pseudonymisation

    Identifiers become realistic twins, so models learn without seeing a real identifier.

  4. 04

    Continual
    learning

    Finds its own gaps, tests fixes on real work and keeps what passes.

One install
the whole company
Unlimited departments
added as data
Any environment
cloud, on-prem or air-gapped
Any model
on no single vendor

Technical Design (16 Oct 2026) · Product Brief (2 Oct 2026)

05 / 26

The system

How it works

Knowledge in, intelligence out, every change approved

Daily work · read bottom to top

  1. Company material

    Scanned paper

  2. Knowledge Compiler a source on every page

  3. Memory vault

  4. Orchestrator pragmatic routing

  5. Expert agents

    The Emissary

    Approved models

  6. People, in one workspace

Improvement · read top to bottom

  1. Capture

  2. Agents propose

  3. The owner approves

  4. Build or learn

  5. Tested on the living benchmark

  6. A person releases it

Blue: the proprietary core and the two human approvals · Technical Design (16 Oct 2026) · Product Brief (2 Oct 2026)

06 / 26

The system

One install, every department

Nine presets ship ready; any other is added as data, not code

  • A filing drawer of personnel folders pulled open

    HR

    Leave requests, onboarding checklist, policy questions

  • Ledgers and an adding machine on a desk

    Finance

    Invoice approvals, expense checks, month-end checklist

  • Order books and samples on a desk under a lamp

    Sales

    Proposal drafts, discount approval routing, account research

  • Printed proofs pinned to a corkboard wall

    Marketing

    Brand review requests, campaign briefs, launch checklists

  • Pencil drawings and paper models on a drafting table

    Design

    Asset requests, design review intake, research summaries

  • Rolled technical drawings and machine parts on a bench

    Engineering

    Incident review drafts, runbook lookups, on-call handover

  • Contracts tied with ribbon beside bound law books

    Legal

    Contract intake against the playbook, NDA requests

  • A key cabinet and new-joiner packs on a desk under a lamp

    IT

    New-hire provisioning, access requests, leaver offboarding

  • A records room of closed steel cabinets

    Security

    Alert intake and triage, phishing triage, endpoint isolation with analyst sign-off

  • A door left ajar onto another lit room

    Any other department

    Added as data: no code change, no redeploy

PRD (29 Oct 2026) · contents of each preset are a first draft, fitted to each client during setup

07 / 26

The technology

The Knowledge Compiler

From raw material to cited, permissioned pages

Raw material

A desk covered in loose papers under a lamp
  • Documents
  • Decks
  • Wikis
  • Mail
  • Tickets
  • Recordings
  • Paper

The compiler

  1. Map owners and permissions, before reading anything
  2. Label sensitive files before they are taken in
  3. Screen every source for planted instructions
  4. Compile versioned pages, a source on every claim
  5. Recompile only what changed, with one-step rollback

A compiled page Example · Finance

finance / wiki / expense-approvals.mdFinance · all staff

Expense approvals

Claims above a manager’s limit go to Finance for approval.1

Travel booked outside the travel tool needs a written exception.2

Every claim carries its receipts.1 3

  1. 1 Expenses policy.pdf · page 4
  2. 2 Travel guide · Finance wiki
  3. 3 Month-end checklist.xlsx
v14 · approved by the Finance ownerunder Git
Every claim opens to its source; access is fixed before the page exists.
~10 days

to compile an enterprise wave (target)

90%

of each department’s in-scope material reached (target)

$7,600

estimated model spend for a whole company wave, on an assumed corpus

Targets and estimates from the PRD (29 Oct 2026) · Technical Design (16 Oct 2026)

08 / 26

The technology

Why compiled beats retrieved

Knowledge that compounds

Search and retrieval (RAG)The memory vault
AssembledOn every questionOnce, then kept current
What accumulatesNothingEvery source and every approved answer
CitationsChunks chosen by similarityEvery claim carries its source
PermissionsFiltered at answer timeFixed before compiling
Change controlNone: the index changes as the files doOwner approval, one-step rollback
Where it livesIn a search indexPlain files in the client’s environment

The test, in every Proof: the vault against plain retrieval on the same model.

Technical Design (16 Oct 2026) · Product Brief (2 Oct 2026)

09 / 26

The technology

The Emissary

Answers across departments, never their bases

A person

The asker · in the example, a Sales lead

06Authorisation checked again when an action runs

01

The question

Released after the check

The Emissary

Carries the asker’s identity on every hop

05A second model, from another family, tries to refute the answer

02

Under the asker’s rights

04

Derived material only

The other department’s agent

In the example, Finance’s expert agent

03Answers from its own vault; the base is never exposed

Example

“Can we offer this client a deeper discount?”

“That is above the standard limit; it needs Finance sign-off.”

Finance’s approval limits never leave Finance; only the answer does. And only people start these requests, never agents.

How it is proven

  • Leak tests

    across every pair of departments, on every build.

  • Identity on every hop,

    so an answer can never carry more than the asker may see.

  • A second department live

    is the test the Emissary is switched on against, in v2.

PRD (29 Oct 2026) · Technical Design (16 Oct 2026) · the Product Brief and Technical Design call the Emissary the Broker

10 / 26

The technology

Pragmatic routing

Sensitivity decides first, then difficulty

A request

  1. 01

    Sensitivitysets the ceiling

  2. 02

    Difficultypicks the first rung

Regulated data stops here

  1. Department adapterInside the walls · tried firstChecked against cited sources
  2. Open modelThe client’s GPUsChecked

    Check fails: escalate

  3. Frontier modelAn approved providerChecked

    Only if the data may leave

up to 98%

lower cost at GPT-4-level accuracy on benchmark tasks (FrugalGPT, Stanford, 2023)

85%+

lower cost at 95% of GPT-4 quality on MT Bench (RouteLLM, 2024)

The OS reports its own mix from the first pilot.

Every route, cost and outcome is logged; the router changes only after passing the living benchmark. No single model or routing vendor sits on the critical path.

PRD (29 Oct 2026) · FrugalGPT (2023) · RouteLLM (ICLR 2025) · Microsoft Tech Community

11 / 26

The technology

Tested on 500,000 financial-services cases

Models learn without seeing a real identifier

Keeps meaning?Restorable?
Redaction
Masking with placeholderspartly
Tokenisation
Reversible semantic pseudonymisation
96.2%

answer fidelity after twinning and reversal against 41.3% for masking, 12.8% for tokenisation

1.5%

leak rate under an active extraction attack against 7.8% and 22% for two open-source detectors

100%

of substitutions restored exactly

One identifier, on its way through · an example

  1. In the client’s material

    Priya Nair
    account 40-1187-22 · Leeds

  2. Its realistic twin

    Hannah Cole
    account 73-5520-09 · Bristol

  3. What the model sees

    Only the twin: the meaning holds, the person does not

  4. Restored at the boundary

    Priya Nair
    account 40-1187-22 · Leeds

    with the client’s key

Internal benchmark, 500,000 financial-services test cases · open-source detectors compared: GLiNER and Microsoft Presidio · the names in the example are invented

12 / 26

The technology

Continual learning

Memory first, weights last, behind two human approvals

Memory

Every day · undone in one step

Every day

  1. 01
    Agents log the day’s work to the department’s memory folder.
  2. 02
    Overnight consolidation proposes cited updates to the wiki.
  3. 03
    Approval 1The department owner approves.
  4. 04
    Each update becomes a commit in the vault.
+39%

agent performance with file-based memory and context editing, with 84% fewer tokens (Anthropic, Sep 2025)

Only approved, stable knowledge

Weights

Only when stable · versioned, removable

  1. 01
    Pseudonymised first.
  2. 02
    Trains a department adapter.
  3. 03
    Beats the current one on the living benchmark, with no regression on a general test.
  4. 04
    Approval 2A person releases it.
−89% · −71%

held-out scores after full fine-tuning and after LoRA on new facts (Meta, Oct 2025): why weights come last

The vault stays the source of truth; every adapter can be removed.

PRD (29 Oct 2026) · Meta, sparse memory finetuning (Oct 2025) · Anthropic (29 Sep 2025)

13 / 26

Build and control

Build a workflow in plain words

Described, drafted, tested, inside a governed build space

Workflow studioFinance build space · Invoice approvalsExampleOn a branch · tests passing

1 · Describe it

“When an invoice arrives in the accounts-payable inbox, match it to its purchase order, flag duplicates, send anything over the controller’s limit for approval, and post approved invoices to the ERP.”

Plain words, from a Finance builderDraft the workflow

Or start from a template

  • Invoice approvals
  • Expense checks
  • Month-end checklist

Put a front end on it

  • Form
  • Page
  • Dashboard
  • Case tracker

Routes decide who can reach each one, inside or outside the company.

2 · See it on the canvas edits stay in step with the code

  1. TriggerAn invoice arrives in the AP inbox
  2. Tool · ERPFind its purchase orderschema
  3. CodeFlag duplicates, reconcile the totalsnumbers
  4. AgentThe Finance expert reads the approval limitcitations
  5. ApprovalThe controller signs off anything over itsign-in
  6. Tool · ERPPost the approved invoiceonce

Each step’s output is checked before the next step reads it.

3 · Or as code, in Git

id: finance-invoice-approvals
space: finance
consumers: [ap-team]
trigger: { mail: accounts-payable }
steps:
  - { id: po,    kind: tool,  tool: erp.find_po }
  - { id: dupes, kind: code,  check: [reconcile] }
  - { id: limit, kind: agent, agent: finance-expert }
  - { id: ok,    kind: approval, for: send,
      role: controller }
  - { id: post,  kind: tool,  tool: erp.post_invoice }
# caps on steps, spend and time, set by the owner
Who can start it
The AP team
Connectors
ERP and the AP inbox, as the space allows
Credentials
Injected at run time, never shown
Tests
Sample invoices, then the living benchmark

PRD (29 Oct 2026): workflow studio, build spaces and skills, apps and cases · Technical Design (16 Oct 2026): checked workflows · the example and its code are illustrative

14 / 26

Build and control

Two people for every change

And a person for every action that sends, spends or publishes

Every change

  1. 01

    On a branch

    A workflow, app, skill, agent or fix

  2. 02

    Tested

    Sample data, then the living benchmark

  3. 03

    The owner approves

    With a fresh sign-in

  4. 04

    A person releases

    One-step rollback

  5. 05

    Live on its trigger

  6. 06

    The console watches

    Runs, failures, spend, savings

Agents propose and draft.
They never approve or release anything.

Autofix and Autotune
propose a fix on a branch

Every action

Approval neededInvoice approvals · step 5 · example

Post this invoice to the ERP?

Above the controller’s limit, so it waits for you.

Supplier
Northgate Facilities Ltd
Amount
£18,400.00 · matches its purchase order
Limit
Approval limit, Expenses policy p. 4
Acts as
You, through one short-lived token

Approve and sign inDecline

  • Exact arguments. Values from document text are marked; the approval matches them and is used once.
  • Standing approvals only as owner-signed rules with limits on amount, recipients and volume, logged on every run.

PRD (29 Oct 2026) · Technical Design (16 Oct 2026): approvals runtime, the build loop · the approval card is illustrative; the names in it are invented

15 / 26

Build and control

Who can do what

Roles come from the client’s own groups;
agents propose, people decide

An open key cabinet and a sign-in ledger under a lamp

The client’s identity groups

  • Finance-UK
  • AP-Team
  • Controllers
  • Finance-Builders

Bound by group id,
never as a list of people

Roles in the Finance department

  • Member
  • Builder
  • Approver
  • Releaser
  • Owner

Plus, install-wide, the install owner in the client’s IT.

MemberBuilderApproverReleaserOwnerInstall ownerInternet LabsAgents
Use the OS, run allowed workflows
Build workflows, apps, agents
Approve a change to go live
Release, or roll back
Approve a send, spend or publish of their own
Connect a system, bind groups
Read a department’s sources
Set AI budgets
  • Decides, with a fresh sign-in
  • Does it
  • Proposes or drafts
  • Only within limits: own rights, a time-boxed setup grant, or as the person
  • Never

Technical Design (16 Oct 2026): who can do what, bindings · PRD (29 Oct 2026): users, build spaces · group names are illustrative

16 / 26

Build and control

IT and security see everything

Every workflow, app and agent:
who built it, what it touches, what it costs

Operations consoleInside the client’s environmentExample data
  • Inventory
  • Monitoring
  • AI spend
  • Access map
  • Duplicates
  • Savings ledger
  • Dependencies
  • AI gatewayv2

Inventory

Every workflow, app and agent across the company

  • All spaces
  • Finance
  • Sales
  • HR
  • Legal
NameKindSpaceBuilt byTouchesLast runState
Invoice approvalsWorkflowFinanceA Finance builderERP · AP inbox2 min agoLive
Finance expertAgentFinancePresetFinance vault1 min agoLive
Expense checksWorkflowFinancePresetExpense policy · Jira14 min agoLive
Month-end checklistWorkflowFinancePresetERPAutofix proposed a fixAwaiting owner
Discount approval routingWorkflowSalesPresetCRM38 min agoLive
Onboarding checklistWorkflowHRPresetMailYesterdayLive
Contract intakeAppLegalA Legal builderSharePointNot yetOn a branch

AI spend · this month

  • Finance
  • Sales
  • HR
  • Legal

Every department inside its budget. The tick is each budget the owner set.

AI gateway

An unapproved MCP server, blocked and loggedApproved tools, models and MCP servers are kept by team

PRD (29 Oct 2026): operations console, AI gateway · the rows shown are example data

17 / 26

Build and control

Inside the client’s walls

Designed for a Fortune 500 security review

  • Approved model providers

    Only the ones the client approves

    Model calls

  • Valor API

    Zero retention, if the client chooses it

    Requests

  • Internet Labs

    Holds no client data; no shared control plane

    No line in

The client’s environment

Its cloud account · on-prem · air-gapped with the Sovereign edition

  • Memory vaults

    One per department, plain files under Git

  • Workflows and apps

    Code in Git, shown as a canvas

  • Logs and audit trail

    Every write, with one-step rollback

  • Keys and the twin mapping

    In the client’s key store

  • Adapters and local models

    Regulated data reaches only these

  • The operations console

    IT and security see everything built and run

  • Permissions before content
  • A source on every claim
  • Two human approvals
  • Every step sandboxed
  • Credentials never visible

Certifications

  1. 01

    SOC 2 Type I

    before the first paid Proof

  2. 02

    SOC 2 Type II and ISO 27001

    within 12 months of it

  3. 03

    Compliance packs on request

    HIPAA, ISO 42001, FedRAMP Moderate

PRD (29 Oct 2026) · Technical Design (16 Oct 2026) · OWASP Agentic AI Threats v1.0 (Feb 2025) · CJEU, EDPS v SRB (Sep 2025)

18 / 26

The business

How a deployment lands

A paid Proof first, a training month last

10–12 months · value from the first department

  1. Discovery

    Shown in person, under NDA

  2. The Proof

    Paid, fixed scope, one department; credited against setup

  3. Waves

    One department at a time, each live before the next

  4. Handover

    About a month training the client’s team

  5. Every year after

    License and subscription; departments added at their setup price

Inside the Proof · one department, paid, fixed scope, credited against setup

  1. 01Its compiled base
  2. 02Its expert agent
  3. 03Its first workflows
  4. 04A side-by-side test against the current tool
  5. 05A baseline for the savings ledger

Thresholds fixed in writing before the test runs; every deployment reports its lift over plain retrieval with the same model.

A pod of four delivers it

  • Forward-deployed engineer
  • Forward-deployed engineer
  • Data and platform engineer
  • Delivery lead

About one deployment per pod a year.

A ring of old keys beside a closed folder on a wooden table
Handover closes only when the client’s team does every job unaided.

PRD (29 Oct 2026) · Product Brief (2 Oct 2026) · stage lengths drawn to show the order, not to scale

19 / 26

The business

Priced off one number

The setup fee: from $5M, then 70% of it every year

Setup, once

$5M$10Monce P&L case studies exist

From $5M for the first ten deployments

Every year after

70% of setup$3.5M a year on a $5M setup

20% license50% platform subscription

Setup per department, by edition

  • Core$300K

    The shell, Knowledge Compiler, expert agents, routing, memory vault

  • Enterprise$450K

    Core plus the Emissary, the build loop, adapters, governance and audit

  • Sovereign$675K

    Enterprise plus on-prem or air-gapped, data residency, compliance packs

On top, as it is used

Seats
About $25 a seat a month, realised
Agent actions
$0.07 above the included volume
Voice
$0.12 a minute
Desk resolutions
$1 per request an IT, HR or finance desk resolves
Third-party models
List price plus 5%
Valor
What it costs to serve, plus a margin
Adapter training
Compute at cost

Seats are a planning assumption. Support, compliance, residency and services are priced as add-ons.

PRD (29 Oct 2026) · pricing ladder (25 Oct 2026) · bars drawn to scale within each chart

20 / 26

The business

A $304B market for the OS

Every company with $1B+ of revenue, at our price

RevenueBuyersPackage a yearMarket a year
$10B+2,000$70M$140B
$5–10B2,000$22M$44B
$1–5B13,750$8.7M$120B
All tiers17,750$304B
Price
Setup $5M+, then 70% of setup a year
First vertical
Financial services: regulated, document-heavy, and where the benchmark ran

Buyers × package a year, derived · buyer counts by tier are estimates until a Capital IQ screen replaces them · pricing ladder (25 Oct 2026)

21 / 26

The business

Built to win

And why an early lead compounds

  1. A compiled, cited foundation

    Retrieval is table stakes; the compiled vault is not.

  2. The Emissary

    Departments share intelligence without sharing their files.

  3. Sovereign, on no single vendor

    Any cloud, on-prem or air-gapped.

  4. Evolvable after handover

    The improvement loop keeps running after the engineers leave.

  5. Every deployment advances the base

    The next one starts further along.

  6. Daily use is the switching cost

    Leaving means moving the entire company.

Buyers compare us with Palantir AIP, Glean, Cohere North, Microsoft Copilot and the labs’ own deployment arms.

Market Research (2 Oct 2026) · Product Brief (2 Oct 2026)

22 / 26

The plan

Twelve months to build

Three teams in parallel, then one system

  1. OS core
  2. Continual learning
  3. RSP

Integrate and test

  1. Month 13First paid Proof
  2. Month 18Gate 1

    Proof targets met and a second department signed

  3. On Gate 1The next round

    Sized to the evidence Gate 1 produces

  1. Month 3

    Compiler and vault, shown on a real department’s corpus

  2. Month 9

    Three financial-services design partners; lift over plain retrieval measured

Internet SI OS is pre-revenue. Product brief, technical design and MVP plan complete; this round builds the OS.

Month ranges are plan estimates · Technical Design (16 Oct 2026) · MVP plan (10 Oct 2026)

23 / 26

The plan

Twenty-three features, three gated phases

Each client moves up only after passing its gate

  1. 13 v1 · Core

    • Knowledge Compiler
    • OS shell
    • Company knowledge base
    • Hard-copy digitisation
    • Department expert agents
    • Access that travels with the knowledge
    • Multi-model routing
    • Memory vault and living benchmarks
    • Workflow studio
    • Secure runtime
    • Operations console
    • Build spaces and skills
    • IT and Security presets
  2. Gate 1

    7 v2 · Connected

    • The Emissary
    • Agents that suggest skills
    • Graph engineering
    • A shared agent space
    • Apps and cases
    • Autofix and Autotune
    • AI gateway

    Gate 1 opens v2: the Proof’s targets met
    and a second department signed.

  3. Gate 2

    3 v3 · Self-building

    • Self-improving build loop
    • Department model adapters
    • Partner and MSSP tenancy

    Gate 2 opens v3: no permission breach,
    and every living benchmark holding.

PRD (29 Oct 2026) · MVP plan (10 Oct 2026) · the twelve-month build is on the plan slide

24 / 26

The plan

It compounds

Every installation that opts in makes Valor stronger

  1. 01

    Daily work

    in the OS

  2. 02

    Golden data

    demonstrations, preferences and tests, approved by owners

  3. 03

    Valor

    Internet Labs’ model line, post-trained inside each client’s walls

  4. 04The five-year aim

    The default model

    for daily corporate work

Frontier models stay in the mix for the hardest tasks; pragmatic routing decides, request by request.

Valor is the next round’s work, after Gate 1; this round builds the OS

25 / 26

The pre-seed

Raising · pre-seed

$5.5M

Eighteen months to the first paid Proof and Gate 1, plus three months of breathing room.

Instrument and terms open,
to agree with the lead investor

hi@internetlabs.ai · internetlabs.ai

Reaches

  1. Real-corpus demo
  2. Three design partners
  3. OS built
  4. SOC 2 Type I
  5. First paid Proof
  6. Gate 1

Use of funds

  • People$2.6M
  • Compute$0.6M
  • Go-to-market$0.3M
  • Company, SOC 2$0.5M
  • Hiring$0.2M
  • Contingency$0.6M
  • Breathing room$0.7M

The founding team

Abraham Vincent Philip

Founder and CEO

  • Ankush Sharma

    Founding CTOPreviously Google, PayPal

  • Ayush Goyal

    Founding principal engineerPreviously Microsoft

  • Vipul Sharma

    Founding principal engineerPreviously Meta

  • Stacie Chan

    Founding CMOPreviously Google

First hires

Founding ML research lead · Enterprise sales lead, financial services · Forward-deployed engineer

Bottom-up budget for the pre-seed (26 Oct 2026)

26 / 26