October 14, 2024: Omnea Secures $25M to Revolutionize AI Procurement - London-based Omnea Ltd. has raised $25 million in funding to enhance its AI-driven procurement platform. Led by Accel, the $20 million Series A round aims to improve software procurement efficiency through AI chatbots that navigate supplier databases using natural language. The platform also automates compliance checks and autofills purchase details, cutting down manual entry. Serving tech giants like McAfee and Proofpoint, Omnea addresses key procurement challenges such as duplicative suppliers and missed renewals, contributing to its eightfold revenue growth in the past year.
