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Omnea's Latest Funding Round: Transforming Procurement with AI

Introduction

On September 17, 2025, Omnea, a premier AI-native procurement intake and orchestration platform, announced it has successfully raised $50 million in Series B funding. This significant investment is aimed at advancing its vision of creating an AI-powered environment for supplier relationship management. This funding round drew substantial participation from well-known investors, including Insight Partners and Khosla Ventures, alongside other prominent venture firms such as Accel and Point Nine. With this new round, Omnea's total funding now exceeds $75 million.

A Year of Exponential Growth

The news of this funding comes on the heels of a remarkable year for Omnea, characterized by rapid revenue growth and significant expansion in its workforce. Over the past year, Omnea has quintupled its revenue and has tripled its employee count. Notable clients have joined its roster, including major enterprises like Spotify, Adecco, and MongoDB, solidifying the platform's reputation in both North America and European markets.

Addressing Today’s Procurement Challenges

In today's financial landscape, companies are grappling with multiple challenges, such as rising interest rates and increasing operational costs, all while navigating an ever-changing regulatory scene. The complexity of managing a growing number of suppliers has amplified these pressures. Companies are now more reliant than ever on a wide array of technology providers and consultants driven by the advent of AI. This places procurement at a pivotal junction, balancing cost management with the need to rigorously assess and mitigate risks associated with third-party suppliers.

Despite its critical role, procurement has historically been underserved by innovative software solutions, relying on outdated manual processes that are viewed as administrative burdens. Omnea aims to disrupt this paradigm by enhancing the strategic function of procurement, moving beyond traditional roles into a modern, technologically advanced sphere.

Enhancing Procurement Efficiency

Founded in 2022, Omnea has dedicated its efforts to streamlining procurement processes for departments across the board. The platform's highlight is its ability to offer a one-stop solution where employees can make procurement requests using natural language. It effortlessly coordinates workflows, ensuring the right stakeholders and systems are involved while serving as a reliable repository of supplier-related information.

Jeff Lieberman, Managing Director at Insight Partners, expressed confidence in Omnea, noting that among competitors, they boast some of the happiest customers in the sector. The platform's AI-driven approach modernizes procurement, enabling employees to quickly secure compliant suppliers and save significantly—potentially millions—by minimizing the number of redundant or underutilized suppliers.

Bridging the Gap Between Automation and Intelligence

Omnea plans to allocate its recently garnered funds to scale the next level of its supplier relationship management (SRM) vision, which hinges on a continuously updated single source of truth for vendor data. This innovative framework encompasses a comprehensive orchestration layer that ensures synergy within the entire financial tech ecosystem. As Ben Freeman, Omnea's founder and CEO, stated, “Businesses possess vast amounts of supplier data, but much of it is trapped in silos. Our AI SRM platform brings this data to life, helping to flag potential risks and ensuring compliance seamlessly.”

A Team Focused on Driving Change

Freeman attributes Omnea's swift rise to its commitment to a high talent density, maintaining a focused team of top-performing individuals. Following its launch, he brought back Abhirukt Sapru (CCO) and Sabrina Castiglione (CFO), both of whom played key roles in scaling Tessian, a cybersecurity firm acquired by Proofpoint. With AI SRM, Omnea aspires to revolutionize procurement, transforming it from a traditional administrative challenge into a strategic growth initiative.

Conclusion

As Omnea continues to grow, its aim remains focused on reshaping how procurement is perceived and executed in enterprises. By harnessing the power of AI within supplier relationships and enhancing operational efficiency, Omnea is on a path not only to help CFOs gain a competitive edge but to redefine procurement for a new era. The company's ongoing commitment to innovation and talent acquisition positions it well for success in the evolving landscape of corporate procurement.