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Omnea raises $25M to tackle the painfully annoying procurement market
Procurement — the process of requesting, vetting and eventually buying IT and other supplies in an organization — is typically one of the more
But as a marker of why investors are backing it, the company says last year revenues increased 8x from a list of customers that includes McAfee, Onfido, Proofpoint, Podimo, Robin AI, Sana, and Typeform. Gartner estimates there will be $5.26 trillion spent on all manner of procurement globally in 2024, up 7.5% a year ago and driven in part by what it describes as an “AI tax”: new tech means new spend. Omnea’s other investors include David Clarke (the ex-CTO of Workday), Claire Hughes Johnson (the ex-COO of Stripe), and Anne Raimondi (COO of Asana).
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