Omnea raises $50M Series B for AI-driven supplier relationship management

Omnea raises $50M to accelerate AI-driven supplier relationship management

Omnea has secured $50 million in Series B funding to speed up adoption of AI in supplier relationship management across large enterprises. The round was led by Insight Partners and Khosla Ventures, with participation from Accel, Point Nine Capital, First Round Capital and Prosus. The company previously raised $25 million in a Series A last October.

What Omnea does

Founded in 2022, Omnea provides a procurement intake and orchestration platform that gives employees a single, natural-language front door for supplier requests. It automates risk checks, enforces compliance and unifies procurement workflows to eliminate fragmented tools.

The outcome: fewer duplicate efforts, better use of supplier contracts and measurable savings. By connecting procurement activity in one place, teams can move faster without sacrificing governance.

AI-first SRM

Omnea's AI-driven SRM continuously refreshes vendor data and triggers proactive actions across teams. Examples include flagging expired certifications for risk, launching RFPs for procurement and producing CFO-ready reports.

The platform also pulls insight from previously siloed vendor data by integrating with the broader finance tech stack. That means cleaner vendor files, tighter controls and clearer performance signals.

CEO Ben Freeman said, "Businesses hold a treasure trove of supplier data, but its value is locked away in spreadsheets, inboxes and siloed point solutions. Our AI SRM platform unlocks that data at every level of the organization: proactively flagging expired certifications for risk teams, launching RFPs for procurement and delivering relevant reports to CFOs - all through a modern, intuitive interface."

Traction

Omnea reports revenue grew fivefold over the last year, off an undisclosed base. New customers span North America and Europe, including Spotify, Albertsons, Wise, Adecco and MongoDB.

Investor view

Vinod Khosla noted that AI is changing how work gets done inside large enterprises, especially in dated functions like procurement. He said Omnea's approach automates sourcing, onboarding, performance tracking and risk-turning procurement from an administrative cost center into a growth driver.

Why this matters for finance, management, IT and development

• Finance: Cleaner vendor master data, better spend visibility and automated reporting can improve forecasting and reduce leakage from underused contracts.
• Management: A single intake with built-in governance speeds approvals while keeping policy intact, improving time-to-value for new vendors.
• IT: A unified layer reduces tooling sprawl and lowers integration overhead, while continuous data refresh supports stronger access and compliance controls.
• Developers: Clearer workflows and integrations mean fewer ad-hoc requests and less custom glue code to keep procurement data in sync.

Practical next steps

• Inventory current procurement tools and handoffs; identify duplicate steps and data silos.
• Define compliance triggers (e.g., certification expiry, data processing addenda) that should auto-alert risk and legal.
• Connect procurement with finance systems to align vendor data, spend categories and reporting.
• Standardize RFP workflows to reduce cycle times and improve scoring consistency.

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