Omnea

Omnea

AI-driven procurement automation platform

About Omnea

Simplify's Rating
Why Omnea is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series A

Total Funding

$20M

Headquarters

London, United Kingdom

Founded

2021

Overview

Omnea offers an AI-driven platform that streamlines the procurement process for businesses. Its Intelligent AI Intake system simplifies request submissions, while the platform automates vendor setup and purchase order creation, speeding up procurement tasks. Additionally, Omnea includes features for contract management and risk detection, enhancing data analysis and decision-making. The goal is to transform procurement teams into strategic partners, improving efficiency and cost control.

Simplify Jobs

Simplify's Take

What believers are saying

  • Omnea's partnership with Thought Machine enhances procurement governance and risk management.
  • The $20M Series A funding boosts Omnea's expansion and technological advancements.
  • Omnea's AI capabilities improve procurement data analysis, aiding informed decision-making.

What critics are saying

  • Emerging AI-driven platforms may challenge Omnea's market position with competitive features.
  • Rapid AI advancements could render Omnea's features obsolete without continuous updates.
  • Data privacy concerns and regulatory changes may increase compliance costs for Omnea.

What makes Omnea unique

  • Omnea's AI-driven platform automates the entire procurement lifecycle, enhancing efficiency.
  • The Intelligent AI Intake system simplifies submission processes, reducing guesswork for users.
  • Omnea's platform includes contract management and automated risk detection, offering comprehensive solutions.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$20M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$20M
Omnea
$30M
Kalshi

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↓ -3%

2 year growth

↓ -3%
ABL
Apr 28th, 2025
Omnea Named "Best Overall eProcurement Software" in 2025

Omnea named "best Overall eProcurement Software" in 2025.

FF News
Jan 21st, 2025
Omnea Partners With Thought Machine To Transform Procurement Governance

Omnea, the procurement orchestration platform, today announces a new partnership with Thought Machine, the cloud-native banking technology company. This collaboration equips Thought Machine to seamlessly embed third-party risk and financial governance within its procurement processes, delivering best-in-class user experience to requesters, reviewers, and suppliers.Partnering with Omnea allows Thought Machine to consolidate legacy vendors and unify its third-party risk management processes, procurement intake and approvals, and supplier management processes within a single platform. Omnea makes it simple for employees to make requests and intelligently routes them to the proper security and finance reviewers. Additionally, it automatically sends security questionnaires to suppliers, enabling Thought Machine to maintain the highest level of risk management and compliance with operational resilience-focused regulation.Nitesh Palana, Director of Risk and Compliance and Head of Government Affairs at Thought Machine, commented: “Omnea’s platform enables us to embed consistent security and compliance frameworks throughout our procurement processes to meet stringent regulatory standards such as DORA. After thoroughly reviewing the market, Omnea’s deep focus on risk management made them the clear choice to partner with to transform our procurement processes.”‍Abhirukt Sapru, CCO at Omnea, commented: “Thought Machine is bringing banking infrastructure and payments into the modern age. We’re thrilled to partner in strengthening their third-party risk management posture, while delivering exceptional experiences throughout their end-to-end procurement processes.”

Tech.eu
Oct 15th, 2024
Omnea raises $20M for AI-powered procurement and supplier risk management

Omnea manages and automates a company’s full supplier lifecycle across both spend and risk management.

Tech.eu
Oct 15th, 2024
Omnea raises $20M for AI-powered procurement and supplier risk management

Omnea, an AI-powered procurement orchestration and supplier risk management platform, has raised $20 million in Series A funding to make procurement painless and give companies greater control over their spend.

Solondais
Oct 15th, 2024
Omnea raises $25 million to tackle the painfully boring shopping market

A London startup called Omnea has built a platform to reduce this pain and today announces that it has raised $25 million in funding to expand - specifically a $20 million Series A and seed round of 5 million dollars that it announced for the first time.

Recently Posted Jobs

Sign up to get curated job recommendations

Omnea is Hiring for 39 Jobs on Simplify!

Find jobs on Simplify and start your career today

đź’ˇ
We update Omnea's jobs every few hours, so check again soon! Browse all jobs →