Full-Time
Confirmed live in the last 24 hours
AI-driven procurement automation platform
Mid, Senior
London, UK
Employees are required to work in-person at the office on Tuesdays, Wednesdays, and Thursdays.
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Omnea provides an AI-driven platform that enhances the procurement process for businesses. Its main feature, the Intelligent AI Intake system, allows users to submit requests easily, similar to having a conversation, which helps eliminate confusion and ensures clarity in submissions. The platform automates various tasks such as vendor setup and purchase order creation, making the procurement process faster and more efficient. Additionally, Omnea includes tools for contract management, risk detection, and supplier information collection through a vendor portal, all powered by AI for better data analysis. Unlike many competitors, Omnea focuses on centralizing and automating critical procurement functions, which helps businesses reduce manual tasks, gain better visibility into spending and risks, and make informed decisions. The goal of Omnea is to transform procurement teams into strategic partners within organizations, enhancing efficiency and controlling costs.
Company Size
51-200
Company Stage
Series A
Total Funding
$19.5M
Headquarters
London, United Kingdom
Founded
2021
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Flexible Work Hours
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.”
Omnea manages and automates a company’s full supplier lifecycle across both spend and 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.
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.
Omnea secures £15.3 million Series A investment led by Accel.