The platform currently serves major clients including AlphaSights, McAfee, Onfido, and TeamViewer across Europe, North America, and the Asia-Pacific region.

Recently, Omnea raised $20 million in Series A funding, which will be used to enhance its technology platform and expand its workforce.

The company plans to triple its workforce by the end of 2025 and open new offices in the United States to support its growth.

The platform features innovative tools such as a chatbot that simplifies product inquiries and automates data entry, enhancing the overall procurement experience.

Founded in 2022 by Ben Freeman and Ben Allen, Omnea is an AI-powered procurement orchestration and supplier risk management platform designed to simplify the complex procurement process.

Omnea addresses common challenges businesses face in managing suppliers and procurement strategies by automating the entire supplier lifecycle.

Its platform routes requests to the appropriate teams and incorporates user feedback, providing a tailored experience for each stakeholder.

Omnea will introduce advanced third-party risk management features to continually assess supplier risk throughout their lifecycle.

Investors, including Accel, First Round Capital, and Point Nine, see potential in Omnea to redefine the procurement software market.

Omnea has experienced remarkable growth, with its revenue increasing eightfold over the past year, reflecting strong market demand for its services.

CEO Ben Freeman emphasizes the importance of improving procurement management to eliminate inefficiencies and enhance supplier control.

Freeman also highlighted the challenges buyers face when involving procurement late in negotiations, which often leads to poor outcomes.