Corma Raises EUR3.5M Seed for SaaS Procurement AI

Corma Tackles Enterprise SaaS Sprawl

Corma has raised EUR3.5 million in a seed round led by XTX Ventures to build AI-powered software procurement and license management tools. The company addresses a growing problem in enterprise IT: the uncontrolled proliferation of SaaS subscriptions and software licenses that drain budgets and create security risks.

The SaaS Procurement Problem

The average enterprise now uses over 300 SaaS applications, many of which overlap in functionality, go unused, or auto-renew without review. Corma's platform provides visibility into the entire software stack, identifies redundant or underutilized subscriptions, and automates the procurement and renewal process. The result is measurable cost savings and improved software governance without adding administrative burden to IT teams.

AI-Powered License Optimization

Corma's AI engine analyzes usage patterns across the software portfolio to recommend optimization actions: which licenses to downgrade, which subscriptions to consolidate, and which renewals to renegotiate. This data-driven approach to software procurement replaces the manual, spreadsheet-based processes that most organizations currently use to manage their SaaS spending. For enterprises spending millions annually on software, even small percentage savings translate to significant bottom-line impact.