"Omnea CEO Ben Freeman knows procurement, or the process of buying goods or services for businesses, is "very unsexy." At the same time, it's increasingly becoming top of mind for businesses and garnering the attention of investors, he said. That explains the recent growth of Omnea, which helps companies onboard and manage tools for employees, replacing what has been a manual process with AI."
""I often describe it kind of like the organizational plumbing of every business," Freeman said of the procurement process. "They all have it. And it's just how well you can do it." The company on Wednesday announced a $50 million Series B led by Insight Partners and Khosla Ventures, with participation from existing investors Accel, Point Nine, and First Round Capital."
Omnea builds AI tools for procurement that automate onboarding and management of software and suppliers, replacing manual processes. The platform enables conversational requests for new tools, tracks suppliers, routes approvals, flags issues for risk teams, delivers performance reports, and helps launch RFPs. Omnea raised $50 million in a Series B led by Insight Partners and Khosla Ventures, bringing total funding to $75 million. The three-year-old company hired its first 50 employees after interviewing roughly 10,000 candidates. Procurement urgency has risen as companies cut costs, manage vendor exposure amid tariffs, and oversee a proliferation of AI tools.
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