NovelopA Helsinki-based inventor of Agent Sourcing, today, it has announced that it has closed € 1.2 million seed funds for the development of enterprise through Agent AI, which has turned-manual sourcing processes into real-time strategic skills.
The round was led by Failup Ventures, with the continued participation of the existing investor antler.
“Protecting these funds in today’s market environment strengthens our team, our technology and our long -term aspect,“Said Micco ValleyCEO of Novel. “This support allows us to be twice our innovation and to be laser-centric for our customers to create true valuesThe “
Founded by the Micco Valorinta, Nitin Nadgouda and Ilkka Uhmini in 2024, the novelov an inventive of the AI-powered collection that accelerates the sourcing processes when the cost of reduction and consent is accelerated. The agent’s agent AI platform has accused the strong organizational alignment and the stakeholder by-in providing highly suitable solutions to increase the source effect.
The AI-Native System supports the entire sourcing lifecycle-to capture the need and evaluate proposals from the production of RFPs, to facilitate discussion and manage the contract. All of this takes place in a single, monitoring workspace designed for the busyness of the stakeholders.
Oscar AndersThe general partner commented on Failup Ventures: “From our first conversation, we were fascinated by the sharp sight of the Novel and exceptional team. They are not just adding AI to existing workflows – they are rewriting the purchase from scratch. We are proud to support a company that combines deep customer’s focus with bold technical ambitionThe “
Instead of considering AI as an add-on, Novelop says they re-imagined the source from the ground with agent AI. Its intuitive workflows enhance human decision making, earning AI for the original insights and automatically automatically. With the chat-farthest interface, the novelp enables teams to carry out complex sourcing processes with comparative simplicity.
JuiceAntler’s partner, added: “The processes of the collection are multi-faceted, exhausting and painful in the end. The Ground-Up Agent method of the Novelop will be welcomed by the global procurement professionals. We worked with the team from Day Zero and were fascinated by their speed and high quality performanceThe “
Global Procurement Software Market is expected to exceed $ 10 billion in the coming years, Noveloff is in their position to capture an important part.
Its platform is reported to provide rapid source, expense saving, regulatory guarantee and better business results through enhanced solutions and stakeholders alignment.
With the new fund, the novel plans to accelerate the development of the product, to expand its engineering team and to scale its efforts to market.
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