Companies are drowning in too many apps and wasting money on tools they never use. Corma has just stepped in with a smart solution to solve this messy problem.
The Paris based startup raised €3.5 million to help businesses take back control of their software and cut unnecessary costs.
Big Names Backing the New Tech
This fresh round of seed funding shows that investors believe in Corma’s vision. XTX Ventures led the investment round with strong support from other big players.
Existing backers like Tuesday Capital and Kima Ventures also joined in again. They were accompanied by 50 Partners and Olympe Capital.
It is not just firms putting their money down. Several famous tech leaders joined as angel investors.
- Thomas Wolf: Co-founder of Hugging Face.
- Jean-Louis Quéguiner: Co-founder of Gladia.
- Doreen Pernel: Chief Strategy Officer at Scaleway.
This mix of financial backing and industry expertise gives Corma a huge advantage. They now have the cash and the advice needed to scale up fast.
Corma seed funding announcement software license governance technology concept
Why Companies Are Losing Money on Software
The way companies buy and use software has changed drastically in recent years. Internal software stacks have grown more than ten times in size.
This growth creates a massive headache for IT departments. It is now incredibly hard to track who is using what tool and how much it costs.
Many businesses have no clear idea how many applications they actually own.
This lack of visibility leads to “SaaS sprawl.” This is when apps pile up without anyone noticing. It hurts productivity and drains the company bank account.
The rise of AI has made this even harder. Employees often sign up for new AI tools without asking IT first.
“We see teams everywhere that are overwhelmed by the number of apps they need to manage every day. They lose money left and right and spend their day on operational tasks instead of strategic initiatives.”
— Héloïse Rozès, Co-founder and CEO of Corma
How Corma Automates Boring IT Tasks
Corma solves these problems by acting like a smart assistant for IT teams. The platform integrates directly with the company’s existing systems.
It connects with Human Resources systems and finance tools to get a full picture of software usage.
Here is how the platform helps companies save money and time:
- Tracks Licenses: It spots unused licenses so companies can cancel them.
- Automates Onboarding: It gives new employees the right access instantly.
- Secures Data: It detects “Shadow AI” and unauthorized apps to prevent data leaks.
This approach delivers real results for their clients.
Corma claims it can help organizations reduce their overall software spending by up to 20 percent.
It also saves IT teams hundreds of hours they usually waste on manual checks and spreadsheets.
What Comes Next for the Team
The startup plans to use this new capital to move fast. Their main goal is to make their product even better.
A large chunk of the €3.5 million will go towards building out their AI capabilities.
They want to make their software governance even smarter. This means better detection of risks and more automation for daily tasks.
They also plan to expand their commercial reach. The team wants to bring this solution to more small and mid-size companies across Europe and beyond.
Héloïse Rozès and her team founded Corma in 2023. In a short time, they have proven that software management is a critical need for modern business.
With this funding, they are ready to help more companies stop wasting money and start working efficiently.
