Paris-based SaaS firm Corma, which develops a platform that automates software license management and user access governance for IT teams, has raised €3.5 million in a seed funding round led by XTX Ventures.
- Founded in 2023 by Héloïse Rozès, Nikolai Fomm, and Samuel Bismut, Corma develops a platform for software license and access governance. The platform helps IT teams manage their internal software stacks by providing visibility into application usage, automating user access provisioning, and enforcing access compliance.
- Using AI-powered agents, Corma collects data on licenses, users, and application activity, enabling automated onboarding and offboarding, self-service access requests, and regular access audits.
- The solution integrates with identity providers such as Google Workspace and Microsoft Entra ID, allowing organizations to reduce software spend, streamline operations, and enhance security across their IT environment.
Details of the deal
- The €3.5 million seed round for Corma was led by XTX Ventures, with follow-on investments from Tuesday Capital, Kima Ventures, 50 Partners, Olympe Capital, and angel investors including Thomas Wolf, Jean-Louis Quéguiner, and Doreen Pernel.
- Corma plans to use the €3.5 million in fresh funding to accelerate its growth and strengthen its platform. The investment will primarily go toward enhancing product development, including building out advanced AI capabilities to better manage software licenses and access.
- Additionally, the company will invest in commercial expansion to reach more small and mid-sized businesses, helping IT teams streamline software management, reduce costs, and improve overall efficiency.
