Corma, a Paris-based SaaS management platform focused on helping IT teams control rapidly growing software portfolios, has raised €3.5 million in seed funding to accelerate product development, expand its AI capabilities, and scale its commercial operations. The Seed round was led by XTX Ventures with participation from Tuesday Capital, Kima Ventures, 50 Partners, and Olympe Capital.
The company aims to address the mounting complexity and cost burden of internal software stacks, which have expanded significantly in recent years. Industry research cited in the announcement shows that the average internal software stack increased from 8 applications in 2015 to 112 in 2023. This substantial growth has made it more difficult for companies to track spend, manage renewals, maintain accurate usage data, and mitigate risk — challenges further amplified by emerging AI tools and decentralized procurement practices.
Corma’s platform centralizes visibility into software usage, licensing terms, and access permissions by deploying specialized agents that collect real-time data. These capabilities help organizations evaluate which systems are in use, determine the value of their subscriptions, prevent unnecessary software spending, and automate access-related workflows. According to the company, customers can reduce total software spend by up to 20 percent while saving hundreds of operational hours.
Investors note that organizations are increasingly overwhelmed by unchecked software adoption, often resulting in higher costs but limited productivity gains. Corma’s product is positioned as a solution to these challenges by offering granular visibility for leadership, finance, and IT teams and supporting stronger governance across software and AI tool usage.
Corma reports a 4.8 out of 5 satisfaction rating on Gartner and says its user base includes Brevo, Owkin, Mobilexpense, Skello, Hack The Box, and Brut. The company was also named the youngest participant in this year’s Gartner Magic Quadrant for SaaS Management and was recognized for its rapid feature development.
Founded in 2023, Corma was built with an international scope and focuses primarily on serving small and mid-sized organizations navigating software sprawl and the complexities created by the rise of AI. The company says its platform enables teams to operate more efficiently, make informed investment decisions, and reduce exposure to access-related risks, such as data leakage and mismanaged permissions.
KEY QUOTES
“We see teams everywhere that are overwhelmed by the number of apps they need to manage every day. They lose money left and right, spend their day on operational tasks instead of strategic initiatives. At the same time, the risks of data leaks and access abuse increases every day with the rise of Shadow AI and the overall permission sprawl.”
Héloïse Rozès, Co-Founder And CEO, Corma
“Organizations are increasingly inundated with new software, resulting in unchecked SaaS adoption and spend, rather than the promised productivity and efficiency gains. Corma restores visibility and control to leadership and IT teams, providing the critical tools and insights growing companies need to thrive in the AI era.”
Ethan Imboden, Partner, Tuesday Capital
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