Corma raises €3.5M to advance software license and access governance

Paris-based
Corma, a SaaS management solution that helps IT
teams better control software usage and sprawl, has raised €3.5 million in seed
funding. The round was led by XTX Ventures, with follow-on investments from
Tuesday Capital, Kima Ventures, 50 Partners, and Olympe Capital. It also
includes participation from business angels such as Thomas Wolf (co-founder of
Hugging Face), Jean-Louis Quéguiner (co-founder of Gladia), and Doreen Pernel
(CSO of Scaleway).

Internal
software stacks have grown more than tenfold, turning software into a drag on
productivity and financial performance. At the same time, tracking and
understanding software costs has become increasingly complex due to company
growth, evolving workforces, new subscriptions, and changing business models.
As the number of tools grows, many IT departments lack clear visibility into
how many applications are in use, how much is being spent, and whether those
tools are actually delivering value.

Founded
in 2023, Corma focuses on helping small and mid-size companies understand,
manage, and optimise their software spend. Developed in response to the rapid
expansion of software tools and rising AI-related complexity, the platform aims
to bring greater clarity and efficiency to software management while providing
a stronger foundation for productivity.

Its
specialised agents collect key information such as licence renewal terms,
authorised users, and usage metrics, giving organisations an accurate view of
their software landscape. This enables more informed investment decisions,
helping reduce overall spend by up to 20 per cent and saving hundreds of hours
on provisioning and access reviews.

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. At the same time, the risks of data
leaks and access abuse increase with the rise of Shadow AI and overall
permission sprawl,

says co-founder and CEO Héloïse Rozès.

The funding will be used primarily for product
development, AI buildout, and commercial expansion.