Nvelop is an AI-driven company that specializes in automated IT sourcing. It was founded in 2024 and is headquartered in Helsinki, Finland. The company focuses on developing AI-native SaaS platforms that streamline end-to-end sourcing processes, such as solution exploration, requirements gathering, RFP generation, proposal evaluation, and contracting. Nvelop has raised a significant amount of funding, amounting to €1.2 million in a recent seed round. The company was founded by Mikko Valorinta, Nithin Nadagouda, and Ilkka Uuhiniemi.
| Attribute | Information |
|---|---|
| Founding Date | 2024 |
| Headquarters | Helsinki, Finland |
| Founders | Mikko Valorinta, Nithin Nadagouda, Ilkka Uuhiniemi |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Failup Ventures, Antler |
| Industry | IT and Software – Procurement Technology |
| Number of Employees | Not publicly disclosed |
Nvelop was founded in 2024 in Helsinki, Finland, by Mikko Valorinta, Nithin Nadagouda, and Ilkka Uuhiniemi. The company was established with a vision to disrupt the traditional procurement processes through innovative AI technologies. Initially, the founders focused on understanding the pain points in procurement, which led them to create an AI-native SaaS platform that supports better alignment and efficiency in sourcing processes. The startup quickly garnered attention for its potential to transform how businesses approach procurement by automating and optimizing comprehensive sourcing strategies, from exploration to contract management.
Nvelop operates at the intersection of AI and procurement, providing platforms that streamline the typically cumbersome and manual processes associated with sourcing. The company's business model revolves around its SaaS (Software as a Service) offerings, which are designed to:
Currently, Nvelop is advancing its mission to revolutionize enterprise procurement with AI technologies. The company's platform enables clients to conduct sourcing more strategically by providing real-time analytics and recommendations that consider both cost efficiency and organizational needs. Nvelop is setting itself apart by focusing on:
Nvelop is a burgeoning name in the AI-driven procurement industry, capitalizing on innovative technologies to transform traditional sourcing methods. Its strategic focus on leveraging AI to streamline and optimize procurement processes positions it well for future growth. With recent funding secured, Nvelop is poised to expand its capabilities and reinforce its market position, potentially setting new standards in the enterprise procurement sector by making sourcing processes not only more efficient but strategically advantageous as well.