Corma Raises €3.5M To Improve Software License And Access Management

The round was led by XTX Ventures, with follow-on investments from Tuesday Capital, Kima Ventures, 50 Partners, and Olympe Capital, and participation from angel investors including Thomas Wolf (Hugging Face), Jean-Louis Quéguiner (Gladia), and Doreen Pernel (Scaleway).

As software stacks have grown more than tenfold, managing usage and costs has become increasingly complex. Many IT departments now lack clear visibility into the number of applications in use, total spending, and whether these tools are delivering real value, creating challenges for productivity and financial performance.

Read Also - Helsinki’s Freepress Secures €1 Million To Expand AI-Powered News Platform

Founded in 2023, Corma helps small and mid-size companies manage and optimise software spend. Its platform collects license, user, and usage data, giving organisations clear visibility into their software landscape, enabling informed decisions, reducing costs by up to 20%, 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 to accelerate product development, expand AI capabilities, and support commercial growth.

About Corma

Corma is a license and access governance platform designed for modern IT teams. It centralizes applications, automates access reviews and provisioning, and provides clear visibility into software usage, helping organisations reduce costs, optimise software spend, and simplify identity and access management for greater efficiency and security.