Nebuly Raises €18.95Mn Series A to Help Enterprises Measure AI Agent ROI
Nov 12, 2026 | By Oliver Bennett

Turin- and New York-based startup Nebuly has raised €18.95 million ($21 million) in a Series A funding round. The company helps businesses measure the return on investment (ROI) of their AI agents and understand the value they bring to their operations.
SUMMARY
- Nebuly raised €18.95 million ($21 million) in a Series A funding round.
- The round was led by Planven, with participation from Exor Ventures, Tenacity Capital, TGVG Capital and others.
- Founded in 2022, Nebuly helps businesses measure the ROI of their AI agents.
The funding round was led by Planven, with participation from Exor Ventures, Tenacity Capital, TGVG Capital and Fastweb+Vodafone through Founders Factory. Other existing investors and angel investors also joined the round.
CDP Venture Capital SGR also invested in the round through its Artificial Intelligence Fund and Digital Transition Fund. Both funds are backed by the European Union's NextGenerationEU programme.
“Every enterprise is about to face the same question from its board: what is AI actually worth to us? Nebuly exists to answer it. Until now, companies have measured AI by counting users, prompts and responses, which has fueled the recent rise of ‘tokenmaxxing’, where usage itself becomes the goal,” said Signorato, co-founder and CEO of Nebuly.
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“Measuring AI’s return will become a standard part of running any large organisation, and Nebuly is building the way to do it. The team turns what AI agents actually do into evidence of business value, across the tools employees and customers use every day. That capability, and the traction Nebuly has built among major enterprises, made this a compelling investment for us,” said Giovanni Canetta Roeder, Managing Partner at Planven.
Founded in 2022 by Francesco Signorato, Julien Roux and Diego Fiori, Nebuly helps companies understand how their AI agents are being used across the organisation. Its platform tracks AI tools used by employees as well as AI assistants that interact with customers.

The platform brings all this information together in one place. It shows how much time AI agents save, how much work they help teams handle and how they improve efficiency. It also helps businesses identify new tasks that employees can take on with the extra time and capacity.








