New Investment: Corma, SaaS Management Platform Helping Organizations Gain Control Over SaaS Usage and Enhance IT Governance

Corma revolutionizes how companies interact with software by automating access management for software and providing deep usage analytics to users and providers. Their product’s user-centric design and data moat strategy represent the willingness of the Corma team to increase employees' online well-being in the workplace. The platform furnishes a centralized perspective of all SaaS applications in operation, encompassing shadow IT, and offers tools for effectively managing, monitoring, and optimizing SaaS usage. With Corma, companies get the most out of their software stack.

IT and Operations managers face two main challenges. Firstly, accurately mapping software applications used for reporting, security, finance, communication, and decision-making is crucial. The current manual and declarative approach is incomplete, fails to reflect actual user behavior, and consumes valuable time. Secondly, creating a secure and efficient process for on/offboarding users on applications while capturing frontline user needs is essential. The current semi-automated method hampers process-making. Consider this example: a rapidly growing tech company consisting of 300 individuals, ensuring that 99% of applications are covered (including shadow IT). They estimate that 80% of operational costs can be optimized by utilizing metrics to facilitate renegotiation, sending email reminders for renewals, implementing IAM, and providing employees with a centralized Saas catalog view for streamlined access requests. This is precisely one of the challenges that Corma aims to tackle with its innovative solution.

Corma offers competitive advantages through its comprehensive SaaS discovery and monitoring capabilities. It automatically identifies all SaaS applications within an organization, including shadow IT. With centralized access management and governance, Corma streamlines access requests, on/offboarding workflows, and ensures least privilege enforcement. Its self-service app store provides a user-friendly experience while maintaining control over accesses. Leveraging real-time data and advanced analytics, Corma optimizes SaaS spending. Additionally, it seamlessly integrates with existing IT management tools and third-party applications, enabling a unified view of the IT landscape.

The startup is led by a diverse founder team, each with a solid background in various fields. Héloise Rozès, the CEO, is a biomedical engineer from Imperial College London with a knack for programming. She has founded societies, led international debates, and keeps strong connections with academia and entrepreneurs. Samuel Bismut, the CPTO, is an engineer specializing in biomedical engineering, finishing his degree at Cambridge University. He found his passion for product and tech during his time as a product owner in a digital consulting company. He is dedicated to Corma’s product and tech stack to bring the startup to new heights. Nikolai Fomm, the COO, has a solid foundation in business with a proven track record in driving organizations from zero to 100. Next to his business studies, he brings invaluable business experience to the team, for example, as one of the first employees of the SaaS adoption company Userlane. The three founders met during a master's program at HEC Paris and Ecole Polytechnique and have been inseparable since. Together, they form a powerhouse, driving the startup towards success.