Nebuly Raises $21M Series A to Measure Enterprise AI ROI

Turin-based Nebuly closed a $21 million Series A led by Planven, pitched squarely at CFOs and boards that want AI agent deployments priced in revenue and hours saved rather than prompt volumes. Named customers include Oura, Iveco Group and Zeiss.

Co-investors are Exor Ventures, Tenacity Capital, TGVG Capital, Fastweb+Vodafone and CDP Venture Capital's Digital Transition Fund. Founded in 2022 by CEO Francesco Signorato with Julien Roux and Diego Fiori, the platform analyses AI agent activity across Claude, ChatGPT and Microsoft Copilot and runs on-prem or in private cloud for customers with data-residency constraints.

Signorato's framing is blunt. "Every enterprise is about to face the same question from its board, if it hasn't already: What is AI actually worth to us? Nebuly exists to answer that question," he told SiliconANGLE. He calls the prevailing practice of counting users, prompts and responses "tokenmaxxing, where usage itself becomes the goal," and argues it "doesn't tell you whether an employee got back an hour of work or if a customer got the answer they needed."

The backdrop is overrun budgets. SiliconANGLE reports that Uber consumed its entire 2026 AI budget in four months, and cites a Gartner survey finding 85% of enterprises plan to increase AI spending while only 22% have scaled deployments across business units. Most of Nebuly's customers post annual revenue above $100 million, with roughly half exceeding $1 billion.

The raise sits inside a steady run of enterprise-AI and agent-ops funding we have tracked this quarter. Proceeds go to marketing expansion across the US and Europe plus platform development.