Nebuly raises $21m to measure what enterprise AI agents return

Nebuly raises $21m to measure what enterprise AI agents return

12 November 2026: Nebuly, which sells large companies a way to measure what their AI agents are worth to the business, says it has raised a $21 million Series A led by Planven. The company, based in Turin and New York, will spend it on sales teams in the US and Europe and on its platform.

Not yet independently verified. The amount and the customer list rest on Nebuly's own release; tech.eu reported the same figure the same day. The release does not give a founding year or previous rounds. We will update this when it can be confirmed, and remove this note.

Who backed the round

Exor Ventures, Tenacity Capital, TGVG Capital and Fastweb+Vodafone, through Founders Factory, joined Planven, alongside returning investors and angels. CDP Venture Capital SGR also supported the round through its Artificial Intelligence Fund and its Digital Transition Fund, which is financed by the EU's NextGenerationEU programme.

Nebuly says the round follows "multiple six-figure contracts" with large enterprises in telecommunications, automotive, industrial manufacturing, luxury, healthcare and technology. Customers it names are Oura, Iveco Group, Fastweb+Vodafone, CNH and Zeiss.

Counting hours, not prompts

The pitch is aimed at a board question rather than an engineering one. Co-founder and chief executive Francesco Signorato said: "Every enterprise is about to face the same question from its board: what is AI actually worth to us? Nebuly exists to answer it." He argues that counting users, prompts and responses rewards usage for its own sake, and says companies are making hiring decisions "based on assumptions about AI productivity, not evidence".

The platform reads what AI agents actually do inside an organisation, both employee tools and customer-facing assistants, and puts the results in one view. For internal tools it estimates hours saved and capacity freed, and new tasks teams could not take on before; it also shows which teams get most from AI and where training would raise the return. For customer assistants it tracks the revenue the AI influences and flags signals such as churn risk and upsell openings. Nebuly says every assumption behind a figure stays visible and adjustable for finance teams.

It connects to agents a company already runs, including custom-built ones and assistants built on Claude, ChatGPT and Microsoft Copilot. Its own models can run on premises or in a customer's private cloud, so the company's data does not have to go to an outside model API.

A customer on the record

Fabio Ricciato, head of digital, data, AI and architectures at Iveco Group, said understanding the value AI creates "is becoming just as important as deploying the technology itself", and that Iveco had worked with Nebuly "since its early days".

Measurement is a crowded idea but a thin category so far: most observability tools count tokens, latency and cost per call, which is the usage Nebuly says it wants to move past. Our catalogue lists 1,112 artificial intelligence companies; Nebuly is added to it with this round.

Company profile on TrustList: Nebuly

Sources

• Nebuly: Nebuly raises $21 million Series A to help enterprises measure the ROI of their AI initiatives, 12 November 2026
• Tech.eu: Nebuly raises $21M Series A to turn AI investments into measurable results, 12 November 2026