Nebuly, which raised 18.95 million euros, expands enterprise AI performance measurement

Enterprise AI performance analytics startup Nebuly has raised €18.95 million ($21 million) in a Series A round led by Planven, with participation from Exor Ventures, Tenacity Capital and TGV. The Turin- and New York-based company will use the proceeds to expand sales operations in the US and Europe and to further develop its analytics platform. Nebuly's software links the activity of corporate AI agents to real business outcomes, such as time saved by employee tools and revenue impact from customer-service agents, while letting clients inspect the assumptions behind those calculations. The raise signals continued investor appetite for tooling that helps enterprises justify AI spending as deployments scale. What to watch next is how quickly Nebuly converts the new capital into US and European enterprise customers and whether its outcome-measurement approach becomes a standard layer for AI ROI reporting.