Helsinki-based cloud-native integration service provider for IT and technology services ONEiO has raised 7.2 million euros in a new funding round led by Fairpoint Capital and joined by previous investors Inventure and Tesi. The startup’s platform enables corporate organizations to enhance and manage their service processes and applications end-to-end. The company will use the capital to expand in Central Europe and North America while fueling its growth.
ONEiO, a Software as a Service company offering cloud-native and automated integration services, has raised 7.2M€ in new funding. The seed round was led by Fairpoint Capital and joined by previous investors Inventure and Tesi. The new funding will be used to accelerate ONEiO’s rapid growth and market expansion in Central Europe and North America.
ONEiO’s cloud-based integration platform offers both internal and external IT and technology service providers an easy way to collaborate between customers, vendors, suppliers, and subcontractors. With more external services offered than ever and a plethora of enterprise platforms used, companies and external service providers struggle to find efficient ways to collaborate and integrate their processes seamlessly.
“Integrating external service providers into ERP processes enabling full transparency and control into the supply chain is nothing new. It’s something that hasn’t been a reality in IT services due to missing standards and much more complex use cases, and lack of resources.
This leads to a situation where companies put a lot of effort into manual work, updating and moving requests, copying information and data between different internal and external teams and applications, resulting in bad employee experience, customer satisfaction, and inefficient operations. At the end of the day, all parties lose time and money. That’s where we come in. ONEiO’s enterprise-grade integration solution designed for IT service management and delivery is vital for modern business-driven IT services providing all the benefits of the cloud,” explains Juha Berghäll, CEO of ONEiO.
ONEiO’s Software as a Service business model is disrupting enterprise integration space the same way Amazon Web Services (AWS) disrupted IT infrastructure business back in the day. Its innovative integration automation platform removes all traditional integration bottlenecks by automating integration delivery and production. In addition, ONEiO provides access to IT service provider network including ready-made integrations with global and local IT service providers enabling easy and fast supplier and customer onboarding.
“Instead of trying to build and maintain IT process and data integrations on an integration platform (iPaaS), enterprise IT and service providers are choosing our solution where they can just subscribe to the integrations they need”, says Berghäll. “We are providing them with all missing bits and pieces and domain expertise as a service from the cloud. Customers can get even the most complex multi-point process integrations set up in days instead of weeks or months. We are not just another integration platform provider, but a cloud-native service provider that knows what it takes to manage and deliver IT services. We have been there.”
ONEiO’s keeps integrations up and running 24/7, and is the only provider that can promise a 100% integration success guarantee.
ONEiO’s clients include industry-leading Service Providers such as CGI, CDW, Bechtle, Cancom, Atos, TietoEvry, and enterprises such as Bayer, Volkswagen, and Schindler.
“We’re excited to support the team in turning their vision of a revolution of enterprise integrations into a reality. The ONEiO team has a successful track record in the integration space, and their experience shines through as they clearly understand customers’ needs. As the company now starts to see strong growth in the DACH and US markets, we are happy to help them scale the operations to become an international leader in their industry,” says Hadar Cars, Fairpoint Capital’s Investment Director.