Nebuly raises $21 million to measure AI returns

AI analytics startup Nebuly  raised a $21 million Series A led by Planven, with participation from Exor Ventures, Tenacity Capital, TGVG Capital, Fastweb+Vodafone via Founders Factory, and returning investors and angels. CDP Venture Capital also supported the round through two funds.

Based in Turin and New York, Nebuly helps companies measure the business value of AI assistants used by employees and customers. Its platform analyzes tasks, time savings, costs, and customer interactions to identify where AI delivers value and where it falls short.

Customers include Oura, Iveco Group, Fastweb+Vodafone, CNH, and Zeiss. Nebuly connects to existing AI tools, including custom agents and assistants based on Claude, ChatGPT, and Microsoft Copilot, and can run on-premises or in a customer’s private cloud.

The funding will support product development and expansion of its sales and marketing teams across the US and Europe.

Founders Factory  is backed by Aviva, which invested in the venture studio in 2016 and extended its fintech partnership in September 2026.