ONEiO, a Helsinki-based Software as a Service (SaaS) company offering cloud-native and automated integration services, has secured €7.2 million in seed funding. The financing round was led by Fairpoint Capital alongside participation from existing investors Inventure and Tesi.
The proceeds of this round will be used by the Finnish company to accelerate its rapid growth and market expansion in Central Europe and North America.
“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”, explained Juha Berghäll, CEO of ONEiO.
“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,” said Hadar Cars, Fairpoint Capital’s Investment Director.
First integration automation platform
ONEIO was founded by Juha Berghäll, Janne Kärkkäinen, Kai Virkki, and Olli Nuortila in 2011 in Helsinki, Finland. They built the world’s first Integration Automation Platform, a cloud-native software that utilises sophisticated automation, AI, and software to automate traditional integration development and management tasks to industrialise enterprise integrations.
Being a cloud-native integration service provider for IT and technology services, ONEiO drives the industrial revolution in the enterprise integration space by removing all traditional integration challenges by automating integration delivery and production and providing integrations as a cloud-based, enterprise-grade service with an affordable pay-per-use pricing model.
Its 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.
ONEIO has offices in Germany, the United Kingdom, and the United States. Its approach is to solve traditional integration delivery and production challenges with its vendor-neutral integration solution. This solution has seen rapidly growing demand among European and North American enterprises and IT Service Providers.
Disrupts enterprise integration space
ONEiO’s SaaS business model disrupts the enterprise integration space in the same way Amazon Web Services (AWS) disrupted the IT infrastructure business. Its innovative integration automation platform removes all traditional integration bottlenecks by automating integration delivery and production. Also, ONEiO provides access to the IT service provider network, including ready-made integrations with global and local IT service providers enabling easy and fast supplier and customer onboarding.
ONEiO’s keeps integrations up and running 24/7, and it is touted to be the only provider that can promise a 100% integration success guarantee. They are helping a growing number of customers across the world to solve their integration challenges in a more efficient and scalable way. Its clients include industry-leading service providers, including CGI, CDW, Bechtle, Cancom, Atos, TietoEvry, and enterprises such as Bayer, Volkswagen, and Schindler.