Company Overview
Snapshot
Founded in January 2025 by Michael Gabay, Elon Hait, Dor Israeli, and Jason Bursch, Velon operates with 11–50 employees. The company secured its Seed funding round in March 2025, with The Garage participating as a lead investor.
Business overview
Velon.ai provides AI-driven virtual employees designed to automate and enhance procurement operations for large enterprises. Its platform features specialized digital agents—Natalie, Bob, and Sophie—focused on category strategy, tactical purchasing, and supplier management, respectively. These AI agents integrate with existing ERP and source-to-pay systems to manage tasks such as supplier qualification, purchase orders, and contract negotiations. Leveraging advanced machine learning and natural language processing, Velon.ai aims to streamline procurement processes, reduce operational costs, and improve decision-making accuracy for businesses, offering scalable AI employee capacity.
Log in to access full profile ›Company Intelligence Q&A
- When was Velon founded and by whom?
- Velon was founded in January 2025 by Michael Gabay, Elon Hait, Dor Israeli, and Jason Bursch.
- What is Velon's primary focus?
- Velon focuses on providing AI-powered virtual employees to automate and enhance procurement operations within large enterprises.
- Which investors participated in Velon's Seed funding round?
- In March 2025, Velon secured Seed funding, with The Garage participating as a lead investor.
- What are the key functions of Velon's AI agents?
- Velon's AI agents, Natalie, Bob, and Sophie, specialize in category strategy and negotiation, tactical purchasing, and supplier management, respectively, integrating with existing enterprise systems.
- What technology does Velon leverage in its platform?
- Velon's platform leverages advanced machine learning and natural language processing to enable its AI agents to execute procurement tasks autonomously.