Velon

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 from The Garage.

Business overview

Velon.ai develops AI-driven virtual employees designed to automate and enhance procurement operations for large enterprises. Its platform features digital agents like Natalie, Bob, and Sophie, each specializing in distinct procurement functions such as category strategy, tactical purchasing, and supplier management. These AI agents integrate with existing ERP and source-to-pay systems to execute tasks including supplier qualification, purchase order management, and contract negotiations. By leveraging advanced machine learning and natural language processing, Velon.ai aims to streamline procurement processes, reduce operational costs, and improve decision-making accuracy within the Business Software sector, specifically targeting enterprises with its Generative AI technology.

Company Intelligence Q&A

When was Velon founded?

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 for large enterprises, utilizing advanced machine learning and natural language processing.

What specific functions do Velon's AI agents perform?

Velon's AI agents, such as Natalie, Bob, and Sophie, specialize in category strategy and negotiation, tactical purchasing, and supplier management, respectively, integrating with existing ERP and source-to-pay systems.

What problem does Velon aim to solve for businesses?

Velon aims to help organizations streamline procurement processes, reduce operational costs, and improve decision-making accuracy by providing scalable AI employee capacity that adjusts to fluctuating procurement needs without increasing headcount.