CDP Venture Capital leads the round for the Milan-based company behind Alo, an AI operating layer already deployed in finance, manufacturing, and pharma.
Alomana, a Milan-based AI startup building an operating layer for enterprise automation, has raised €4 million in a seed round led by CDP Venture Capital through its Corporate Partners I, ServiceTech fund. The round also includes Italia Venture II, Fondo Imprese Sud, Founders Factory, Kairos Ventures ESG One, Gresilent Holdings, Italian Angels for Growth (IAG), and Club degli Investitori.
The company’s product, Alo, is designed to run autonomous AI workflows across the enterprise stack , spanning data, documents, applications, and code. Rather than functioning as a copilot that responds to queries, Alo is built to execute.
The platform can perform advanced data analysis across large database tables, generate full-stack applications, build custom AI agents for specific teams, and automate mission-critical processes such as financial controls, risk and security flows, and operational tasks, all within a single orchestration layer.
The pitch is essentially one about complexity reduction. Enterprises attempting to adopt AI at scale typically spend months testing integrations, stitching together tools, and building prototypes that prove difficult to move into production. Alomana’s approach is to abstract that complexity away, allowing organisations to deploy personalised AI across their existing systems and deliver measurable output quickly.
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“Enterprises waste enormous energy on prototypes instead of outcomes. We abstract away the integration and customisation complexity. Companies can run personalised AI across their systems and deliver production-level value immediately. Alo is building a future where autonomous AI won’t be a tool that companies use. It will be something they run on,” said Giuseppe Ettorre, co-founder and CEO, Alomana
Alo has been deployed across finance, manufacturing, and pharmaceutical organisations over the past year, with the company claiming the platform translates AI adoption into tangible EBITDA gains. Alomana says it is trusted by more than 500 enterprise clients, though that figure is not independently audited.
The founding team brings experience from Bloomberg, the European Central Bank, BCG, and NASA. CEO Giuseppe Ettorre has previously worked in data and statistics roles at Bloomberg and the ECB, where he contributed to tools used by financial institutions and market operators globally.
CDP Venture Capital is Italy’s national innovation fund, backed by the state-owned Cassa Depositi e Prestiti, and is among the country’s most active institutional investors in early-stage technology companies. Alessandro Scortecci, director of direct investments at CDP, said the team’s ability to execute set Alomana apart.
“The team’s talent, ambition, and ability to execute are simply exceptional. Its technology is a perfect fit for the Service sector -our fund’s core focus – delivering real value in a fraction of the time compared to its competitors. Our verticalisation in the service industry and particular focus on financial services make us particularly pleased to support Alomana in the ongoing innovation and transformation of the financial service sector in Italy and Europe,” said Alessandro Scortecci, Director of Direct Investments, CDP Venture Capital
Alomana was founded in 2024 and is headquartered in Milan. The new capital will be used to expand Alo’s enterprise AI capabilities, strengthen its autonomy features, and support large-scale deployments outside Italy. PitchBook records total funding of approximately $4.38 million, consistent with this round being the company’s first institutional raise at this scale.
