Cronwell provides an AI‑enabled sourcing platform that runs reverse auctions and automates purchase‑order creation to secure market‑price contracts for every component, from strategic to tail spend. The system ingests requisitions and bills of materials, syncs orders with any ERP, and offers real‑time delivery tracking and clear‑to‑build visibility, helping manufacturers cut costs, speed up sourcing cycles, and scale without adding headcount.
Funding
$120K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manufacturers often rely on manual negotiation and fragmented procurement processes, leading to higher component costs, delayed deliveries, and limited visibility into spend across strategic and tail items.
Solution
Cronwell offers an AI‑enabled sourcing platform that runs reverse auctions and automates purchase‑order creation to secure market‑price contracts for every part. The system ingests requisitions and bills of materials, synchronizes purchase orders with existing ERP systems, and provides live tracking from award to delivery. By delivering contract pricing on each PO and a clear‑to‑build view, the platform helps manufacturers reduce costs, accelerate sourcing cycles, and scale operations without adding headcount.
Target Audience
Primary customers are procurement and supply‑chain teams at mid‑size to large manufacturers seeking to optimize sourcing, reduce spend, and improve order visibility.
Features
- AI‑driven reverse auction engine covering both strategic and tail spend categories
- End‑to‑end PO automation with contract pricing applied automatically to each order
- Real‑time delivery tracking and “clear‑to‑build” status visibility
- Seamless integration that reads requisitions/BOMs and syncs purchase orders with any ERP, with custom extensions built in days
- Market‑price benchmarking to ensure purchases are made at prevailing rates
- Dashboard reporting on cost savings, auction performance, and spend analytics