Crown provides an AI‑driven eAuction platform that automates the full procurement negotiation workflow.
Funding
$2.1M 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.
9OFounders
Product
Problem
Procurement teams often rely on manual spreadsheets, email chains, and lengthy meetings to design and run eAuctions, leading to low supplier participation, biased processes, and difficulty incorporating non‑price criteria such as ESG, quality, and risk.
Solution
Crown offers an AI‑driven eAuction platform that automates the end‑to‑end workflow of procurement negotiations. The system analyzes the negotiation context to recommend the most suitable auction format from a library of 10+ scenarios, then instantly converts RFQs into fully configured eAuctions with rule‑setting, awarding logic, and supplier onboarding handled by an intelligent assistant. Real‑time tracking and multi‑lot capabilities enable execution across commodities, CAPEX, and indirect spend, while weighted decision logic embeds ESG, quality, and risk scores into the bidding process. Supplier pre‑bidding requirements secure early commitment and establish a competitive baseline before the live event. The platform also provides KPI dashboards and activity logs for comprehensive spend analysis and continuous improvement.
Target Audience
Primary customers are corporate procurement teams and sourcing professionals managing multi‑category spend, including commodities, CAPEX, and indirect procurement, who need a scalable, data‑driven auction solution.
Features
- AI engine that selects optimal eAuction format based on strategic objectives and spend category
- Automated conversion of RFQs into eAuctions with built‑in rule configuration and awarding logic
- Intelligent supplier onboarding assistant that guides technical setup and training, reducing manual effort
- Pre‑bidding qualification phase to ensure high supplier participation and baseline pricing
- Weighted decision logic that incorporates ESG, quality, and risk metrics alongside price
- Support for multi‑lot auctions and real‑time tracking across the entire procurement portfolio
- KPI reporting, activity logs, and PDF extraction for post‑event analysis and auditability