Purchaser is an AI‑driven RFQ intelligence platform that automatically extracts, normalizes, and structures vendor quotes from PDFs, spreadsheets, emails and other unstructured formats into a unified schema. The system provides a single intake portal with versioning and audit trails, and delivers side‑by‑side comparison dashboards that flag pricing, unit and scope deviations, allowing procurement teams to focus on analysis and decision‑making rather than manual data entry.
Funding
$4M 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
Procurement teams handling capital‑intensive projects receive vendor quotes in a variety of unstructured formats—PDFs, Excel files, email threads, and portal exports—each with its own line‑item structure, units, and scope interpretations. Aligning these disparate submissions into a comparable dataset requires extensive manual reformatting, introduces transcription errors, and obscures critical pricing or scope deviations.
Solution
Purchaser is an RFQ intelligence platform that automatically extracts, normalizes, and structures vendor submissions into a unified schema. By parsing PDFs, spreadsheets, and email content, the system aligns line items, quantities, pricing, and qualifications across all vendors without manual rework. The platform then maps each response to the original RFQ requirements, surfacing gaps, additions, and scope deviations for review. Structured comparison views flag deviations and assumptions, enabling evaluators to focus on decision‑making rather than data entry. All submissions flow through a single intake channel with versioning, acknowledgment tracking, and an audit‑ready record that supports downstream ERP or sourcing system integration.
Target Audience
Primary users are procurement teams in capital‑intensive industries such as EPC, LNG, manufacturing, and transmission & distribution, as well as the engineering and finance stakeholders who evaluate complex vendor bids.
Features
- AI‑driven extraction of line items, quantities, pricing, and qualifications from PDFs, Excel, Word, and email formats
- Automatic normalization of units, taxonomies, and scope definitions into a common comparison schema
- Real‑time mapping of vendor responses to RFQ requirements with flagged scope gaps, additions, and assumption deviations
- Unified, version‑controlled intake portal providing audit trails, acknowledgment tracking, and single source of truth for all submissions
- Structured side‑by‑side comparison dashboard that highlights deviations and supports manual evaluation workflows
- REST API, webhooks, and enterprise connectors for seamless integration with SAP, Oracle, Microsoft Dynamics, Ariba, Coupa, and other ERP/procurement systems