Top 50 Procurement Automation - Series B

Omnea is an AI-powered procurement and supplier management platform that automates vendor onboarding, purchase order creation, and risk management, centralizing supplier data for enhanced visibility. By streamlining these processes, Omnea reduces manual effort, accelerates approvals, and improves cost control, resulting in significant time savings and increased operational efficiency.

Coverbase provides an AI‑driven procurement orchestration platform that automates supplier intake, risk assessment, and contract compliance. Autonomous agents extract documents, validate security and regulatory controls, and continuously monitor vendor health while routing approvals through adaptive workflows. The solution integrates bi‑directionally with sourcing, ERP, CLM, ITSM and other enterprise systems via open APIs.

Tacto provides a digital procurement platform that automates supplier management and compliance processes for mid-sized industrial firms, reducing manual tasks and enhancing operational efficiency. By leveraging data analytics and AI, Tacto enables companies to identify cost-saving opportunities and ensure sustainable sourcing practices across their supply chains.

ORO is a GenAI procurement orchestration platform that automates intake management, supplier onboarding, and compliance checks, providing real-time visibility into supplier risk and spending. The platform enhances user satisfaction by streamlining procurement processes, reducing onboarding time, and ensuring 100% compliance with procurement policies.

Yaydoo is a cloud-based procurement platform that automates business purchasing and financial processes through AI-driven tools for payment collection, reconciliation, and budget management. The platform centralizes operations, reducing manual tasks by up to 70% and ensuring 100% liquidity recovery for over 1,200 companies.

Order.co is a B2B marketplace that automates the procurement process by consolidating purchasing, payment, and vendor management into a single platform. This solution enhances spend visibility and control, reduces unapproved expenditures, and streamlines invoice management, ultimately saving businesses time and money.

Tacto offers an AI‑driven procurement intelligence platform that consolidates supplier data and automates sourcing tasks such as should‑cost calculations, RFQ generation, and negotiation support. The system provides real‑time spend benchmarking, compliance monitoring, and integrates with existing ERP or spend‑management tools, enabling procurement teams to identify savings and reduce manual effort.

Provides a unified Source-to-Pay platform that integrates procurement, vendor management, contract tracking, and accounts payable automation into a single tool. It streamlines processes by enabling real-time budget tracking, AI-powered analytics, and seamless ERP integrations, reducing manual tasks and improving financial visibility for procurement, finance, and legal teams.

BRM is an AI-powered vendor management and procurement platform that automates contract analysis, compliance tasks, and vendor negotiations, enabling companies to optimize their spending and streamline operations. By providing insights into contract utilization and renewal timelines, BRM helps organizations regain control over their vendor relationships and reduce costs without the need for extensive procurement teams.

Tropic provides an Intelligent Spend Management platform that integrates real-time AI insights with supplier intelligence to automate procurement processes and enhance visibility over spending. By managing $10 billion in spend, Tropic enables businesses to reduce procurement inefficiencies and achieve an average savings of 20% on software expenditures.

Arkestro provides predictive procurement orchestration software that utilizes machine learning and behavioral science to optimize procurement cycles and automate decision-making. This technology enables businesses to achieve an average savings of 16% within the first 60 days while increasing the efficiency of their supply chain operations without the need for additional resources.

Provides an AI-powered procurement platform that centralizes contract management, supplier data, sourcing, and project tracking into a unified system. It streamlines onboarding, enhances collaboration across stakeholders, and accelerates cost savings by enabling faster decision-making and improved data accessibility.

Cosuno provides an AI‑driven tendering platform that digitizes construction procurement, automatically generating tender packages and distributing them to a vetted network of over 250,000 subcontractors. The system offers AI‑assisted bid drafting, real‑time marketplace visibility and analytics dashboards that help owners, developers and contractors reduce costs and accelerate bid cycles. All data and communications are hosted securely in the cloud with role‑based access.

Valdera is a sourcing platform that utilizes AI and machine learning to automate supplier discovery and engagement for chemicals and raw materials, enabling buyers to efficiently find qualified suppliers without manual searches. The platform addresses challenges in supply chain management by streamlining procurement processes, reducing costs, and providing real-time market insights.

Vertice offers a spend optimization platform that automates procurement processes and provides visibility into SaaS and cloud expenditures. By leveraging benchmarking data from over 16,000 vendors, it enables businesses to achieve an average savings of 11% on their software costs.

Lightyear provides a data-driven software platform that automates the procurement, inventory management, and bill payment processes for enterprise telecom. By consolidating network data and streamlining workflows, it enables organizations to achieve over 20% cost savings and 70% time savings in managing their telecom services.

Pactum AI utilizes autonomous negotiation technology to conduct thousands of simultaneous contract negotiations with suppliers for large enterprises, enhancing procurement efficiency and supplier engagement. This approach unlocks millions in savings and builds a comprehensive library of negotiation insights, enabling companies to manage more negotiations and focus on strategic initiatives.

The startup provides a cloud‑native Procure‑to‑Pay platform that automates invoice capture, classification, and three‑way matching with AI, and includes built‑in compliance for e‑invoicing in 69 countries via Peppol routing. It integrates with major ERP systems through open APIs and pre‑configured connectors, and adds conversational AI analytics and virtual corporate credit‑card issuance to streamline accounts‑payable workflows for large and mid‑market enterprises.

Scoutbee offers an AI-powered supplier discovery platform that utilizes graph technology and predictive analytics to enhance supplier visibility and streamline procurement processes. By automating supplier searches and providing customized results, Scoutbee enables companies to efficiently identify and evaluate suppliers, thereby improving sourcing speed and decision-making accuracy.

Cofactr provides a data-driven platform for electronics procurement, inventory management, and logistics, enabling hardware manufacturers to streamline their supply chains and reduce delays in production. By integrating parts data intelligence with automated procurement and kitting services, Cofactr enhances operational efficiency and ensures timely delivery of critical components for industries such as aerospace and robotics.

Tealbook provides a Supplier Data Platform that automates the collection, verification, and enrichment of supplier data, ensuring organizations have a reliable source of truth for procurement. This technology addresses the challenge of fragmented and outdated supplier information, enabling businesses to enhance operational efficiency and improve supplier relationship management.

Sastrify is a software procurement platform that centralizes software management and automates vendor negotiations, providing users with a clear overview of their software stack and usage analytics. By streamlining purchasing processes and identifying savings opportunities, Sastrify helps organizations reduce overspending on software subscriptions and improve operational efficiency.

Tipalti provides an AI‑enhanced finance automation platform that consolidates accounts payable, mass payments, procurement, and expense management into a single workflow. The solution automates invoice capture, tax compliance, supplier onboarding, and global payouts in over 120 currencies, and syncs real‑time spend data with major ERP systems for reconciliation and analytics.

This startup operates a construction materials procurement platform that utilizes artificial intelligence and natural language processing to streamline the purchasing process for large tenders. By connecting manufacturers directly with customers, it reduces procurement costs and enhances transparency in a traditionally fragmented industry.

Provides a centralized platform for property managers to manage vendor relationships, ensure compliance, and streamline procurement processes through AI-powered tools. By integrating vendor onboarding, insurance verification, and a marketplace of over 50,000 vendors, it reduces procurement costs by 5% per service and saves hours on quote requests.

Kojo is a construction materials management platform that streamlines procurement by integrating purchasing with accounting systems, enabling real-time tracking of inventory and order status. It reduces manual data entry and minimizes material waste, resulting in significant time and cost savings for contractors.

Cosuno provides a cloud-based platform for managing the entire tendering and subcontractor management process in the construction industry, utilizing AI to optimize bid selection and capacity utilization. By streamlining communication and payment processes, Cosuno reduces procurement time by 60% and increases profit margins by an average of 18%.

FoodMaven is a B2B marketplace utilizing Procurement AI to streamline ingredient sourcing for restaurants and food service operators by providing real-time data on product availability, pricing, and sustainability attributes. The platform eliminates manual data processing and enhances purchasing decisions by consolidating options across multiple vendors, saving time and maximizing cost efficiency.

Settle is a cash-flow management platform that centralizes procurement, inventory tracking, and accounts payable for consumer brands, enabling automated purchase orders and vendor payments. By providing transparent financing options and real-time inventory insights, Settle helps brands optimize cash flow and scale operations efficiently.

The startup offers a spend analytics platform that utilizes artificial intelligence and human-based computation to enhance the procurement lifecycle. By optimizing technology contracts, the platform helps clients reduce technology costs while improving operational efficiency and mitigating risks.

Payflows offers an all-in-one Procure-to-Pay and Treasury Management solution that automates invoice processing, cash forecasting, and financial reconciliation through native ERP connectors. This platform reduces operational costs and time by consolidating multiple finance tools into a single source of truth for managing payments, purchase orders, and supplier information.

Provides a centralized platform for businesses to order, track, and manage fuel deliveries nationwide, integrating real-time pricing, automated invoicing, and live order tracking to streamline procurement processes. Reduces operational inefficiencies by aggregating vetted suppliers, enabling consistent delivery schedules, and offering tools for inventory management and cost control.

Provides a SaaS management platform that centralizes software subscription oversight, combining real-time application directories, usage analytics, and automated payment processing through virtual cards. It reduces excess spending by identifying underused tools, streamlining procurement workflows, and automating accounting tasks, saving finance teams an average of 13 hours monthly.

Stampli is an accounts payable automation platform that utilizes AI for line-level purchase order matching and invoice processing, streamlining approvals and payments. By integrating with over 70 ERP systems, it reduces invoice processing time by 75% and enables faster payment methods, enhancing overall financial operations efficiency.

Jow automates grocery shopping by integrating user preferences, dietary needs, and kitchen equipment to generate personalized meal plans and automatically add required ingredients to a shopping cart. This solution simplifies the grocery procurement process, allowing users to efficiently order items for pickup or delivery while minimizing food waste and optimizing costs.

Science Exchange provides a web‑based supplier‑orchestration platform for pharmaceutical, biotech and CRO R&D teams. The solution consolidates ordering, contract management, PO generation, invoice reconciliation and payments across a catalog of over 3,800 pre‑qualified suppliers under a single master agreement, with configurable approval workflows and real‑time spend analytics. It integrates with ERP and compliance systems to ensure regulatory compliance and visibility into procurement spend.

Auditoria provides an AI platform that embeds autonomous SmartBots into existing ERP and finance systems to automate accounts payable, accounts receivable, and vendor management processes. The bots use NLP and a proprietary small language model to capture invoice data, execute approvals, accruals, and journal entries, and deliver real‑time dashboards with predictive cash‑flow analytics, while maintaining tenant data isolation and BYOK encryption. Pre‑built connectors enable rapid integration with Workday, ServiceNow, Oracle, Coupa and other major ERP platforms.

GlobalFair is a B2B platform that utilizes a tech-enabled supply chain to streamline the procurement of building materials, offering real-time order tracking and automated notifications. The platform addresses inefficiencies in cross-border trade by providing contractors with customized products and accurate project estimations, ensuring timely delivery across 38 states in the U.S.

Provides an AI-powered platform for automated data extraction and workflow management, enabling businesses to process documents like invoices, receipts, and IDs without predefined templates. Reduces manual effort by up to 88% and accelerates processes such as accounts payable, reconciliation, and supply chain operations, delivering measurable ROI within weeks.

Provides a B2B energy management platform that combines real-time monitoring, AI-driven analytics, and automated procurement strategies to reduce energy costs and CO₂ emissions. The ecoplanet Cockpit and Ember AI enable businesses to identify consumption anomalies, optimize purchasing, and ensure compliance with ISO 50001 standards, delivering measurable savings and operational efficiency.

Certa provides a Third Party Operating System that automates the onboarding, contract lifecycle management, and compliance processes for suppliers, partners, and customers. By leveraging AI-driven workflows, Certa reduces onboarding times by up to 300% and operational costs by 50%, ensuring full visibility and adherence to risk management standards.

Lexion is an operations workflow platform that centralizes contract management by automating approval processes and integrating with existing tools like email and Salesforce. This solution accelerates the contracting cycle for sales, procurement, and legal teams, enhancing productivity while minimizing the need for additional legal resources.

Rohirrim utilizes generative AI to automate the creation of RFP responses by processing organization-specific data, significantly reducing the time required to produce accurate and compliant proposals. This technology enables proposal teams to enhance response quality while decreasing costs and increasing output efficiency.

Provides an integrated corporate expense management platform that streamlines travel, procurement, and reimbursement processes through virtual cards, online payments, and automated budget controls. By replacing manual invoicing and expense reporting with real-time tracking and centralized payment tools, it reduces administrative workload, enhances financial transparency, and minimizes overspending for businesses across various industries.

Libeo provides a digital platform that automates the processing and payment of accounts payable for small and medium-sized enterprises (SMEs), allowing users to manage supplier invoices and team expenses without changing their bank or accounting software. By streamlining payment workflows and enhancing visibility into cash flow, Libeo reduces the time spent on expense management by up to 66%.

Recurrency is an ERP automation platform that integrates with legacy systems to streamline sales, purchasing, and pricing workflows using artificial intelligence. It helps distributors drive revenue growth, reduce excess inventory, and enhance team productivity by providing real-time data insights and automated processes.

Emerge is a web-based truckload management system that utilizes predictive analytics and automated decision support to enhance freight procurement efficiency for shippers. The platform connects shippers with a network of pre-vetted carriers, optimizing contract negotiations and reducing transportation spend.

Provides an AI-powered contract management platform that automates contract generation, approval workflows, negotiation, and monitoring. By centralizing contract storage and integrating features like dynamic templates, e-signatures, and automated alerts, it reduces manual tasks, shortens negotiation times by 53%, and ensures compliance with contractual policies.

Labviva is a digital marketplace that integrates with enterprise procurement systems to provide researchers with transparent access to life science products, enabling them to optimize spending and supplier management. By offering price comparisons and automated inventory control, Labviva helps organizations reduce R&D costs by an average of 20% in the first year.

netLex offers a Contract Lifecycle Management (CLM) platform that utilizes artificial intelligence to automate the entire contract administration process, including creation, negotiation, approval, and management. This technology reduces manual tasks, increases operational efficiency by up to 240%, and enhances visibility and compliance across various business sectors.