About Artificial Intelligence companies in Procurement IT
There are 35 Artificial Intelligence companies in Procurement IT, including 17 funded companies having collectively raised $916M in venture capital money and private equity. Out of these, 8 are Series A+ funded, and 1 has achieved unicorn status.
Artificial Intelligence companies in Procurement IT has seen 1 IPO.
Top Artificial Intelligence companies in Procurement IT
There are more than 35 Artificial Intelligence companies in Procurement IT. Globality is the top Artificial Intelligence company in Procurement IT, ranked using Tracxn Score (what's this?).
Here are 5 of the top Artificial Intelligence companies in Procurement IT:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of AI-driven platform for sourcing and procurement process automation | Palo Alto (United States) | 2015 | Series E | $368M | |
AI-powered procurement platform to optimize buying decisions for enterprises | San Francisco (United States) | 2017 | Series A | $78M | |
Provider of an AI platform for automating strategic sourcing processes | Boston (United States) | 2017 | Series C | $78M | |
AI-powered platform for modern finance and procurement teams | London (United Kingdom) | 2021 | Series C | $101M | |
Developer of an AI-powered platform for procurement category strategy management | Bocholt (Germany) | 2020 | Seed | $5M |
Artificial Intelligence companies founded year-on-year in Procurement IT
6 Artificial Intelligence startups in Procurement IT were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 5 |
2023 | 3 |
2022 | 6 |
2021 | 1 |
2020 | 2 |
2019 | - |
2018 | - |
2017 | 2 |
Stage-wise distribution of Artificial Intelligence companies in Procurement IT
Out of the total 35 Artificial Intelligence companies in Procurement IT, 17 have secured funding. Among them, 8 have reached Series A or higher, and 6 to Series B or beyond.
Founded - 35
Funded - 17
Series A+ - 8
Series B+ - 6
Series C+ - 5
Company Stage | No. of companies |
|---|---|
Founded | 35 |
Funded | 17 |
Series A+ | 8 |
Series B+ | 6 |
Series C+ | 5 |
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Funding Trends in Artificial Intelligence companies in Procurement IT
Total funding year-on-year in Artificial Intelligence companies in Procurement IT
Artificial Intelligence companies in Procurement IT saw a total funding of more than $868M in the last 10 years. The most amount of funding was in 2025 at more than $147M. There has been a total funding of $100M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $100M |
2025 | $147M |
2024 | $77.6M |
2023 | $95M |
2022 | $127M |
2021 | $142M |
2020 | $31.5M |
2019 | $113M |
2018 | $889K |
2017 | $35M |
Recent Funding Rounds in Artificial Intelligence companies in Procurement IT
In the year 2026, till March 2026, Artificial Intelligence companies in Procurement IT have raised $100M in equity funding across 1 round.
In the same period last year (i.e. till January 2025), Artificial Intelligence companies in Procurement IT had raised $50M across 1 round.
So, 2026 has seen a 100% rise in funding in Artificial Intelligence companies in Procurement IT as compared to 2025.
Here are some recent, important funding rounds in Artificial Intelligence companies in Procurement IT:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 8673 | Mar 12, 2026 | ||
Seed | 8989 | Oct 28, 2025 | ||
Seed | 6896 | Jul 16, 2025 | ||
Series B | 3189 | Jun 30, 2025 | ||
Series A | 4430 | May 14, 2025 |
Top Investors in Artificial Intelligence companies in Procurement IT
Insight Partners is the top investor in Artificial Intelligence companies in Procurement IT based on number of companies invested.
Here are some top investors in Artificial Intelligence companies in Procurement IT:
Investor | Location | Top Portfolio Companies |
|---|---|---|
New York City (United States) | Fairmarkit and Rohirrim | |
Redwood City (United States) | ||
Mountain View (United States) | ||
Manhattan Beach (United States) | ||
San Francisco (United States) |
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IPOs in Artificial Intelligence companies in Procurement IT
In the year 2010, till August 2010, 1 IPO happened in Artificial Intelligence companies in Procurement IT.
Here are some recent, important IPOs in Artificial Intelligence companies in Procurement IT:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 23, 2010 | Euronext Exchange (Euronext) |
Colleges which produce the most Artificial Intelligence companies in Procurement IT
Companies founded by alumni from top colleges in Artificial Intelligence companies in Procurement IT
Most number of Artificial Intelligence startups in Procurement IT have been founded by alumni from Stanford Business School, Stanford University and Copenhagen Business School.
College | No. of companies |
|---|---|
Stanford Business School | 2 |
Stanford University | 2 |
Copenhagen Business School | 1 |
HEC Paris | 1 |
Haas School of Business | 1 |
IIT Guwahati | 1 |
IIT Kharagpur | 1 |
IIT Roorkee | 1 |
INSEAD | 1 |
Massachusetts Institute of Technology | 1 |
Total funding in Artificial Intelligence companies founded by alumni from top colleges in Procurement IT
In the last 10 years, graduates from INSEAD and University of Bristol have raised the most funding for Artificial Intelligence companies in Procurement IT, compared to alumni from other top colleges, and Haas School of Business alumni are third.
College | Total Funding |
|---|---|
INSEAD | $101M |
University of Bristol | $101M |
Haas School of Business | $5.5M |
University of California (Berkeley) | $5.5M |
Copenhagen Business School | $5M |
XLRI- Xavier School of Management | $599K |
IIT Guwahati | $500K |
IIT Kharagpur | $500K |
IIT Roorkee | $500K |
Stanford Business School | $500K |
Top News in Artificial Intelligence companies in Procurement IT
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H&Z Management Consulting deepens procurement capabilities with akirolabs partnershipConsultancy•Apr 24, 2026•H&Z, akirolabs
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Sinari partners with Esker to offer its customers a complete electronic billing management solutionGlobeNewswire•Sep 25, 2025•Sinari, Esker
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LSE partners with Globality to pioneer AI-driven talent sourcing in higher education.Business Wire•Mar 24, 2025•LSE, Globality
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Levelpath Joins Coupa App Marketplace with Certified AI-Powered Procurement SolutionBusiness Wire•Mar 13, 2025•Levelpath
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Fairmarkit Named to Forbes’ 2025 List of America's Best Startup EmployersBusiness Wire•Mar 07, 2025•Fairmarkit
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Fairmarkit Certified as Coupa Total Spend Management Platform ReadyBusiness Wire•Feb 11, 2025•Fairmarkit
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Education Credit Union Selects Vertice ACQUIRE to Accelerate New Member AcquisitionBusiness Wire•Feb 04, 2025•Education Credit Union, Vertice
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