Algo8 AI - About the company
Algo8 AI is a seed company based in Delhi (India), founded in 2015. It operates as a Provider of procurement automation solutions for businesses. Algo8 AI has raised an undisclosed amount in funding. The company has 44 active competitors, including 8 funded and 3 that have exited. Its top competitors include companies like Zycus, Procol and Corcentric.
Company Details
Provider of procurement automation solutions for businesses. Platform analyze diverse data types, enabling clients to improve revenue, minimize carbon footprints, optimize output, and improve workplace safety. It also offers tools for schedule optimization, plant monitoring, quality prediction and more.
- Website
- algo8ai.com
- Registered Address
- Innov8 OKHLA, 3rd Floor, 211, OKHLA INDL. ESTATE PHASE -III, Okhla Industrial Estate, South Delhi, New Delhi, Delhi, India, 110020
Key Metrics
Founded Year
2015
Location
Delhi, India
Stage
Seed
Latest Funding Round
Ranked
13th among 44 active competitors
Annual Revenue
₹3.9Cr as on Mar 31, 2025
Employee Count
25 as on May 31, 2025
Legal entities associated with Algo8 AI
Algo8 AI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ALGO8 AI PRIVATE LIMITED CIN: U93000DL2015PTC285001 , India, Active | Sep 09, 2015 | $462K (As on Mar 31, 2025) | 31 (As on Jul 31, 2025) |
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Algo8 AI's funding and investors
Algo8 AI has raised funding over 1 round.
Here is the list of recent funding rounds of Algo8 AI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2022 | 2656 | Seed | 6806 | 8128 | 2947 | 7006 |
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Algo8 AI's founders and board of directors
Founder? Claim ProfileAlgo8 AI's employee count trend
Algo8 AI has 25 employees as of May 25. The total employee count is 4.0% more than what it was in May 24. Here is Algo8 AI's employee count trend over the years:
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Algo8 AI's Competitors and alternates
Top competitors of Algo8 AI include Zycus, Procol and Corcentric. Here is the list of Top 10 competitors of Algo8 AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Zycus 2001, Princeton (United States), Unfunded | Provider of AI-powered source-to-pay procurement software solutions | - | - | 65/100 |
2nd | AI-based platform automating procurement processes | $11.2M | 61/100 | ||
3rd | Corcentric 1998, Mclean (United States), Public | Provider of source-to-pay, order-to-cash, and fleet management business solutions | $81.2M | 59/100 | |
4th |  Kavida AI 2020, London (United Kingdom), Acquired | Developer of AI agents for procurement, sourcing, and sales automation | $1.57M | 59/100 | |
5th |  Procure AI 2020, London (United Kingdom), Seed | Provider of augmented procurement intelligence platform, for enterprises to run procurement tasks through AI | $13M | 52/100 | |
6th | Provider of AI-driven solutions that refine and streamline procurement processes | $5.91M | 46/100 | ||
7th | GeneralMind 2025, Berlin (Germany), Seed | Provider of AI platform automating supply chain operations and workflows | $12M | 43/100 | |
8th | Provider of procurement intelligence platform for industrial purchasing and supply chain | $59.7M | 39/100 | ||
9th | Growthfile 2019, Delhi (India), Seed | Offers web-based accounts payable automation solution for finance teams | $446K | 36/100 | |
10th | Provider of buyers and suppliers with negotiation and purchase management solution | - | - | 33/100 | |
13th | Provider of procurement automation solutions for businesses | - | - | 33/100 |
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Algo8 AI's Investments and acquisitions
Algo8 AI has made no investments or acquisitions yet.
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