When was Procure AI founded?

Procure AI was founded in 2020 and raised its 1st funding round 5 years after it was founded.

Where is Procure AI located?

Procure AI is headquartered in London, United Kingdom. It is registered at 2ND FLOOR CONNAUGHT HOUSE 1-3 MOUNT STREET,ENTRANCE VIA DAVIES STREET,LONDON,W1K 3NB.

How many employees does Procure AI have?

As of Sep 30, 2026, the latest employee count at Procure AI is 56.

Is Procure AI a funded company?

Procure AI is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 05, 2025.

When was the latest funding round of Procure AI?

Procure AI's latest funding was a $***** Seed round on Nov 05, 2025, with participation from 3 investors.

Where does Procure AI rank among its competitors?

Procure AI ranks 14th amongst 539 active competitors, of which 68 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Zaggle, which secured $1.65M in Dec, 2025.

Who are the top competitors of Procure AI?

Procure AI's top competitors include Coupa, Zaggle and Concur. Among them, Zaggle secured the most recent funding round in December, 2025.

Procure AI - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of augmented procurement intelligence platform, for enterprises to run procurement tasks through AI. It is an intelligent procurement management platform that uses AI for enterprises in running procurement tasks. It provides in-depth procurement intelligence through real-time data analytics. It helps companies to optimize their sourcing and purchasing activities, manage risks, and operational efficiencies.

Website: www.procure.ai/
Email ID: *****@procure.ai
Registered Address: 2ND FLOOR CONNAUGHT HOUSE 1-3 MOUNT STREET,ENTRANCE VIA DAVIES STREET,LONDON,W1K 3NB

Key Metrics

Founded Year

2020

Location

London, United Kingdom

Stage

Seed

Total Funding

$13M in 1 round

Latest Funding Round

Seed, Nov 05, 2025, $*****

Investors

Headline & 2 more

Ranked

14^th among 539 active competitors

Employee Count

56 as on Sep 30, 2026

Similar Companies

Corcentric & 211 more

View Procure AI's full profile

Procure AI is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PROCUREAI LTD CIN: 12564716 , United Kingdom, Active	Apr 19, 2020	-	5 (As on Apr 30, 2024)

Procure AI has raised a total funding of $13M over 1 round. Its latest funding round was a Seed round on Nov 05, 2025 for $*****. 3 investors participated in its latest round. Procure AI has 3 institutional investors.

Here is the list of recent funding rounds of Procure AI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 05, 2025	4302697	Seed	7160978	6685231	6560836	8535655

Access funding benchmarks and valuations. Sign up today!

View details of Procure AI's funding rounds and investors

The founders of Procure AI are Yves Bauer and Konstantin Von Bueren.

Here are the details of Procure AI's key team members:

Yves Bauer: Co-Founder of Procure AI.
Contact Info: 1 email address
Konstantin Von Bueren: Co-Founder of Procure AI.
Contact Info: 1 email address

View details of Procure AI's Founder profiles and Board Members

Procure AI's employee count trend

Procure AI has 56 employees as of Sep 26. Here is Procure AI's employee count trend over the years:

Uncover Procure AI's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Procure AI include Coupa, Zaggle and Concur. Here is the list of Top 10 competitors of Procure AI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, T. Rowe Price & 18 others	85/100
2nd	Zaggle 2011, Mumbai (India), Public	Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows	$13.7M	Mavericks, Bengal Finance and Investment ... & 33 others	80/100
3rd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	Redpoint Ventures, RRE Ventures & 8 others	75/100
4th	Procurify 2012, Vancouver (Canada), Series C	Developer of procurement software for managing organizational spend and workflows	$82.5M	Information Venture Partners, Nexus Venture Partners ... & 22 others	73/100
5th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
6th	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	83NORTH, Bessemer Venture Partners & 10 others	69/100
7th	Globality 2015, Palo Alto (United States), Series E	Provider of AI-driven platform for sourcing and procurement process automation	$368M	SoftBank Vision Fund, Al Gore & 16 others	68/100
8th	SAP Ariba 1996, Palo Alto (United States), Acquired	E-procurement, invoicing, and B2B collaboration software for businesses	-	Intel, TCV & 5 others	68/100
9th	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, AddVentures & 30 others	68/100
10th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, MassMutual Ventures & 16 others	68/100
14th	Procure AI 2020, London (United Kingdom), Seed	Provider of augmented procurement intelligence platform, for enterprises to run procurement tasks through AI	$13M	C4 Ventures, Headline & 1 others	65/100