Amid new tariffs and volatile delivery timelines, Procure AI lands €11 million to help enterprises stabilise procurement and supply-chains
London-based Procure AI has secured €11 million in seed funding to advance its AI-powered procurement automation solutions. This investment signals a growing trend of leveraging artificial intelligence to streamline and stabilize procurement and supply chain management across European enterprises, and reflects a wider movement toward digital transformation in this sector. The funding round was led by Headline, with participation from C4 Ventures and Futury Capital. Procure AI's platform employs over 50 AI agents to automate various procurement tasks. These agents are categorized into autonomous agents, collaborative agents, and ambient agents, offering end-to-end automation. Core solutions include Autonomous Spot-Buy and Tactical Sourcing, which offer significant time savings and cost reductions, alongside Quote-to-Order Intake, which automates a substantial portion of requests. The investment underscores a broader European interest in modernizing procurement workflows, with other firms also attracting substantial funding. Notable examples include Mercanis, Nvelop, Matchory, Crown, and Scalera, all of which are deploying AI to optimize various procurement functions. These companies are collectively contributing to a digital shift within Europe's procurement landscape. Procure AI distinguishes itself by enriching existing data systems instead of replacing them, enabling quicker returns on investment. The company's focus on comprehensive AI-driven solutions positions it as a key player in the evolving landscape of European digital procurement and supply chain management.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mollie
Mollie is a Dutch payment service provider that facilitates online and in-person payment processing for businesses. It enables users to accept various payment methods, including credit cards, bank transfers, and digital wallets. Key features include quick setup, transparent pricing, and support for multiple European payment methods. Mollie is suitable for businesses of all sizes, from startups to established enterprises, looking to streamline their payment processes and expand their customer reach by offering diverse payment options.
Mailbox
Mailbox.org is a secure email provider offering a comprehensive digital workspace. It provides email, calendar, cloud storage, and an office suite, including document editing, and video conferencing capabilities. This service is designed for both individuals and businesses seeking GDPR-compliant communication and data storage solutions. Key features include end-to-end encryption options, secure file sharing, and customizable domain support.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.