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.
Curated and translated by Europe Digital for our multilingual European audience.
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