ProcurePro Secures $11M to Deliver AI-Powered Procurement Control for Construction's $13T Supply Chain
· Source: supplychaindigital.com
In short
ProcurePro has raised US$11 million in a funding round led by QIC Ventures, valuing the company at over US$80 million, to accelerate its AI-powered construction procurement platform. The platform digitizes the full procurement lifecycle from scheduling to subcontracting, leveraging data from over 6,000 projects worth $90 billion to power AI tools like BidLevel AI. The funding will support expansion into the UK, Middle East, and North America with 100 new hires planned over the next 24 months.
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In the issue of week 20, 2026: AI-Powered Automation and Control Towers Drive Supply Chain Transformation
Tags: procurement, construction, AI, supply-chain, funding, automation