Amid new tariffs and volatile delivery timelines, Procure AI lands €11 million to help enterprises stabilise procurement and supply-chains
· Source: eu-startups.com
In short
Procure AI, a London-based company developing AI-native procurement automation solutions, has raised €11 million in Seed funding to enhance procurement and supply chain management for enterprises. The platform uniquely integrates and enriches fragmented procurement data to deliver end-to-end automation across sourcing, contracting, purchasing, and invoice management, demonstrating significant efficiency gains and cost savings. With plans to expand its engineering and market presence across Europe, Procure AI aims to address the rising complexity and cost pressures in global procurement amid new tariffs and delivery uncertainties.
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In the issue of week 48, 2025: Agentic AI Revolutionizes Supply Chains with Real-Time Control and Resilience
Tags: procurement, automation, supply chain, AI agents, funding, Europe