ai-procurement
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EETech Is Building the Operating System Behind the Electronics Aisle
A Boise media company spent a decade earning engineers’ attention. Now it is turning that trust, and the data around it, into search, commerce and AI tools for the electronics supply chain.
penny.
penny. is a Saudi-based B2B SaaS company that digitizes the full source-to-pay procurement cycle on one cloud platform. It combines e-sourcing, RFQs, purchase orders, supplier management, spend analytics and AI-driven automation so enterprises can cut costs, tighten governance and speed up buying. The modular, customizable system is used by companies across 75+ countries and is layered with AI tools like the Bidly.ai sourcing assistant to make procurement faster and more transparent.
Downstream
Downstream is a Dallas-based online marketplace that lets construction contractors rent equipment, book waste hauling, and order jobsite services - dumpsters, porta potties, scissor lifts, forklifts, fencing, mobile offices - from a nationwide network of vetted suppliers. The platform delivers real-time pricing, multiple competing quotes per job, consolidated billing, Net 30 payment terms, and AI agents that read a contractor's rollout sheets or invoices to procure automatically. Founded in 2022 (originally as Trash Gurus), the company raised an $8M Series A in November 2025 co-led by Brick & Mortar Ventures and Moneta Ventures.
Procol
Procol is an AI-powered procurement platform that automates the full source-to-pay lifecycle - intake, strategic sourcing, eAuctions, supplier management, and spend analytics - for enterprise procurement and finance teams. Founded in 2018 by Gaurav Baheti and Sumit Mendiratta, the company pairs autonomous AI agents with white-glove service to help large enterprises cut procurement cycle times and unlock cost savings. Procol says it serves 200+ enterprises managing over $20B in spend, including IKEA, Hershey's, Havells, Emami, and the Tata Group.
Gaurav Baheti
Gaurav Baheti is the founder and CEO of Procol, a procurement and sourcing software company he started in 2018. A designer and engineer by training who once built user experiences at Google in New York, he now leads a roughly 120-person team building tools for intake, RFx, negotiations, supplier management and spend reporting. Procol powers procurement for enterprises across India, the Middle East and Southeast Asia, cumulatively managing billions of dollars in B2B spend, and is backed by Peak XV Surge, Blume Ventures, Beenext and others. A Forbes 30 Under 30 honoree, Baheti wants to move procurement from a cost-cutting function into a source of strategic advantage.
LevaData
LevaData is an enterprise SaaS company that builds an AI-powered supply management platform for direct-materials procurement. Founded in 2015 and headquartered in Pleasanton, California, its Cognitive Supply Management platform blends a company's bill of materials and sourcing objectives with real-time market data covering over a billion parts and tens of thousands of suppliers to recommend cost savings, flag risks, and speed up new product introduction. It counts manufacturers and OEMs among its customers and raised a $47M Series C in 2021 led by Banneker Partners.
Zachary Irwin
Zachary Irwin is the co-founder and CEO of Downstream, a Dallas-based marketplace that lets contractors book equipment rentals, dumpsters, portable toilets, and site services with a few taps - the way you might order a pizza. Started in 2022 as 'Trash Gurus' and rebuilt into an AI-driven procurement platform with 100,000+ listings, Downstream raised an $8M Series A in November 2025 co-led by Brick & Mortar Ventures and Moneta Ventures. Irwin came to construction's least glamorous corner from an unlikely place: years as a healthcare-software (Epic) consultant building oncology and pharmacy systems across 22 states.
Bundle
Bundle is an Oakland-based, AI-powered materials procurement platform built for design and construction teams. It lets builders and suppliers quote, buy, and manage construction materials from initial quote through delivery in a single system - offering a live catalog of 50,000+ products, multi-supplier quote comparison, delivery tracking, a reusable materials library, and automated reordering. Founded in 2021 by Stanford MBA classmates Janna Colucci and Edison Ding, Bundle targets the SMB residential and ADU segment, aiming to run purchasing 10x faster and cut material costs 10-20%.
Hazel
Hazel is a New York-based startup building AI-native software for U.S. government procurement. Its platform helps state, local, and federal agencies define requirements, draft solicitations (RFPs, RFQs, RFBs), run market research, and evaluate vendor responses in one place - compressing a process that often takes months into days while keeping agencies compliant. Founded in 2024 by Harvard classmates August Chen and Elton Lossner and backed by Y Combinator, Hazel counts the City of Dallas, City of Atlanta, PhilaPort, and the U.S. Air Force among its early adopters.
Pavilion
Pavilion (formerly CoProcure) is a San Francisco-based govtech company building the marketplace for public procurement. It lets state, local, and education agencies find and reuse contracts that other public entities have already competitively bid and awarded - a practice called cooperative purchasing or 'piggybacking' - so buyers skip months of paperwork and vendors sell more using contracts they already won. The platform is free for governments, and layers vendor search, smart intake routing, compliance guidance, and an AI Contract Hub on top of a repository of tens of thousands of shareable public contracts.
Janna Colucci
Janna Colucci is the CEO and co-founder of Bundle, an Oakland-based software platform that drags construction materials procurement out of the paper-and-phone-call era. After watching a construction crew print out her emails and write responses by hand while building Delos' wellness-focused NYC headquarters, she teamed up with Stanford Business School classmate Edison Ding to build a digital buying platform for small and mid-sized residential builders that promises purchasing at 10x speed and 10-20% cost savings. A Dartmouth grad and Stanford MBA who cut her teeth in green building and co-created the mindfulMATERIALS sustainability standard, she raised a $4M seed round in 2023 and runs the company on a Lao Tzu leadership philosophy.
BRM
BRM is an AI-powered vendor management and procurement platform that gives finance, legal, and IT teams a complete, organized view of every vendor, contract, and renewal. Its AI 'SuperAgents' automatically discover vendors across a company's email, ERP, corporate cards, and other systems, extract contract terms, build a live renewal calendar, monitor compliance, and even help negotiate renewals - replacing the spreadsheets and manual data entry that procurement has long depended on.
August Chen
August Chen is the co-founder and CEO of Hazel, a Y Combinator-backed startup building AI-native procurement software for U.S. federal, state, and local government. A Harvard mechanical engineering and computer science graduate who built wildfire-prevention software at Palantir, Chen now aims his company at the $2.7 trillion public procurement market, helping overworked civil servants draft compliant solicitations in five minutes instead of five months. Hazel counts customers from K-12 school districts to the U.S. Navy and, in 2025, signed the City of Dallas as the first major Texas city to adopt AI for procurement.
Didero
Didero builds AI agents that automate enterprise procurement for manufacturers and distributors. Its platform sits as an agentic layer on top of existing ERP and procurement tools, reading the messy stream of emails, purchase orders, packing lists, and supplier messages, then executing the routine source-to-pay work - sourcing, quoting, PO lifecycle management, invoice reconciliation, and supplier communication - so supply chain teams can stop chasing exceptions and focus on strategic decisions.
Order.co
Order.co is a New York-based AI-powered spend efficiency platform that consolidates business purchasing, approvals, payments, and reporting into one system. Founded in 2016 as Negotiatus and rebranded to Order in 2022, it helps mid-market and enterprise companies cut costs through AI-driven sourcing, a 17,000+ vendor network, and accounts payable automation, overseeing more than half a billion dollars in annualized spend for customers like WeWork, SoulCycle, and Hugo Boss.
Matt Garippa
Matt Garippa is the co-founder and Chief Business Officer of Order.co, the New York B2B purchasing platform formerly known as Negotiatus. A former fixed income trader who pivoted from Wall Street trading desks to building software, he and his brother Zach started the company in 2016 after a friend running a CrossFit gym complained about the grind of ordering supplies. Today Order.co helps hundreds of finance and operations teams - including WeWork and SoulCycle - consolidate purchasing, payments, and spend control, and Matt leads its business strategy, partnerships, and analytics, now centered on AI-driven procurement.
Rajiv Ramanan
Rajiv Ramanan is the Co-Founder and Chief Revenue Officer of Spendflo, an AI-native procurement platform that helps fast-growing companies bring structure, visibility, and control to how they buy and manage software vendors. A Chennai native now based in San Francisco, Rajiv spent years at Freshworks building partner ecosystems and working with over 5,000 vendors before co-founding Spendflo in 2021 alongside Siddharth Sridharan and Ajay Vardhan. Under his GTM leadership, Spendflo has raised $15.9M in total funding, grown to 140 employees, and manages over $100M in SaaS expenditure for customers—delivering an average 23% reduction in software spend.
Spendflo
Spendflo is an AI-native procurement platform that helps finance, IT, and procurement teams buy, manage, renew, and secure their SaaS stack. Co-founded in 2021 by Siddharth Sridharan, Ajay Vardhan, and Rajiv Ramanan, the company combines an intake-to-procure workflow engine with negotiation-as-a-service and a family of AI agents (collectively branded Flo) that automate contracts, approvals, vendor onboarding, third-party risk, and accounts payable. Spendflo has raised $15.4M to date, including an $11M Series A in 2023 led by Prosus Ventures and Accel.
Vinod Devan
Vinod Devan is a senior technology executive and strategic operator who has built partner ecosystems and commercial organizations at the intersection of enterprise AI, SaaS, and consulting. With a career spanning Strategy&, Deloitte, Confluent (through its 2021 IPO), Globality, Cohere, and most recently Ema Unlimited as Chief Commercial Officer, Devan brings a rare combination of engineering depth, management consulting rigor, and hands-on go-to-market execution to high-growth AI companies.
Siddharth Sridharan
Siddharth Sridharan is the Co-Founder and CEO of Spendflo, an AI-native procurement platform that helps fast-growing and enterprise companies manage SaaS vendor relationships and cut software spend. He co-founded Spendflo in 2021 after spotting a universal blind spot: CFOs had no centralized way to track or negotiate SaaS contracts. Backed by $15.9M in funding including a Series A, Spendflo has grown to 140 employees and operates out of San Francisco, promising guaranteed savings on software procurement through a hybrid AI-plus-expert-negotiation model.