ai-procurement
(5)
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.
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.
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.