intake-to-procure
(2)
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.
Zip
Zip is the AI platform for enterprise procurement, pioneering the intake-to-procure category and connecting the fragmented world of corporate spending into one orchestrated system. Founded in 2020 by Rujul Zaparde, Lu Cheng, and Felix Meng, Zip has processed over $500 billion in spend across 7.4 million suppliers, saved enterprise customers $6.8 billion, and raised $371 million at a $2.2 billion valuation - including the largest procurement tech investment in over two decades. With 50+ purpose-built AI agents, Zip is turning one of the most paper-heavy, approval-laden corners of corporate life into a fast, intelligent, and auditable process.