Thursday, April 5, 2018

Suplari Snags $10.3M

Seattle-based Suplari, which is developing artificial intelligence-driven software aimed at the procurement market, has raised $10.3M in a Series A funding, the company said today. The funding was led by Shasta Ventures, and also included Two Sigma Ventures, Workday Ventures, plus Madrona Venture Group and Amplify Partners. Suplari said its software helps enterprise finance teams with identifying hidden cost savings and unidentified supplier risk, uses AI tools to examine contracts, purchasing, product usage, accounts payable, travel and expense, and corporate card accounts. The startup is led by CEO and co-founder Nikesh Parekh. More information »