Source AI Secures $1.4M Pre-Seed for Retail Procurement

Dublin-headquartered AI startup Source secured $1.4 million in Pre-Seed funding. Square Peg led the round, with participation from former Stripe CTO David Singleton and the Xtripe angel syndicate. Source, registered as QuickFind AI, Inc., develops an AI procurement tool for retailers.

The platform automates stock purchasing using agentic AI. It processes unstructured data from inventory reports, invoices, and emails. Source provides buyers with intelligent suggestions, streamlining operations for businesses managing thousands of SKUs. The platform targets small to medium-sized retailers, often burdened by manual processes.

Source AI's Global Expansion and Product Vision

Source offers a modern alternative to reliance on email and Excel. While large retailers invest heavily in enterprise resource planning (ERP) systems, Source provides a lighter, API-based solution. The company currently has almost ten pilot programs in operation. Source aims to simplify complex purchasing workflows and enhance retail technology.

The capital will double the engineering headcount. Additionally, it will fund US pilot programs this autumn. Source plans a relocation to Silicon Valley later this year. The company also joined the NDRC Accelerator in Dublin.