# Definic

**Source:** https://www.startuphub.ai/startups/definic
**Profile type:** Startup

> A vendor intelligence platform helping enterprises improve IT vendor selection.

## About

Definic is a vendor intelligence platform that aims to disrupt traditional IT procurement by providing enterprises with data-driven insights into IT vendors. It helps companies improve their vendor selection process through delivery track records, case studies, and live market pricing. The platform assesses vendors using thousands of data points to ensure better decision-making, reduce costs, and shorten tender cycles.

## Key facts

- **Slug:** definic
- **Website:** https://definic.com/
- **Location:** Košice, Slovakia
- **Founded:** 2020-01-01 00:00:00
- **Operating status:** Active
- **Total funding:** $2M
- **Sectors / tags:** Enterprise Software, Data Analytics, Procurement Technology, Vendor Management, Procurement Software, Business Intelligence

## Frequently asked

### What does Definic do?

Definic is a vendor intelligence platform that aims to disrupt traditional IT procurement by providing enterprises with data-driven insights into IT vendors. It helps companies improve their vendor selection process through delivery track records, case studies, and live market pricing. The platform assesses vendors using thousands of data points to ensure better decision-making, reduce costs, and shorten tender cycles. (formerly ["Nordics"].)

### How much funding has Definic raised?

Definic has raised a total of $2M in funding. The most recent round on record is Seed.

### Where is Definic headquartered?

Definic is headquartered in Košice, Slovakia.

### When was Definic founded?

Definic was founded in 2020.

### What industry does Definic operate in?

Definic operates in Enterprise Software, Data Analytics, Procurement Technology, Vendor Management, Procurement Software, Business Intelligence.

### What is Definic's valuation?

StartupHub estimates Definic's effective valuation at $5.5M (range $3.8M to $9.0M, 10% confidence), based on comparable companies in the sector.

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