# Procure AI

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

> AI-native procurement platform automating sourcing, negotiation, and contract management.

## About

Procure AI provides an AI-native Procurement Automation Platform that unifies spend analytics, generative intake management, autonomous sourcing and negotiations, intelligent supplier management, and seamless purchasing operations. Their platform empowers pioneering procurement teams with agentic AI.

## Key facts

- **Slug:** procure-ai
- **Website:** https://www.procure.ai
- **Location:** New York, United States
- **Founded:** 2021-01-01
- **Employees:** 45
- **Operating status:** Active
- **Total funding:** $30M
- **Sectors / tags:** Procurement Software, Supply Chain Management, Automation, Enterprise Software, Contract Management, Sourcing Software, Negotiation Software, Spend Management, Agentic AI, AI Agent, Generative AI, Spend Analytics, Supplier Management, Purchasing Operations
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/procureai

## Frequently asked

### What does Procure AI do?

Procure AI provides an AI-native Procurement Automation Platform that unifies spend analytics, generative intake management, autonomous sourcing and negotiations, intelligent supplier management, and seamless purchasing operations. Their platform empowers pioneering procurement teams with agentic AI.

### What is Procure AI's valuation?

StartupHub estimates Procure AI's effective valuation at $109.9M (range $73.8M to $177.0M, 19% confidence), based on comparable companies in the sector.

### How much funding has Procure AI raised?

Procure AI has raised a total of $30M in funding. The most recent round on record is Seed.

### Where is Procure AI headquartered?

Procure AI is headquartered in New York, United States.

### When was Procure AI founded?

Procure AI was founded in 2021.

### What industry does Procure AI operate in?

Procure AI operates in Procurement Software, Supply Chain Management, Automation, Enterprise Software, Contract Management, Sourcing Software.

### How many employees does Procure AI have?

Procure AI has approximately 45 people on record.

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