akirolabs raises $5M in seed funding to revolutionize strategic procurement USA - english.

Spend Matters is delighted to announce the 2023 roster for our ‘Future 5‘ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative application of technology. Moreover, these vendors must have less than $10 million in revenue and our analysts must find them both sustainable and growing with a clear momentum. In this series of articles, we explain what these vendors offer, why they are likely to become future members of our ‘50 Procurement Providers to Watch‘ and ‘50 Procurement Providers to Know‘ lists and what challenges they may face.Get to know all the procurement tech providers that made our lists this year and the methodology behind the selection criteria: In no order of preference, today we are sharing the reasoning behind our selection of akirolabs

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of today. Following months of debate based on extensive knowledge of the many procurement technologies they have reviewed, analysed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.Get to know all the providers that made this year’s 50 To Know, 50 To Watch and Future 5 lists here.The Future 5 start-ups are taking technology further to address problems not previously solved, or are introducing a new category of automation that tackles new challenges in interesting ways. We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices.So we are delighted to introduce you to our Future 5 as we capture their voices. Today please get to know akirolabs.What is akirolabs?akirolabs is a category strategy management solution that aims to support procurement’s transformation from being a purely tactical function to an orchestrator of value