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Scoutbee offers an AI-powered procurement platform that helps businesses identify and manage suppliers efficiently. It uses AI, machine learning, and big data to quickly discover suitable suppliers, map the full supplier base, and assess ongoing supplier risk. It differentiates itself by providing end-to-end supplier discovery with risk and ESG/diversity filters to reduce disruptions and steer spending toward strategic partners. Its goal is to help organizations manage supplier networks more effectively, lower supply chain risk, and support ESG and diversity objectives.
Industries
Data & Analytics
Consulting
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series B
Total Funding
$76M
Headquarters
San Francisco, California
Founded
2015
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Total Funding
$76M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
The growing influence of artificial intelligence in logistics took another step this week as Coupa, an AI spend-management platform, acquired supplier-discovery firm Scoutbee.
Coupa has acquired AI-powered supplier discovery platform Scoutbee to enhance its procurement ecosystem. This acquisition aims to improve transparency and efficiency in supplier sourcing, onboarding, and transactions. Scoutbee, founded in 2015, has raised $76 million to connect buyers and suppliers. Coupa, with its $8 trillion spend management platform, seeks to strengthen its position against competitors like SAP's Ariba and JAGGAER in the AI-enabled procurement space.
Spend management leader Coupa has signed a definitive agreement to acquire Scoutbee, an AI-driven platform which streamlines supplier discovery through connected, data-driven sourcing.
Scoutbee announces an strategic move to San Francisco and debuts its next generation platform for supplier discovery
BERLIN ATLANTA--(BUSINESS WIRE)--Scoutbee, a leading AI-powered supplier intelligence and discovery platform, announced today that Scoutbee Discovery is now an SAP endorsed app, available for online purchase on SAP® Store. SAP endorsed apps are a category of solutions from SAP’s partner ecosystem that help customers become best-run, intelligent enterprises. Endorsed apps are meant to deliver value with desired outcomes. “Resilience, cost reduction, operational efficiency, and responsible business practices are at the top of many procurement teams’ agenda this year. AI is an invaluable technology for helping companies find the best suppliers to optimize their supply base to achieve those objectives,” said Gregor Stühler, Scoutbee CEO and Co-founder. “Scoutbee Discovery reaching SAP endorsed app status highlights our commitment to empower companies’ procurement teams with the right tools to drive forward what matters most to their business
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Industries
Data & Analytics
Consulting
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series B
Total Funding
$76M
Headquarters
San Francisco, California
Founded
2015
Find jobs on Simplify and start your career today