Suplari Acquires $10.3 Million in Series A Funding

AI-driven procurement  insights platform Suplari closed $10.3 million in Series A financing led by Shasta Ventures, with participation from new investors Two Sigma Ventures and Workday Ventures, as well as existing investors Madrona Venture Group and Amplify Partners.

Suplari’s cloud-based AI platform analyzes millions of enterprise data points and interactions across disparate enterprise systems that include contracts, purchasing, product usage, accounts payable, travel and expense, and corporate card accounts. This allows procurement and finance teams to find hidden cost savings and unidentified supplier risk to reduce costs, fraud, and risk, and to increase policy and government regulation compliance.