Global intelligent procurement and sourcing software provider Xeeva, Inc., garnered an investment of $40 million led by PeakEquity Partners I, L.P.
Since 2014, Xeeva has assisted its users by cleansing and categorizing spend data, automating buying tasks, picking the best supplier, and identifying opportunities to save. It does this with the help of the patented artificial intelligence that powers its full suite software. With solution offerings for visibility, sourcing, procurement, and supplier results, the software simplifies the source-to-settle process.
Xeeva plans to utilize the funds to further enhance its product suite, accelerate sales and marketing efforts, and elevate the brand.