Procure AI has raised $13 million in seed funding to enhance its AI-native procurement automation solutions, aiming to address significant industry challenges and expand its market presence.

Information on the Target

Procure AI is a pioneering company focused on developing AI-native procurement automation solutions aimed at transforming procurement and supply chain management processes. The recently secured $13 million in seed funding will enable the company to enhance its platform and expand its reach. Founded by industry veterans Konstantin von Bueren and Yves Bauer, Procure AI offers unique end-to-end solutions that integrate fragmented procurement data rather than replace existing systems, ensuring a seamless transition to intelligent automation.

With its platform, Procure AI deploys over 50 autonomous agents that streamline procurement tasks across various categories—autonomous agents for independent task execution, collaborative agents to support human decision-making, and ambient agents for proactive assistance. This architecture facilitates comprehensive automation in sourcing, contracting, purchasing, and invoice management.

Industry Overview in the Target’s Specific Country

The procurement industry is currently undergoing significant transformation worldwide, with a particular emphasis on leveraging technology to address longstanding inefficiencies. In the UK, a notable shift is occurring as companies strive to enhance pro