For this week’s Startup Showcase, we spotlight Berlin-based startup scoutbee, an innovator in the procurement sector that leverages artificial intelligence (AI) to supercharge supplier discovery and strategic sourcing.
Redefining Supplier Discovery
Founded in Berlin, Germany, in 2015, scoutbee has embarked on a mission to facilitate a seamless connection between purchasers and suppliers around the globe. The company delivers an AI-powered supplier discovery suite to procurement and supply chain experts, ushering in a new era of strategic sourcing.
Powered by AI and curated data, scoutbee’s discovery suite constantly tracks millions of data points, gathering comprehensive supplier information and offering deep insights. It’s more than just a tool—it’s a game-changing digital process that simplifies and enhances strategic sourcing.
Innovation Rooted in Expertise
The expertise at the foundation of scoutbee is as diverse as it is deep. It was established by experts in procurement, operations, and engineering, bringing together a unique set of skills that underpin the company’s innovative solutions.
Their groundbreaking work has not gone unnoticed. scoutbee was named one of Gartner’s 2020 “Cool Vendors” in Sourcing and Procurement for Supply Chain. Additionally, the World Procurement Awards 2019 highly commended scoutbee for its technology, further endorsing the value the startup brings to the procurement sector.
Future Growth and Aspirations
Since its inception, scoutbee has shown impressive growth, raising $76M in funding from a roster of investors that includes Atomico, Lakestar, Next47, Toba Capital, HV Holtzbrinck Ventures, and 42CAP. These funds are being utilised to expand scoutbee’s offering in Europe and the US and to continue the evolution of their strategic sourcing solution.
As the global economy becomes more interconnected, the ability to find the right suppliers becomes increasingly vital. scoutbee’s AI-powered discovery suite is meeting this need head-on, revolutionising the procurement landscape in the process.
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