Quickly select suppliers, save customers’ costs, and solve the most important problems in global procurement
“Scoutbee” official website
Recently, according to Foreign media reported that” Scoutbee “ Completed a USD 60 million Series B financing >. This round of financing was led by Atomico, and Next47, a venture capital firm backed by Lakestar and Siemens, participated. “Scoutbee” had raised US $ 12 million in funding in June 2019.
According to a survey by Thomasnet, nearly 50% of buyers will encounter unexpectedly closed suppliers during their cooperation with buyers.
To solve this problem, In 2015, Four German entrepreneurs Christian Heinrich, Fabian Heinrich, GregorStühler and Lee Galbraith co-founded “Scoutbee”, with the company’s headquarters in Wurzburg, Germany. “Scoutbee” An artificial intelligence-driven global procurement platform that develops and sells access to suppliers .
“Scoutbee” solves the most important problem in global procurement, that is, low transparency, Complexity and cost. With an advanced database and artificial intelligence “Artemis”, “Scoutbee” enables users to easily complete the procurement process and smoothly cope with daily challenges.
“Scoutbee” can quickly select suppliers and save costs for customers. The “Scoutbee” suite is supported by the company’s AI engine “Artemis” , The streamlined catalog can be used to purchase from existing suppliers Benchmarking behavior can also help customers find new products and product suppliers . Every 10 weeks, “Scoutbee” analyzes up to 1TB of supply chain data.
The two core products of “Scoutbee” are “DeepSee” and “Streamline”. “DeepSee” Use the resources of customers and third parties to understand supplier pricing, competitive relationships, and delivery records . “Streamline” enables customers to filter suppliers based on product specifications and product requirements, and track key performance indicators , and also enables customers to financially verify supplier quality through financial and other tests .
“Scoutbee” official website
“Scoutbee” dominates the global procurement software market. Its competitors include San Francisco-based e-procurement platform provider Scout RFP and cloud-based Procurify.
CEO Stühler said the new funding will bring the total funding of “Scoutbee” to $ 76 million. The company will use new funds to strengthen research and development. Scoutbee’s goal is to facilitate more than $ 100 billion in transactions in various fields including automotive, aerospace, off-highway and industrial machinery, construction, manufacturing and retail.