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Procure AI

Category: AI Agents

AI-native procurement automation platform that uses autonomous agents to streamline sourcing, purchasing, compliance, and supplier management Procure AI was founded in 2021. The company is led by Konstantin von Bueren. Based in London, United Kingdom. Team size: 40+. Total funding raised: $13M. Latest round: Seed. Key investors include Headline, C4 Ventures, Futury Capital.

Founded
2021
Headquarters
London, United Kingdom
Team size
40+
Total funding
$13M

Value proposition

Reduces procurement costs by 3.7-5.2% per event, cuts manual work by 35-46%, and processes 3x more sourcing events with same headcount

Products and solutions

AI-native Procurement Automation Platform, Unified Analytics Dashboard, Generative Intake Management, Autonomous Sourcing & Negotiations, Intelligent Supplier Management, Seamless Operations Platform

Unique value

First AI procurement platform using 40+ autonomous agents for end-to-end process automation, unified data analytics, and real-time decision making

Target customer

Mid-sized to large enterprises in manufacturing, retail, healthcare, and logistics with complex procurement needs

Industries served

Manufacturing, Retail, Healthcare, Logistics, Energy

Technology advantage

Proprietary NLP and machine learning models trained on 100K+ procurement contracts, deployed across 40+ AI agents for autonomous procurement workflows

How they differentiate

Procure AI differentiates by unifying fragmented procurement data into a single AI-enhanced platform with 40+ autonomous agents, avoiding extensive system changes required by competitors

Main competitors

Jaggaer, Coupa, Ivalua

Key partnerships

Microsoft Azure (cloud infrastructure), Headline (lead investor), C4 Ventures, Futury Capital

Notable customers

EnBW, Kärcher, DMG MORI, Naturnerige

Major milestones

Raised $13M seed funding led by Headline (November 2025), Achieved 4x revenue growth over past year, Expanded team to 40+ employees across three cities, Named to Forbes 30 Under 30 Europe 2023, Managing €37B+ in annual procurement spend

Growth metrics

4x revenue growth over the past year, managing €37B+ annual spend, 4.6% average savings in tactical & tail spend negotiations, 37% reduced order processing time

Market positioning

Positioned as an AI-driven solution targeting cost-saving opportunities in supply chain inefficiencies, focusing on end-to-end procurement automation for enterprises

Geographic focus

Primarily targeting European enterprise markets with offices in London, Paris, and Frankfurt, expanding to UK, Nordics, Benelux, and France

Patents and IP

No publicly listed patents; relies on trade secrets around agent-based workflow architecture

About Konstantin von Bueren

Co-founder and Co-CEO of Procure AI since 2021. Background in economics from MIT and London Business School. Previously involved in procurement technology and AI automation. Speaker at procurement summits on AI-driven procurement transformation.

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