Procurement teams looking to cut down on supplier research time and risk just got a boost, as Soource, a platform automating supplier selection, announced it has raised $3.0M in Seed funding. The investment round saw participation from Vertis SGR, Tenity, 360 Capital, and Club degli Investitori.
Soource's technology provides access to a vast global database and uses AI to automate the collection and analysis of supplier information. This approach aims to reduce sourcing time, mitigate reliance on a few suppliers, and cut costs, allowing procurement managers to focus on strategic activities like negotiation rather than repetitive tasks.




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