akirolabs, a Berlin-based procuretech startup, has successfully raised $5 million in Seed funding. Specializing in AI-powered strategic procurement, akirolabs is redefining the procurement process. Their SaaS platform is designed to transform procurement into a strategic business function. It focuses on orchestrating value chains and fostering extended collaboration. The platform enables organizations to develop procurement strategies tailored to their unique needs.
The company’s solution extends beyond traditional category management. It leverages AI and utilizes data from multiple sources. This approach not only addresses ESG-related challenges but also aids in recognizing procurement’s strategic importance.
Revolutionizing procurement with ai
akirolabs’ platform is not just a cost-saving tool. It enhances total cost management, supply chain resilience, sustainability, and agility. This amplifies the competitiveness of its customers. The startup’s SaaS solution offers a ready-to-use framework. This enables customers to achieve 4-5 times higher procurement value.
We’re very grateful for the trust placed into akirolabs in this funding round. It emphasises the imperative of advanced strategic procurement software in today’s economic environment. In these challenging times, akirolabs does not just facilitate price savings. Our solution delivers tangible improvements in total cost and supply chain resilience, sustainability and agility, strengthening the competitiveness of our customers.
Michael Pleuger, CEO of akirolabs
Backing from notable investors
The funding round witnessed participation from several prominent investors. These include HTGF, OTB Ventures, D11Z Ventures, and Serpentine Ventures. Notable industry leaders also made angel investments. Among them are Fredrick Spalcke, former CPO of Phillips & Huawei, and Heiko Schwarz, CEO of riskmethods. Others include Markus Ehrle, VP and General Manager EMEA at ServiceNow, and Detlef Schultz, former CEO of Vodafone Procurement Company.
Mateusz Lukasik, Investment Director at OTB Ventures, commented:
“With the advent of LLMs, there is an opportunity to transform the strategic aspects of procurement decision-making. Founding teams that combine deep domain expertise with technical prowess will thrive in this environment. akirolabs fits the bill, and we are excited to support them.”
In addition to the funding success, akirolabs has appointed Jens Rassloff as the Chairman of its Advisory Board. This move is expected to further strengthen the company’s strategic direction and market presence.
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