Scoutbee, founded in 2015 and headquartered in the United States, is revolutionizing the procurement landscape with its slogan: "Connecting buyers and suppliers through the world's richest AI-driven procurement network." The company's AI-powered platform is designed to assist Fortune 500 businesses in effectively identifying and assessing suppliers, promoting streamlined procurement processes that are smarter and more efficient.
Scoutbee operates at the intersection of several key industries including AI, Analytics, B2B, Big Data, Information Technology, Logistics, SaaS, and Machine Learning. The recent acquisition by Coupa is set to further enhance its capabilities in supplier discovery and intelligence, which could position Scoutbee distinctly in the supplier network space.
In terms of financial backing, Scoutbee secured a substantial $60.00M Series B investment in January 2020. This round was led by a notable set of investors including Toba Capital, Atomico, HV Capital, Next47, Lakestar, and 42CAP.