Series AB2BEnterprise Software
Enterprise procurement teams waste 40% of time on repetitive contract negotiations
ProcureAI · Founded 2024 · London
Approach
AI negotiation agent that benchmarks terms against market data and auto-redlines contracts to optimal positions
Company
ProcureAI
Total Raised
$22M
TAM
$12B
Target Market
Enterprise procurement (1000+ emp)
Revenue Model
Per-contract fee + platform SaaS
HQ
London
Founded
2024
Founder
NS
Nicholas Sherwood
Previous exit: Omnea
Investors
Accel · Index Ventures
Tags
AIProcurementLegal TechEnterprise