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scoutbee is a technology company.
scoutbee has raised $80.0M across 4 funding rounds.
Key people at scoutbee.
scoutbee has raised $80.0M in total across 4 funding rounds.
Scoutbee develops an artificial intelligence-driven platform designed to enhance the business-to-business buying process. The company offers a smarter supplier discovery suite, leveraging AI and continuously curated data to track millions of data points. This technology helps procurement teams identify and engage with suitable suppliers more efficiently by providing actionable insights.
The company was co-founded in 2015 by Gregor Stühler, who serves as CEO. The foundational insight behind Scoutbee was the need to modernize supplier discovery through artificial intelligence, aiming to build products that could significantly impact global procurement. By 2017, the team had already built and deployed sophisticated large language models to realize this vision.
Scoutbee’s platform serves procurement teams seeking to optimize their supplier base and sourcing processes. The long-term vision centers on matching millions of suppliers to billions in spend, providing unparalleled AI-driven insights to foster connections between buyers and suppliers, and transforming how organizations engage with their supply chains.
Scoutbee is an AI-powered procurement software company that builds a platform for supplier discovery, enabling organizations to quickly identify global suppliers, streamline sourcing, and manage supply chain risks.[1][2][5] It serves procurement teams at major enterprises like Audi, Siemens, Unilever, Walmart, and Dollar General, solving inefficiencies in manual sourcing by automating supplier matching, risk mitigation, and sustainability compliance through a proprietary large language model analyzing internet-wide data.[1][4][5] Scoutbee delivers 8-11% average savings on contract values and has facilitated billions in savings since launch, with strong growth evidenced by a $60M Series B in 2021 and acquisition by Coupa to enhance its buyer-supplier network.[2][4]
Scoutbee was co-founded in 2015 by Gregor Stühler, who aimed to transform global procurement by connecting the right buyers and suppliers efficiently amid rising supply chain complexities.[1][2] The idea emerged from the need for insightful, transparent sourcing in an era of geopolitical tensions and sustainability demands, leveraging AI and big data to automate what was previously manual.[2] Early traction included saving billions for users, a "Highly Commended" nod at the 2019 World Procurement Awards, and rapid expansion to a global team from over 20 countries; by 2021, it targeted $10B annual savings and $100B trading volume.[2] A strategic shift to San Francisco advanced its AI vision, culminating in Coupa's acquisition to scale its platform globally.[3][4]
Scoutbee rides the wave of AI-driven supply chain digitization, addressing post-pandemic disruptions, geopolitical shifts, and sustainability mandates that demand resilient, transparent global sourcing.[2][4] Its timing aligns with surging procurement tech adoption, where CEOs and CPOs seek instant supplier options amid volatile trade; by 2025, integration with Coupa amplifies this, powering intelligent B2B marketplaces at scale.[4][7] Market forces like rising costs and LLM advancements favor its data-rich approach, influencing the ecosystem by enabling faster transactions, revenue growth for suppliers, and industry-wide efficiency—positioning it as a key enabler in a $100B+ trading volume potential.[2][5]
Post-Coupa acquisition, Scoutbee will deepen AI enhancements for real-time sourcing, expanding its network to dominate supplier intelligence amid growing supply chain volatility.[4][6] Trends like advanced LLMs, regulatory compliance, and nearshoring will propel its growth, evolving from standalone platform to core Coupa engine for global trade. This trajectory reinforces its founding mission, transforming procurement into a strategic advantage for resilient enterprises.[3][4]
Key people at scoutbee.
scoutbee has raised $80.0M in total across 4 funding rounds.
scoutbee's investors include Hiro Tamura, Fifth Wall, HV Capital, InReach Ventures, Javelin Venture Partners, Mucker Capital, Pitbull Ventures, Tribe Capital, Matt Coffin, 42CAP, Lakestar, Next47.
scoutbee has raised $80.0M across 4 funding rounds. Most recently, it raised $60.0M Series B in January 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2020 | $60.0M Series B | Hiro Tamura | Fifth Wall, HV Capital, InReach Ventures, Javelin Venture Partners, Mucker Capital, Pitbull Ventures, Tribe Capital, Matt Coffin, 42CAP, Lakestar, Next47, Toba Capital |
| Jun 1, 2019 | $12.0M Series A | HV Capital, InReach Ventures | |
| Nov 5, 2018 | $4.0M Other Equity | 42CAP, HV Capital | |
| Nov 1, 2018 | $4.0M Seed | HV Capital, InReach Ventures |
