When was Procure AI founded?

Procure AI was founded in 2020 and raised its 1st funding round 5 years after it was founded.

Where is Procure AI located?

Procure AI is headquartered in London, United Kingdom. It is registered at 2ND FLOOR CONNAUGHT HOUSE 1-3 MOUNT STREET,ENTRANCE VIA DAVIES STREET,LONDON,W1K 3NB.

How many employees does Procure AI have?

As of Mar 31, 2026, the latest employee count at Procure AI is 41.

Is Procure AI a funded company?

Procure AI is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 05, 2025.

When was the latest funding round of Procure AI?

Procure AI's latest funding was a $***** Seed round on Nov 05, 2025, with participation from 3 investors.

Where does Procure AI rank among its competitors?

Procure AI ranks 5th amongst 41 active competitors, of which 8 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was GeneralMind, which secured $12M in Jan, 2026.

Who are the top competitors of Procure AI?

Procure AI's top competitors include Zycus, Procol and Corcentric. Among them, GeneralMind secured the most recent funding round in January, 2026.

Procure AI - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of augmented procurement intelligence platform, for enterprises to run procurement tasks through AI. It is an intelligent procurement management platform that uses AI for enterprises in running procurement tasks. It provides in-depth procurement intelligence through real-time data analytics. It helps companies to optimize their sourcing and purchasing activities, manage risks, and operational efficiencies.

Website: www.procure.ai/
Email ID: *****@procure.ai
Registered Address: 2ND FLOOR CONNAUGHT HOUSE 1-3 MOUNT STREET,ENTRANCE VIA DAVIES STREET,LONDON,W1K 3NB

Key Metrics

Founded Year

2020

Location

London, United Kingdom

Stage

Seed

Total Funding

$13M in 1 round

Latest Funding Round

Seed, Nov 05, 2025, $*****

Investors

Headline & 2 more

Ranked

5^th among 41 active competitors

Employee Count

41 as on Mar 31, 2026

Similar Companies

Zycus & 39 more

View Procure AI's full profile

Procure AI is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROCUREAI LTD CIN: 12564716 , United Kingdom, Active	Apr 19, 2020	-	5 (As on Apr 30, 2024)

Procure AI has raised a total funding of $13M over 1 round. Its latest funding round was a Seed round on Nov 05, 2025 for $*****. 3 investors participated in its latest round. Procure AI has 3 institutional investors.

Here is the list of recent funding rounds of Procure AI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 05, 2025	3964963	Seed	5225206	5785215	7080529	5073095

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View details of Procure AI's funding rounds and investors

The founders of Procure AI are Yves Bauer and Konstantin Von Bueren.

Here are the details of Procure AI's key team members:

Yves Bauer: Co-Founder of Procure AI.
Contact Info: 1 email address
Konstantin Von Bueren: Co-Founder of Procure AI.
Contact Info: 1 email address

View details of Procure AI's Founder profiles and Board Members

Procure AI's employee count trend

Procure AI has 41 employees as of Mar 26. Here is Procure AI's employee count trend over the years:

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Top competitors of Procure AI include Zycus, Procol and Corcentric. Here is the list of Top 10 competitors of Procure AI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zycus 2001, Princeton (United States), Unfunded	Provider of AI-powered source-to-pay procurement software solutions	-	-	65/100
2nd	Procol 2018, Delhi (India), Series A	AI-based platform automating procurement processes	$11.2M	GMO Venture Partners, Surge & 31 others	61/100
3rd	Corcentric 1998, Mclean (United States), Public	Provider of source-to-pay, order-to-cash, and fleet management business solutions	$81.2M	Bregal Sagemount, Union Bank Of India & 3 others	59/100
4th	Kavida AI 2020, London (United Kingdom), Acquired	Developer of AI agents for procurement, sourcing, and sales automation	$1.57M	QIMA, PDS Multinational & 16 others	55/100
5th	Procure AI 2020, London (United Kingdom), Seed	Provider of augmented procurement intelligence platform, for enterprises to run procurement tasks through AI	$13M	Headline, C4 Ventures & 1 others	52/100
6th	GeneralMind 2025, Berlin (Germany), Seed	Provider of AI platform automating supply chain operations and workflows	$12M	Lakestar, Heliad & 6 others	42/100
7th	Tacto 2020, Munich (Germany), Series A	Provider of procurement intelligence platform for industrial purchasing and supply chain	$59.7M	UVC Partners, Visionaries Club & 10 others	42/100
8th	Lhotse 2020, Berlin (Germany), Seed	Provider of AI-driven solutions that refine and streamline procurement processes	$5.91M	SquareOne, Cavalry Ventures & 8 others	41/100
9th	Growthfile 2019, Delhi (India), Seed	Offers web-based accounts payable automation solution for finance teams	$446K	LetsVenture, Finana Partner & 43 others	36/100
10th	Adquira 2000, Madrid (Spain), Acquired	Provider of buyers and suppliers with negotiation and purchase management solution	-	-	33/100