# Suplari

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/suplari

- Industry: Software
- Headquarters: Seattle, US
- Website: www.suplari.com
- Total disclosed funding: $18M
- Latest round: Series A (Sep 4, 2019)
- Investors on record: 5

## About

Suplari, Inc. is a US-based provider of a sophisticated AI-driven procurement analytics platform that enhances decision-making and streamlines procurement processes for organizations.Founded in 2016 and headquartered in Seattle, US, Suplari, Inc. specializes in procurement analytics. The company was acquired by Microsoft in July 2021 from a group of investors including Amplify Partners, Madrona Venture Group, Shasta Ventures, Two Sigma Ventures, and Workday Ventures. The founder and CEO, Nikesh Parekh, has a history of leading innovative technology initiatives prior to launching Suplari. The company has successfully completed 5 funding deals, culminating in a Series A round that raised USD 5.00 mn, matching the total amount raised.Suplari offers an advanced AI-powered procurement analytics platform that streamlines procurement processes and enhances decision-making for organizations. Its core product allows users to perform detailed what-if analyses, formulate strategic procurement plans, and manage collaborative procurement activities. The solution addresses key needs such as forecasting supplier shortages, optimizing production schedules, and managing costs through real-time benchmarking of performance indicators. Suplari serves leading global brands across various sectors, providing valuable insights to procurement professionals, financial leaders, and corporate strategists in North America, Europe, and Asia-Pacific.Suplari operates on a subscription-based revenue model, granting large enterprise clients access to its AI-driven analytics platform. Typically, procurement departments subscribe to the platform to obtain insights that align with their corporate objectives. Clients choose from various pricing tiers based on the analytics and support they require, focusing on real-time decision-making for procurement activities which helps them handle complex market conditions effectively and gauge associated risks. This approach fosters long-term partnerships with enterprise clients while aligning procurement strategies with broader corporate financial goals.Following its acquisition by Microsoft in July 2021, Suplari aims to leverage Microsoft’s resources to enhance and expand its platform capabilities. The company is focused on designing new features and products that will be launched in the near future, although specific release dates have not been disclosed. Additionally, Suplari plans to expand its market presence in both Europe and Asia-Pacific by the end of 2023, utilizing the resources obtained from their Series A funding round to support these growth initiatives.

## Funding rounds

- Series A, Sep 4, 2019, $5M — Shasta Ventures, Madrona Venture Group, Two Sigma Investments, Amplify Partners, Workday Ventures
- Series A, Apr 5, 2018, $10M — Shasta Ventures, Madrona Venture Group, Amplify Partners, Workday Ventures
- Seed, Feb 2, 2017, $3.1M — Madrona Venture Group, Amplify Partners

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A
- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Seed, Series A
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series A
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series A
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series A