Artificial Intelligence | Machine Learning | Machine Perception Fairmarkit | Intelligent Sourcing Platform


Enterprise, Supply Chain Management, Procurement, Purchase Automation Boston, Massachusetts, United States

Fairmarkit

Artificial Intelligence | Machine Learning | Machine Perception


Fairmarkit | Intelligent Sourcing Platform

Fairmarkit

Supply Chain Management, Procurement, Purchase Automation


Boston, Massachusetts, United States

Fairmarkit is the intelligent sourcing platform that empowers organizations to more efficiently purchase the goods and services they need. By equipping procurement and supply-chain teams with automation and data, Fairmarkit promotes competitive bidding while reducing manual work within existing processes. Leveraged by innovative procurement departments across a number of industries, such as Univision, ServiceNow, and the MBTA, Fairmarkit aims to revolutionize the way organizations make purchases. 

Procurement and supply chain are undergoing a monumental shift—they are embracing digital transformation to become more strategic partners and achieve remarkable outcomes. At Fairmarkit, we are here to power that transformation. Our automated sourcing platform gives procurement teams what they need to be more efficient with every purchase. Fairmarkit enables organizations to purchase the goods and services they need. Using data and automation, we promote market competition to drive impactful results. Headquartered in Boston, Team Fairmarkit works every day to revolutionize the way organizations make purchases. We also have a lot of fun while doing it. It really is the best of both worlds. Easily create RFxs, review supplier responses, and award bids—all in one place. Touchless intake, streamlined supplier communication, and automatic bid collection minimize the burden of competitive sourcing. Our recommendation engine automatically identifies the best suppliers for your purchases. 

 
 

   Total Funding: $77.5M

   Funding Stage: Series C

   Business Stage: Scaling Up

   Market: B2B

   Company Size: 101 to 250

   Founded: 2017

Aug 2022

  • Fairmarkit Won 2022 Stevie Award
 
 

Date

Round

$ Raised

Investors

09/05/2022

Series C

$35.6M

OMERS Growth Equity, GGV Capital, Insight Partners, HighlandX, ServiceNow

Date : 09/05/2022

Round: Series C

$ Raised: $35.6M

Investors: OMERS Growth Equity, GGV Capital, Insight Partners, HighlandX, ServiceNow

 

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Kevin Frechette


Kevin Frechette
CEO & Co-Founder

Victor Kushch


Victor Kushch
CTO & Co-Founder

Ben Winter

Ben Winter
Head of Marketing/CMO

Celeste Ackert

Celeste Ackert
Chief Financial Officer

Kevin Turner

Kevin Turner
Chief Customer Officer

 
 

Fairmarkit is growing. Want to work at Fairmarkit? Fairmarkit is hiring. Join team at Fairmarkit

 

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