20. Scoutbee

Company: Scoutbee

Founder(s): Gregor Stühler

Website: https://scoutbee.com/

Description: Scoutbee delivers AI-driven, smarter supplier discovery for procurement leaders.

 

Logo-for-Scoutbee

 

Founded in 2015 by procurement, operations and engineering experts, Scoutbee’s mission is to be the fastest, easiest, and most effective way to find suppliers and optimise the use of supplier data. Scoutbee helps the right purchasers and the right suppliers connect, anywhere in the world.

Powered by AI and continuously curated data, Scoutbee tracks millions of data points to build a supplier knowledge base with deep insights and tools to help purchasers scale their strategic sourcing. Scoutbee’s AI identifies up to 180 times more suppliers, 75% faster, and enhanced supplier information management – automated, centralised, optimised.

Scoutbee works with multi national clients across many sectors including automotive, engineering, FMCG, resources & energy, chemicals and pharma. Clients include Siemens, Audi, SEW Eurodrive, Linde and Karcher. Optimised supplier market intelligence leads to better access to innovation, increased resilience, cost reduction, sustainability and reputational gains.

Scoutbee offers its strategic sourcing solution in Europe and in the US. The company was named one of Gartner’s 2020 “Cool Vendors” in Sourcing and Procurement for Supply Chain, and was “Highly Commended” for technology at the World Procurement Awards 2019. Scoutbee is also a member of the World Economic Forum’s Global Innovators Community with a focus on the future of advanced manufacturing and production.

Scoutbee has to date raised $76M in funding from investors including Atomico, Lakestar, Next47, Toba Capital, HV Holtzbrinck Ventures and 42CAP.