Cube RM, a Zurich, Switzerland-based AI tender management platform helping enterprises discover, bid for, and win tenders globally, raised $8 million in Series A funding.
The round was led by Runa Capital, with the participation of the existing investor Marathon Venture Capital.
The company intends to use the funds to expand to other geographies and markets, including Manufacturing, Chemicals, and Hi-Tech industries, accelerate its product roadmap, working further on predictive pricing, AI/ML, automation for tendering, and global tender data coverage.
Company: Cube RM
Raised: $8.0M
Round: Series A
Funding Month: December 2021
Lead Investors: Runa Capital
Additional Investors: Marathon Venture Capital
Company Website: https://www.cuberm.com/
Software Category: AI tender management platform/revenue management software
About the Company: Led by Costas Economopoulos, and George Boretos, Cube RM provides an AI-driven platform for global tender management. The company helps large enterprises to manage, evaluate, and optimize tenders & sales quotes leveraging machine-learning, applied economics, and competitive intelligence. Cube RM is targeting pharmaceutical and medical equipment global companies for now and their product is used by companies like Boston Scientific ($BSX), Takeda ($TYO), Kemira($KEMIRA), Bavarian Nordic ($BAVA), and other Fortune 500 companies.
Source: https://www.finsmes.com/2021/12/cube-rm-raises-8m-in-series-a-funding.html