Simfoni, a San Francisco, CA-based digital solutions provider for Spend Intelligence and Spend Automation, raised $15 Million in Series B funding led by Peakspan Capital.
The company intends to use the funds to expand sales and marketing efforts.
Company: Simfoni Limited
Round: Series B
Funding Month: July 2021
Lead Investors: Peakspan Capital
Company Website: https://simfoni.com/
Software Category: AI-powered spend analytics solution
About the Company: Simfoni provides Chief Financial Officers with an Artificial Intelligence-powered platform to automate and streamline key aspects of the procurement process while reducing third-party expenditures across the entire organization. The company currently has over 100 customers across a wide range of industry sectors, including retail, financial services, manufacturing, technology, healthcare, and education, among others.