SupplyHive™, an innovative provider of Supplier Performance Management Technology, has raised $2 million in seed funding led by LOUD Capital with co-investors Revolution’s Rise of the Rest Seed Fund and Cleveland Avenue-CAST US.
Capital from this funding will allow the company to reach the next level of scale and impact by growing sales and marketing resources and furthering product development and integrations.
Round: Seed Round
Funding Month: July 2021
Lead Investors: Loud Capital
Additional Investors: Revolution’s Rise of the Rest Seed Fund and Cleveland Avenue's CAST US fund
Company Website: https://supplyhive.com/
Software Category: Supply management software>AI
About the Company: Headquartered in Chicago, SupplyHive™ is a technology company that provides Supplier Performance Management (SPM) software designed to help corporations improve efficiency by centralizing, standardize, scale, and automate the supplier performance process. SupplyHive™ uses the latest innovations of Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to analyze the aggregated quantitative and qualitative data. Our user-friendly interface helps organizations hold suppliers accountable and deliver enhanced partnerships by measuring KPIs, analyzing trends and identifies disparities, automating action plans, and providing predictive analytics.