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procure.blog

The latest news on AI in procurement — new platforms, funding rounds, enterprise adoption, and industry analysis.

Ramp hits US$44bn valuation and launches AI-powered procurement and spend tools

Fintech firm Ramp reached a US$44bn valuation as it introduced new automated procurement features, AI-based token and spend tracking, and an integrated accounting ecosystem aimed at helping global enterprises manage sourcing, approvals and spend under a single platform.

Procurement Magazine

Product LaunchesJun 9, 2026

Verdantix launches Atlas platform to help CPOs de-risk AI software procurement

Research firm Verdantix launched **Atlas**, an analyst-designed digital platform to guide enterprise technology buyers through AI and software procurement, helping them compare vendors, validate marketing claims and structure buying decisions.[5] The tool is aimed at CPOs and CIO

Procurement Magazine

Contract IntelligenceJun 8, 2026

Latest Contract Management News: From Digitisation to True Contract Intelligence

Procurement Magazine’s refreshed **Contract Management** section argues that in 2026 the gap between basic contract digitisation and advanced contract intelligence has become a multi‑trillion‑dollar differentiator for global procurement teams.[9] Coverage focuses on how AI‑driven

Procurement Magazine

FundingJun 7, 2026

Vertice acquires Vendr to create the world's largest procurement intelligence dataset

Vertice announced on June 1, 2026 that it is acquiring Vendr, combining software pricing data with procurement intelligence to support autonomous AI negotiation. The company says the merged dataset will be the largest of its kind in procurement.

PR Newswire

Product LaunchesJun 6, 2026

ADR International launches GenAI virtual tutor to upskill procurement professionals

ADR International introduced what it calls the world's first generative AI virtual tutor for procurement, built with CodeBaby technology to provide on-demand training, coaching, and scenario-based lea

PR Newswire

PartnershipsMay 12, 2026

Coupa Announces Partnership to Unify Supply Chain Design, Planning and Execution

Coupa has entered a new partnership introducing a unified Design-to-Plan approach to integrate supply chain design, planning, and execution for improved decision-making.

Procurement Magazine

Product LaunchesMay 11, 2026

JAGGAER Launches JAI AI Assistant for Sourcing, Supply and Spend Management

JAGGAER has launched JAI, a new AI-powered procurement assistant designed to enhance sourcing, supply chain operations, and spend management for global procurement leaders.

Procurement Magazine

ResearchMay 10, 2026

Icertis Named a Customers' Choice Vendor in 2026 Gartner Peer Insights for Contract Life Cycle Management

Icertis has been recognized as a Customers’ Choice vendor in the 2026 Gartner Peer Insights Voice of the Customer for Contract Life Cycle Management. The recognition highlights its AI-native contract

Business Wire

case studyMay 9, 2026

P&G Shifts Supply Chain 3.0 into Large-Scale Rollout Across Company

Procter & Gamble has entered full rollout of its Supply Chain 3.0 initiative, launched in 2023, integrating systems from customer order to production planning and procurement with automation and some

Supply Chain Dive

case studyMay 8, 2026

Pactum to Showcase Agentic AI Procurement Solutions on Stage with AstraZeneca at Coupa Inspire 2026

Pactum, the most advanced agentic AI platform for enterprise procurement execution, will join AstraZeneca on stage at Coupa Inspire 2026. The showcase highlights agentic AI solutions in source-to-pay

PR Newswire

FundingMay 7, 2026

SAP Acquires German AI Startup Prior Labs for €1 Billion Investment

SAP announced its intention to acquire German AI startup Prior Labs and invest €1 billion over four years to build an AI lab focused on structured enterprise data. The acquisition will integrate Prior

TechCrunch

case studyMay 6, 2026

Bissell Homecare Accelerates Supply Chain Planning with o9 Solutions Partnership

Home appliance manufacturer Bissell Homecare has reduced forecast modeling from multiple weeks to a few days through a multi-year implementation of o9 Solutions' cloud platform, including demand plann

Supply Chain Dive

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