The Hackett Group: AI Deployment in Procurement Nearly Doubled Year-over-Year

A new study reports that AI deployment in procurement has nearly doubled year-over-year, with AI-enabled technology now a top three executive priority; early gains occur in contract management, spend

TheHackettGroup

Kai and Nexthop AI close major funding; $125M and $500M rounds announced

Kai, specializing in cybersecurity for procurement, closed a $125 million round, and Nexthop AI, focusing on AI infrastructure including procurement, secured $500 million in new funding in recent AI s

AIFundingTracker

Procure AI raises $13M to scale autonomous procurement platform

Procure AI closed a $13 million funding round to deploy its AI-native procurement platform featuring 50+ agents, aiming to automate sourcing, contracting, and purchasing for enterprises.

TechEU

ORO Labs Secures $100M Funding to Scale AI-Powered Procurement Orchestration

ORO Labs has successfully raised $100 million in new funding to expand its procurement orchestration platform globally. The platform utilizes AI to streamline and automate complex procurement workflow

Spend Analytics and Risk Dashboards Are Central to 2026 Enterprise Procurement AI

Dashboards offering AI-powered spend analytics and risk detection have become core features in top procurement platforms such as Vertice, Tropic, and Vroozi, according to major 2026 platform evaluatio

Vertice

AI gives procurement 3.7x more resilience but overconfidence blocks progress

A recent industry survey highlights that while AI increases procurement resilience, many leaders overestimate their readiness, hindering effective technology adoption.

BriefGlance

Autonomous Agentic AI Systems Reduce Decision Latency in Supply Chain Procurement

Enterprises deploying agentic AI systems achieve double-digit efficiency gains and reduce decision latency from days to seconds in procurement operations.

Dataiku

86% of Enterprises Plan to Scale AI in Procurement by 2026

Recent analysis finds 86% of organizations intend to implement or scale AI procurement solutions by 2026, with spend analytics, contract intelligence, and autonomous workflows accelerating adoption an

Tropic

Federal regulations to require government approval for nearly all AI chip exports

Draft U.S. Commerce Department rules will mandate company-level approval for most AI chip exports, impacting data center and procurement strategies for AI infrastructure worldwide.

FGSGlobal

Lio Raises $30M to Scale AI Procurement Automation Platform

Lio raised $30 million to expand its AI-powered procurement platform, focusing on automating workflows, reducing enterprise purchasing costs, and improving efficiency.

Ventureburn