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AI procurement news, funding rounds, and platform launches. Twice a week, straight to your inbox.

procure.blog

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

Product Launches

AI procurement news in the product launches category.

All Platforms Spend Analytics Supplier Management Contract Intelligence Funding Partnerships Product Launches Enterprise Adoption Policy & Regulation Research Other

Product LaunchesJul 7, 2026

DPW New York: How Valdera's AI Reimagines Sourcing Workflows

At DPW New York, Valdera showcased its verticalised AI platform that automates complex direct materials sourcing workflows, bringing greater transparency and speed to category strategies in manufacturing and industrial procurement.[3] The session highlighted how AI-driven sourcin

Procurement Magazine

Product LaunchesJul 2, 2026

SAP announces live demos of next-gen SAP Ariba Sourcing, Contracts and Invoicing

SAP is promoting July live demo sessions for its next-generation SAP Ariba Sourcing, Contracts and Invoicing solutions, showcasing updated user experience and workflow enhancements across the source-to-pay cycle. The sessions are positioned to help enterprise procurement teams un

SAP Community

Product LaunchesJun 20, 2026

SAP previews agentic AI "Autonomous Spend" capabilities in source-to-pay suite

SAP used its June 2026 Procurement Monthly update and SAP Ariba materials to highlight upcoming "Autonomous Spend" features, positioning them as agentic AI add-ons that orchestrate and automate end-to-end source-to-pay workflows with specialized AI applications.[1][3][14] The upd

SAP Community

Product LaunchesJun 19, 2026

NPI launches PRISM to help enterprises shape IT renewal outcomes before vendors deliver a quote

NPI announced PRISM, a tool designed to give enterprise procurement teams leverage in IT renewal negotiations before suppliers issue pricing. The launch focuses on intelligence, alignment, and tactical precision for procurement-led negotiations.

Business Wire

Product LaunchesJun 17, 2026

Ivalua unveils Intelligent Virtual Agent to automate end-to-end Source‑to‑Pay

Ivalua detailed its new AI-based Intelligent Virtual Agent (IVA), describing it as a fully agentic system that can execute any Source‑to‑Pay process from day one, orchestrating sourcing events, supplier interactions and workflow automation for procurement teams.

Procurement Magazine

Product LaunchesJun 12, 2026

Ivalua Launches IVA Studio, Redefining How Procurement Works with AI

Ivalua unveiled **IVA Studio**, an AI workbench that lets enterprises design and orchestrate AI agents across sourcing, supplier management and spend workflows on its unified procurement platform, aiming to embed generative and predictive AI directly into day‑to‑day procurement p

PR Newswire

Product LaunchesJun 10, 2026

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

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

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

Product LaunchesMar 25, 2026

Project44 introduces AI Freight Procurement Agent in transportation platform

Project44 began offering an AI-driven agent in its transportation management system, automating carrier selection, cost benchmarking, and negotiation to reduce freight spend.

Project44

Product LaunchesMar 22, 2026

Green Cabbage launches AI Spend Cube for procurement benchmarking

Green Cabbage launched the AI Spend Cube, providing real-time market intelligence and analytics covering pricing and contract terms from 2,700+ major AI procurement deals. The tool is aimed at enterpr

PRNewswire

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