akirolabs logo

akirolabs

akirolabs is an AI-powered SaaS platform designed to elevate procurement from a tactical function to a strategic value driver orchestrating eco-systems. Our cutting-edge solution provides an easy-to-use and guided category management framework raising traditional category management to new heights by leveraging AI, fostering extended collaboration, and utilizing data from multiple sources. At the same time globally leading thought leaders and analysts recognize akirolabs as a breakthrough innovation and being on a trajectory to eliminate much of the traditional category management by augmenting collaborative human intelligence resulting in aligned procurement strategies with maximized, sustainable business value and purpose beyond savings! Our comprehensive category strategy management solution brings traditional category management to new heights by leveraging AI, fostering extended collaboration, and utilizing data from multiple sources and extending it beyond category taxonomy. With a purpose-driven focus, akirolabs emphasizes purpose and meaning, addressing the numerous ESG-related challenges organizations face and helping procurement earn recognition as more than just a cost killer.  Having won many prestigious awards and recognitions, akirolabs is a recognized leader in AI-driven procurement technology landscape. Some of our accolades include being shortlisted for the prestigious World Procurement Awards 2023 in the Procurement Technology Provider category, being named as one of the top 10 procure tech startups in the Digital Procurement world in 2022, and receiving the title of Gartner Cool Vendor 2022™ in Sourcing and Procurement Technology.

https://akirolabs.com/
11-50 employees

Growth Trajectory

Akiro can grow by expanding its AI-driven capabilities, further developing its akiroGPT large language model, and solidifying its position as a thought leader in global procurement. Focus on innovation in AI and machine learning for strategy consulting, coupled with the integration of ESG frameworks, offers significant growth potential and expansion into global procurement organizations.

Technical Challenges

Ensuring data accuracy and completeness for AI-driven analytics.
Seamlessly integrating with various existing procurement systems and data sources.
Overcoming the black box problem of previous AI models to ensure transparency.
Developing scalable solutions for spend management and supplier performance.
Maintaining data security and compliance with regulations like GDPR.

Tech Stack

AIMachine LearningWeb CrawlingData IntegrationSaaSLarge Language Models (akiroGPT)Blockchain TechnologyE-procurement SystemsRPAIoT

Team Size

Procurement Teams
Engineering Teams
Category Management Teams
Customer Success Teams

Key Risks

Overcoming the 'black box' problem of AI models to ensure transparency and explainability in decision-making.
Managing heterogeneous requirements of diverse business divisions to ensure platform strategies align with overall business goals.
Successfully integrating with existing procurement systems and data sources to provide seamless data flow.
Maintaining data security and integrity, especially with the use of cloud-based infrastructure and blockchain technology.
Ensuring supplier compliance with regulatory requirements and agreed-upon terms, considering the evolving role of procurement.

Opportunities

Leveraging AI and machine learning to fully automate strategy consulting in procurement.
Expanding into global procurement organizations seeking to optimize their direct and indirect spending strategically.
Developing advanced tools for forecasting, supplier management, and compliance using AI-driven insights.
Offering solutions to improve supplier relationships and reduce operational expenses.
Integrating sustainability and innovation into procurement strategies, aligning with ESG frameworks.
Live Data Stream

Access Our Live VC Funding Database

30,000+ funded startups

tracked in the last 3 months

B2B verified emails

of key decision makers

Growth metrics

Real-time company performance data

Live updates

of new VC funding rounds

Advanced filters

for sophisticated queries

API access

with multiple export formats