London startup Vertice has rapidly emerged in the expense management sector by focusing on AI to enhance software and cloud spending. With a 13x growth since inception, it raised $50 million in Series C funding led by Lakestar, pushing total funding to nearly $100 million. CEO Roy Tuvey highlighted the need for standardizing procurement processes, given that many organizations face disparate systems and pressures to save. Growing its customer base significantly, Vertice is poised for expansion across Europe, the U.S., and Asia Pacific, having secured notable clients like ASML and Santander.
A lot of companies today have very disparate solutions... procurement teams are generally under a lot of pressure to deliver savings and efficiencies.
With Vertice's business having grown 13x since it was founded less than three years ago, the startup has raised $50 million in new funding to expand its vision.
[Vertice] is designed to standardize companies' processes around how they buy anything, not just software and cloud.
The size of Vertice's customers has grown, too... the list numbers in the hundreds across Europe, the U.S. and Asia Pacific.
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