Founded in 2020 and based in Košice, Definic provides a vendor intelligence platform that assesses IT vendors across thousands of data points including delivery track records, case studies, and live market pricing. Its product aims to make vendor selection more data-driven by surfacing relevant vendors and market pricing to procurement teams. Definic reports that enterprise customers have shortened tender cycles from months to weeks and reduced IT vendor expenses by as much as 20%. In a cited customer engagement with a major Central European bank, the platform helped identify more than 90 relevant vendors, cut tender time from six weeks to two, and delivered €1.2 million in savings on €5.4 million of vendor spend in the first five months of 2026. The company plans to use its new Seed funding to accelerate product development and expand into the DACH region, the UK, and the United States.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2026