Kodiak Hub is an AI-powered supplier relationship management (SRM) SaaS that provides a modular, plug-and-play platform for procurement teams to gain a 360-degree view of supplier risk, resiliency, and performance. Its cloud-based platform automates supplier intake, qualification, performance monitoring, and compliance tasks using NLP, OCR, predictive analytics, and generative AI tools to simplify supplier classification and compliance follow-ups. The company manages over 250,000 suppliers across more than 20 industries and reports metrics including 80% faster supplier onboarding, 90% improved supplier engagement, 7–10% cost savings on total spend, and roughly 10 hours saved per user per week. Kodiak Hub plans to use new funding to scale its commercial and data analytics teams, enhance AI-driven capabilities, and serve U.S. customers as it expands into the U.S. market. Unlike legacy systems, its modular approach aims to deliver fast value with minimal implementation time to help procurement teams anticipate risks and optimize sourcing strategies. The company has been recognized in the ProcureTech 100 rankings for three consecutive years and named a "50 Providers to Watch" by Spend Matters.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2025