scoutbee provides a SaaS-based smart procurement technology platform that leverages AI and big data to generate supplier and product insights. At the centre of its offering is ARTIMIS, an AI that continually mines vast data and centralizes supplier and product details across hundreds of dimensions and languages. Its Streamline product manages the RFI/RFP process end-to-end, while DeepSee compiles customer-specific data lakes and live profiles using third‑party data sources. The company serves multinationals including Audi, Airbus, Caterpillar and Bosch, plus 75+ other companies worldwide. Founded in 2015 and led by Gregor Stűhler, scoutbee is based in Berlin and Washington D.C. It intends to use the new funding to accelerate R&D, grow customers and expand the team. scoutbee builds an AI-driven supplier discovery suite that uses curated data to streamline supplier scouting and engagement for manufacturers. Its platform aggregates over 9 million supplier records to provide sourcing insights. Customers include Audi, Airbus and more than 40 other global companies. Founded in 2015 and led by Lee Galbraith and Gregor Stühler, the company expanded into the US in January 2019 and maintains offices in Wurzburg, Germany and Arlington, VA. Financially, scoutbee has raised $15.5M in total funding, including a $12M Series A. The company plans to use the Series A proceeds to continue innovating its AI applications and to drive awareness, demand and new customer acquisition in the US and Europe. scoutbee offers a digital supplier platform and global search engine that helps customers find suppliers, digitize the tendering process, and centralize supply‑chain visibility. Its machine learning algorithms collect and aggregate records, automatically create supplier profiles, and categorize suppliers. The startup was founded in 2015 and is based in Würzburg. scoutbee has reported reaching “seven‑digit sales figures” and counts clients such as Audi and Bosch Rexroth. The company plans to use the new funding to expand into the U.S. and open an office there. The product focus is on making supplier networks more transparent and streamlining strategic purchasing for enterprise customers.

Total raised

$76M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2020