Spend Matters Names Scoutbee in its 2022 “50 Providers to Watch” List for the Second Consecutive Year

AI-powered supplier intelligence provider recognized for its innovative and powerful solutions

ATLANTA–(BUSINESS WIRE)–Scoutbee, the leading AI-powered supplier intelligence and discovery platform, today announced it has been recognized as one of Spend Matters’ “50 Providers to Watch” for 2022.

Each year, the “50 Providers to Watch” list recognizes fast-rising companies in the procurement and supply chain market. These are the up-and-coming solution providers that continue to grow and develop innovative products propelling the market forward. The Spend Matters annual “50 Providers to Watch” list is determined by the entire Spend Matters analyst team to represent the best of the commercial providers that serve enterprise-level procurement organizations.

“We’re delighted to have made the cut for this highly anticipated list,” said Scoutbee Co-founder and CEO Gregor Stühler. “Being featured in “50 to Watch” confirms the innovative power of our solutions and speaks volumes about the impact we’ve created for our customers. From the pandemic, to the trade war between the U.S. and China, to the war in Ukraine, the role of procurement is changing and has never been so strategic. But procurement leaders need to stay agile and leverage strategic insights while working within a changing data environment which is where our solutions have been adding a lot of value.”

Stühler went on: “We’re proud that procurement leaders see us as a strategic investment in the future. With supplier data serving as the foundation of our solution, we look forward to being a flexible partner in accelerating our customers’ sustainability, risk, and diversity goals.”

Nick Heinzmann, VP of Research at Spend Matters, adds: “Enriched, valid supplier data is the digital gold of the 2020s. Scoutbee is a vendor worth watching because it applies this invaluable dataset, combined with strong manufacturing experience, both to accelerating supplier discovery and tendering, and to creating a stronger supplier data foundation, including for risk and ESG criteria.”

Scoutbee Co-founder and CEO Gregor Stühler, and Roger D. Blumberg, Senior Vice President of Global Marketing, will receive the Spend Matters recognition in person later today during the SIG Global Executive Summit (Omni Rancho Las Palmas Resort & Spa, Rancho Mirage, CA). This coming Wednesday, October 19th (3:40 PM – 4:40 PM – PT | Room: Fiesta 6), Gregor Stühler will also lead a roundtable on how to identify and mitigate risks in your supply chain.

About Scoutbee

Powered by AI and Big Data, Scoutbee enables faster end-to-end strategic sourcing processes with up to 90% less effort versus traditional methods. By providing comprehensive and dynamic supplier data, Scoutbee facilitates proactive sourcing decisions that strengthen supply chain resilience, improve sustainability, drive innovation, reduce time to market, and increase diversity. Scoutbee is trusted by industry leaders in automotive, fast-moving consumer goods, energy and utilities, and off-road vehicles. Having won many prestigious awards, including Unilever’s 2022 “Partner with Purpose”, Scoutbee is a recognized leader in AI-driven procurement technology. Backed by HV Capital (formerly HV Holtzbrinck Ventures), 42cap, Toba Capital, Atomico, Lakestar, and Next47, Scoutbee has raised $76m in funding to date. For more details, visit the website and follow Scoutbee on LinkedIn, Twitter and YouTube.

About Spend Matters

Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.

Contacts

Media

For Europe: Val De Oliveira
val.deoliveira@scoutbee.com
+49 17683 203959

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For the US: Elle Lynott (Corporate Ink for Scoutbee)
scoutbee@corporateink.com
+1 617.969.9192