scoutbee, a Wurzburg, Germany- and Arlington, VA-based developer of an AI-driven supplier discovery suite, raised $12M in Series A funding.
The round was funded and led by previous investors.
The company, which has raised a total of $15.5M in funding, will use the proceeds to:
– continue the innovation on its AI-powered applications, and
– drive awareness, demand and new customer acquisition for its products in the US and Europe.
Founded in 2015 and led by Lee Galbraith and Gregor Stühler, scoutbee has developed driven strategic sourcing technology which serves innovative manufacturers to improve supplier information and to streamline the supplier scouting and engagement process.
Customers such as Audi, Airbus and more than 40 other companies, globally, use scoutbee to access insights so they make confident strategic sourcing and purchasing decisions based on curated data that totals over 9 million suppliers.
The company expanded operations into the US market in January 2019 with its US headquarters in Arlington, VA.