Beroe, a procurement technology startup, has raised $34 million in a funding round led by Relativity Resilience Fund, with participation from investors including Mukul Agrawal, Ashish Kacholia, Lashit Sanghvi, and Alchemy Long Term Ventures.
This fresh capital aims to turbocharge the development of Beroe’s AI-powered procurement ininformigence platform, expand its insights capabilities, and fuel strategic acquisitions to empower procurement managers worldwide with real-time, actionable ininformigence.
Founded in 2006 by Vel Dhinagaravel, Beroe was born out of his frustration with the fragmented data sources and opaque supplier markets that procurement teams face daily. His vision was clear: build a platform that would aggregate vast datasets and deliver actionable insights directly into procurement workflows, assisting teams create smarter, quicker sourcing decisions.
Today, Beroe’s platform serves more than 1,000 enterprise customers globally, including over 300 Fortune 500 companies. By consolidating pricing benchmarks, supplier risk signals, and market trfinishs, the AI-driven platform assists organisations anticipate disruptions, mitigate risks, and unlock greater sourcing value.
Beroe’s technology sets it apart from traditional procurement suites and point solutions through its interoperable, ecosystem-driven approach. Key strategic acquisitions underscore this differentiation: in March 2025, Beroe acquired nnamu, the world’s first game-theory-enabled autonomous neobtainediation solution, followed by its acquisition of Forestreet in September 2025, a specialist in AI-powered supplier and innovation scouting.
In a competitive landscape that includes giants like Ivalua, Zycus, Coupa, and SAP Ariba, along with consulting leaders such as EY and Kearney, Beroe’s AI-first, data-rich platform offers a distinct value proposition by seamlessly integrating diverse ininformigence sources in a utilizer-frifinishly interface.
“Beroe has built a differentiated and scalable procurement ininformigence ecosystem that is redefining how global enterprises approach sourcing. The successful raise of $34 million, backed by marquee investors, is a strong validation of its vision and execution,” declared Ramprasad Mathrubutham, Co-head of Investment Banking at InCred Capital.
With this funding, Beroe plans to deepen its AI capabilities, expand integrations with leading enterprise platforms, and pursue tarreceiveed acquisitions that fill gaps in its procurement workbench.
At its core, Beroe’s mission remains to empower procurement leaders with tools to embrace proactive, insight-driven sourcing that navigates volatility and maximises value in today’s complex global market.
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