Cavela, a San Francisco, CA-based AI-powered platform for businesses to optimize matching and negotiation with suppliers, raised $2m in funding.
The round led by XYZ Venture Capital, with participation from Propel Ventures and Go Global Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by Anthony Sardain, CEO, Cavela provides a platform that enables brands and businesses to source products, using AI-driven automation to connect them with premium manufacturers worldwide at optimal cost. Cavela’s AI agents automate the steps of finding, negotiating, and coordinating with a network of premium suppliers around the world, reducing the process from 1,000 touch points to 10 and saving hundreds of hours of work. By allowing them to engage with hundreds of suppliers at once, Cavela enables brands to access better supplier matches, and receive lower quotes.
FinSMEs
12/09/2024