Globality, a Palo Alto, CA-based company which specializes in AI-driven sourcing and procurement, raised $47M in Series D-1 and Series D-2 funding.
Backers included Rollins Capital, bringing the total capital raised to $356M.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Joel Hyatt, Globality is building an AI-first solution that empowers enterprises to spend smarter, providing domain-specific data, adaptive machine learning models refined for procurement, and Gen AI that guides the user through an intuitive, interactive, experience. Thought it, companies reduce costs by 10% – 20% across all their spend, while capturing 60% – 90% operating efficiencies and achieving better business outcomes.
Its Fortune 500 customers include Fidelity, Santander, British Telecom, Tesco, IQVIA, T. Rowe Price, Invesco, Hewlett Packard, Dropbox, and Allegis Global Solutions.
FinSMEs
22/10/2024