The Rise of Sagetap: Revolutionizing Enterprise Software Procurement
May 29, 2024, 3:33 pm
Discover how Sagetap is changing the game with its AI-driven marketplace for enterprise software procurement, connecting buyers and sellers in a whole new way.
Sagetap, a San Francisco-based startup, has raised a whopping $6.8 million in funding to fuel its mission of transforming the way companies buy and sell enterprise software. With backers like NFX, Uncorrelated Ventures, Emergent Ventures, and even 15 active customers, Sagetap is making waves in the tech industry.
Founded in 2019 by Sahil Khanna and Kevin Hughes, Sagetap is on a mission to simplify the complex world of enterprise software procurement. By leveraging artificial intelligence, Sagetap matches tech executives with the perfect software vendors, creating a seamless and efficient buying experience.
Tech executives from top companies like Nvidia, JP Morgan Chase, Kaiser Permanente, and Airbnb are already using Sagetap to discover new SaaS tools and solutions. With Sagetap, buyers can anonymously create profiles detailing their technology stack, initiatives, and success criteria, allowing the AI-powered recommendation engine to match them with the most credible and relevant vendors.
But Sagetap's journey is just beginning. The startup faces the challenge of building liquidity and reaching critical mass on both sides of its marketplace. Convincing buyers that its AI can surface worthwhile vendors and persuading sellers that it can connect them with the right decision-makers will be key to Sagetap's success.
With $6.8 million in new funding, Sagetap has the runway it needs to crack the code on modernizing software procurement. If their vision plays out, Sagetap could accelerate the consumerization of enterprise software buying, making it easier for individual developers and business units to procure the tools they need.
In a world where change is constant and innovation is key, Sagetap is leading the charge towards a more efficient and effective way of buying and selling enterprise software. With their AI-driven marketplace, they are revolutionizing the industry and paving the way for a brighter future in tech procurement.
Sagetap, a San Francisco-based startup, has raised a whopping $6.8 million in funding to fuel its mission of transforming the way companies buy and sell enterprise software. With backers like NFX, Uncorrelated Ventures, Emergent Ventures, and even 15 active customers, Sagetap is making waves in the tech industry.
Founded in 2019 by Sahil Khanna and Kevin Hughes, Sagetap is on a mission to simplify the complex world of enterprise software procurement. By leveraging artificial intelligence, Sagetap matches tech executives with the perfect software vendors, creating a seamless and efficient buying experience.
Tech executives from top companies like Nvidia, JP Morgan Chase, Kaiser Permanente, and Airbnb are already using Sagetap to discover new SaaS tools and solutions. With Sagetap, buyers can anonymously create profiles detailing their technology stack, initiatives, and success criteria, allowing the AI-powered recommendation engine to match them with the most credible and relevant vendors.
But Sagetap's journey is just beginning. The startup faces the challenge of building liquidity and reaching critical mass on both sides of its marketplace. Convincing buyers that its AI can surface worthwhile vendors and persuading sellers that it can connect them with the right decision-makers will be key to Sagetap's success.
With $6.8 million in new funding, Sagetap has the runway it needs to crack the code on modernizing software procurement. If their vision plays out, Sagetap could accelerate the consumerization of enterprise software buying, making it easier for individual developers and business units to procure the tools they need.
In a world where change is constant and innovation is key, Sagetap is leading the charge towards a more efficient and effective way of buying and selling enterprise software. With their AI-driven marketplace, they are revolutionizing the industry and paving the way for a brighter future in tech procurement.