Fairmarkit
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Fairmarkit

https://www.fairmarkit.com/
Last activity: 17.03.2025
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Categories: AutomationDataGoodsITLearnPlatformServiceSoftwareSupplyTime
Fairmarkit believes that effective spend management prioritizes automation and leverages data, allowing procurement teams to reorient their time and focus towards enabling strategic initiatives. By collaborating within the procurement ecosystem to understand customer needs, Fairmarkit empowers companies to leverage machine learning and artificial intelligence to create market competition, which minimizes manual touchpoints and maximizes spend.
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Location: United States, Massachusetts, Boston
Employees: 51-200
Phone: +1 800-558-8017
Total raised: $76.6M
Founded date: 2017

Investors 9

Funding Rounds 3

DateSeriesAmountInvestors
02.09.2022Series C$35.6M-
14.12.2020Series B$30M-
23.10.2019Series A$11M-

Mentions in press and media 35

DateTitleDescription
18.03.2025Debian 12.10: A Lucky Update for Your Linux SystemDebian Linux 12.10 has rolled out just in time for St. Patrick’s Day, bringing a fresh wave of security fixes and system updates. In a world where digital threats lurk like shadows, this update is a beacon of hope. It’s not just about luck;...
17.03.2025How GenAI is set to change procurement [Q&A]In recent years generative AI has made its way into many areas of business, helping to transform and streamline processes. However, its potential in the procurement space remains relatively unexplored. We talked to Kevin Frechette, CEO of F...
18.07.2023SDI and Fairmarkit Launch Fairmarkit Managed, powered by SDI: Revolutionizing Tail Spend ManagementJoin CEOs Chris Moore and Kevin Frechette as they discuss the Power of Collaboration Fairmarkit Managed is the groundbreaking culmination of Fairmarkit and SDI's joint dedication to innovation and supply chain enhancement. BRISTOL, Pa. and ...
12.07.2023Fairmarkit Sets New Standard in Security with Commitment to Never Share Customer Data to Train Third Party Models in Generative AI ProductsBoston, MA (PRWEB) July 12, 2023 Today, Fairmarkit, the autonomous sourcing platform transforming the procurement of products and services for enterprises, is proud to announce its commitment to maintaining the highest levels of security fo...
29.06.2023Novozymes Global Sourcing Enables Growth and Sustainability, Tackling Market Dynamics and Driving Supplier Diversity with Fairmarkit’s Autonomous Sourcing SolutionFairmarkit Logo “We’re honored to have a customer of Novozymes’ stature and are thrilled to help enable growth of their company and scale procurement operations as they expand,” said Kevin Frechette, Co-founder and CEO of Fairmarkit. BOSTON...
16.05.2023Fairmarkit Integrates with SAP S/4HANA to Automate Sourcing and Find Significant Tail Spend Savings for CustomersBOSTON (PRWEB) May 16, 2023 Fairmarkit, the autonomous sourcing solution transforming the procurement of goods and services for enterprises, today announces the integration of its solution with SAP's flagship enterprise resource planning sy...
02.09.2022Fairmarkit Raises $35.6M in Series C FundingFairmarkit, a Boston, MA-based automated sourcing platform for procurement of goods and services for enterprises, raised $35.6m in Series C funding. The round, which brought total funding to date to $78m, was led by OMERS Growth Equity with...
02.09.2022Fairmarkit Secures $35.6 Million Series C Funding to Help More Enterprises Optimize “Tail Spend”Named one of the Inc. 5000 fastest-growing companies, the SaaS platform expects to facilitate 200 thousand sourcing events this year Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for ...
01.09.2022Fairmarkit Scores $35.6M Series C Round BOSTON, MA, Fairmarkit has announced a $35.6 million Series C investment, bringing its total funding to date to $78 million. >> Click here for more funding data on Fairmarkit >> To export Fairmarkit funding data to PDF and E...
01.09.2022Fairmarkit’s AI-fueled platform delivers autonomous procurement sourcingCompanies tend to divide their procurement spending into two main buckets. The first is large purchases over $500,000 with some starting $1 million, depending on the size of the organization. Anything below that figure falls under a categor...
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