Coupa Buys Scoutbee to Improve Supplier Discovery

Coupa, the AI-driven platform for total spend management, announced it has signed a definitive agreement to acquire Scoutbee, an AI-powered supplier discovery platform.

By combining Scoutbee’s AI-driven search, extensive supplier network, and collaboration tools with Coupa’s platform and network of over ten million buyers and suppliers, businesses worldwide will gain enhanced transparency, efficiency, and speed in supplier discovery, onboarding, and transactions.

CEOs, CFOs, and CPOs face a constantly changing global trade landscape and need to quickly and safely establish new sourcing locations and supplier relationships to drive efficiency and profitability.

Scoutbee’s AI-powered platform enables businesses to gain deeper insights into suppliers, instantly identify new partners that meet their criteria, and make smarter, more profitable decisions—streamlining and accelerating the process of engaging with new suppliers.

At the same time, it helps suppliers expand their revenue by connecting with new business partners, simplifying verification, and speeding up contract finalization.

“Coupa and Scoutbee share a fundamental belief that better data leads to better AI, better decisions, and ultimately, a better world through more resilient supply chains,”

said Coupa Chief Product and Technology Officer Salvatore Lombardo.

“Together, we are creating the world’s most comprehensive, dynamic and data-rich network. This acquisition enables us to deliver a truly effortless buyer-supplier matching experience and further enhances our network that will power the future of global trade.”

“We founded Scoutbee with the premise that AI can transform real-time sourcing and procurement by enabling buyers and suppliers to seamlessly connect, collaborate, and transact,”

said Scoutbee Co-founder and CEO Gregor Stühler.

“Joining Coupa allows us to bring our mission to a global stage and provide an exceptionally data-rich and comprehensive buyer-supplier network and B2B marketplace at scale.”