What Vertice does

Vertice is a London-headquartered AI procurement platform (legal entity Vertice Technology Inc., incorporated in the United States) that sells an end-to-end SaaS, cloud, and AI spend management solution to finance and procurement leaders across more than 30 countries. Founded in 2021 by Eldar and Roy Tuvey, the company addresses fragmented software purchasing through three top-level products — Intake-to-Procure (orchestration with dynamic intake, no-code workflow builder, vendor onboarding, contracts, budgets, risk, and analytics), SaaS Purchasing (expert-led negotiation with guaranteed savings), and Ana, an autonomous AI negotiation agent — supported by the Vertice AI suite of 50+ specialized agents trained on the company's proprietary dataset spanning $75B+ in processed spend, 32,000+ vendors, 2M+ price points, and 250,000+ negotiated contracts. The June 2026 acquisition of Vendr extended this dataset further and added US software pricing intelligence, bringing the combined platform to 60+ AI agents serving more than 1,000 customers including ARM, Brex, Duolingo, Twilio, and Santander.

The company monetizes primarily through annual subscription contracts for the orchestration platform, supplemented by managed expert-negotiation services, cloud cost optimization engagements (with claimed ~30% AWS savings and up to 60% on ECS/RDS reserved instances), and an emerging AI cost optimization module covering OpenAI, Anthropic, and Cursor spend. Go-to-market is enterprise sales-led with a "Book demo" primary CTA, paired with a PLG top-of-funnel comprising a free SaaS Savings Calculator and Procurement Maturity Assessment that route into inside-sales conversion. Pricing is quote-based with savings guarantees (typical 20%+ SaaS savings, 90-day payback) and the company advertises deep native integrations into ERP, TPRM, CLM, SSO, HRIS, and ticketing systems to embed workflows into customer systems of record.

Vertice has scaled rapidly, raising $25M in Series B (January 2024, led by 83North and Bessemer) and $50M in Series C (January 2025, led by Lakestar) for over $100M total disclosed funding, growing headcount 163% over two years while competitors Vendr (-39%) and Tropic (-6%) contracted. The company earned the #2 position on the Sunday Times Tech 100 2026 with 437% revenue growth, was named the overall market leader in the 2026 Lionfish Tech Advisors Report for SaaS Procurement, ranked #1 on G2 Summer 2026 for Procurement Orchestration, and was included in Forrester's Supplier Value Management Platforms Landscape (Q1 2026).

Name

Vertice

Legal name

Vertice Technology Inc.

Website

https://vertice.one

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

251–500 employees

Short description

Vertice is a London-headquartered AI procurement platform that combines SaaS purchasing, cloud cost optimization, and autonomous AI negotiation to help finance and procurement teams across 30+ countries cut software and infrastructure spend with guaranteed savings.

Ownership category

akta.pro rank

Product category

SaaS Procurement & Spend Management

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372), Services-Management Consulting Services (8742)

akta.pro primary industry

B2B SaaS & Enterprise Personalization (CRM, Sales, Support) (HDAAAGAJ)

Keywords

• SaaS procurement software
• Spend management platform
• Cloud cost optimization
• Vendor management software
• Contract lifecycle management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription (Intake-to-Procure Platform): Recurring SaaS subscription to the Vertice procurement orchestration platform — Intake-to-Procure workflows (Dynamic Intake, Workflow Builder, Vendor Onboarding, Budget Management, Risk Management, Pricing Benchmarks, Sourcing, Contracts, Insights Hub), with built-in AI agents. Primary commercial offer priced as a platform subscription with guaranteed savings (typically 20%+ savings and 8% average savings shown in customer outcomes).
2. SaaS Purchasing / Expert Negotiation Services: Outcome-oriented SaaS purchasing service combining subscription platform access with managed expert negotiation (procurement specialists acting as extension of customer team). Includes pricing benchmarks, contract lifecycle management, and usage analytics. Typically delivers 20% average savings with guarantee.
3. Cloud Cost Optimization (Reserved Instance / EDP services): Subscription platform + expert buyer services for AWS cloud cost reduction, including the Reserved Instance Optimizer and EDP/PPA negotiation. Typically reduces cloud spend by ~30% and up to 60% on ECS/RDS reserved instances.
4. AI Cost Optimization Module: Add-on module providing unified visibility, forecasting, and benchmarking of spend across AI providers (OpenAI, Anthropic, Cursor, etc.) with usage/commitment tracking and optimization recommendations.
5. Procurement & Spend Management Professional Services: Global team of procurement professionals offered as an extension of customer procurement teams — handles sourcing events (RFI/RFP/RFQ), vendor negotiations, and budget/spend advisory work. Delivered alongside the platform subscription.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

Vertice sells an AI-powered SaaS procurement and spend management platform that helps enterprises capture every purchase request, automate approvals, negotiate vendor contracts, and optimize SaaS, cloud, and AI spending. The platform combines an Intake-to-Procure workflow, SaaS purchasing with expert-led negotiation, cloud cost optimization, AI cost optimization, and Ana — an autonomous AI negotiation agent trained on the world's largest SaaS procurement dataset.

Product overview

Vertice offers an intelligent procurement platform that combines SaaS spend management, procurement orchestration, cloud cost optimization, AI cost optimization, and autonomous AI negotiation into a unified offering sold to finance and procurement leaders across 30+ countries. The platform is architected around three top-level products — Intake-to-Procure (procurement orchestration), SaaS Purchasing (expert-led negotiation and benchmarking), and Ana (the autonomous AI negotiation agent) — supported by the Vertice AI suite of 50+ embedded AI agents and a set of platform modules: Dynamic Intake, Workflow Builder, Sourcing, Expert Engage, Vendor Onboarding, Contract Center, Budget Management, Risk Management, Insights Hub, Usage Analytics, Pricing Benchmarks, Integrations, Cloud Cost Optimization, and AI Cost Optimization. The June 2026 acquisition of Vendr extended Vertice's pricing intelligence dataset to $75B+ in global indirect spend across 32,000+ vendors, 250,000+ negotiated contracts, and 2M+ price points, which now powers Ana's autonomous negotiation across the combined customer base of more than 1,000 organizations including ARM, Brex, Duolingo, Twilio, and Santander.

Differentiator

Problem solved

Functional benefit

Brands

• Ana: Vertice's autonomous AI negotiation agent, described as the world's most sophisticated negotiation agent, trained on hundreds of thousands of real-world vendor negotiations to negotiate directly with vendors.

Products and services

• Intake-to-Procure Procurement orchestration software that captures every purchase request, routes approvals automatically, and brings control to every purchase with dynamic intake and no-code workflows, integrating with tools employees already use.
• SaaS Purchasing Provides guaranteed savings on SaaS contracts via expert-led negotiation, real-time pricing benchmark data, and full visibility across renewals, usage, and spend across the SaaS stack.
• Ana (Autonomous Negotiation Agent) Autonomous AI negotiation agent trained on the world's richest SaaS negotiation dataset (32,000+ vendors, 2M+ price points, $75bn of real spend, 250k+ contracts) to negotiate SaaS renewals directly with vendors.
• Vertice AI Suite of 50+ embedded AI agents trained to complete 70+ procurement tasks, powered by the world's largest knowledge base of vendor data covering 32,000+ vendors, 250,000+ contracts, and 2M+ price points.
• Cloud Cost Optimization Automated cloud cost optimization solution that runs 100+ optimization tests across AWS (EC2, Lambda, S3, RDS), provides Reserved Instance Optimizer (RIO) with up to 60% savings, and supports EDP/PPA management.
• AI Cost Optimization Provides unified visibility, usage tracking, and forecasting of AI spend across providers (OpenAI, Anthropic, Cursor, etc.), with 90-day cost forecasts, commitment tracking, and recommendations to cut AI costs.
• Dynamic Intake Adaptive, conversational intake forms for every request type (new purchases, renewals, RFPs), accessible from a single URL or embedded in Slack/Teams, with Vertice AI extracting order form data to pre-fill request details.
• Workflow Builder No-code, drag-and-drop workflow builder that lets teams design purchasing workflows with custom routing, task assignment, and process automation without engineering support.
• Sourcing AI-powered supplier sourcing software that runs structured RFx events (RFI, RFP, RFQ), generates vendor shortlists from 32,000+ suppliers with market data and risk intelligence, and supports scoring/award decisions.
• Expert Engage On-demand procurement experts who partner with customer teams to negotiate SaaS contracts, run structured sourcing events, and execute savings strategies using detailed playbooks and vendor knowledge.
• Vendor Onboarding Centralized vendor data, risk, insights, tasks, and communications with full lifecycle visibility, including risk assessment across security, financial, legal, and compliance, and AI-powered renewal insights.
• Contract Center Contract repository with lifecycle tracking, ownership, key terms, renewals, document scanning, and AI-driven extraction of key details and compliance violations.
• Budget Management Spend management software that provides real-time budget visibility, forecast of expected utilization, prevention of over-commitment at intake, and integration with existing budget tools.
• Risk Management Third-party risk management (TPRM) software with continuously refreshed scores across security, legal, compliance, financial, and ESG, surfaced in workflows with AI-driven risk reviews.
• Insights Hub Procurement analytics software that tracks spend, savings, and ROI across the software portfolio with predictive insights, benchmarking, AI-powered recommendations, and a single dashboard.
• Usage Analytics Real-time usage data on software utilization and wastage, enabling license rightsizing, identification of underutilized tools, and reduction of wasted spend across the SaaS stack.
• Pricing Benchmarks SaaS pricing benchmark database covering 32,000+ vendors and 2M+ pricing points, with 250,000+ human-negotiated contracts, continuously refreshed for use in negotiation, contract risk analysis, and savings recommendations.

Quantifiable outcome

• 20%+ typical SaaS savings guarantee; 8% average savings and 1× ROI per customer outcome dashboard
• +12 more outcomes

Named customers25 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration69 records

AI capability13 records

Feature9 records

Partnerships

15 partnerships are on record, tiered flagship and core.

• VendrflagshipStrategic or Co-development Partner · 1 June 2026Vertice acquired Vendr in June 2026 to create what Vertice describes as the world's largest procurement intelligence dataset — combining data representing over $75B in global indirect spend across 32,000 vendors, 250,000+ negotiated contracts, and 2M+ price points. The combined entity operates more than 60 procurement AI agents supporting 1,000+ customers globally, and accelerates the training of the Ana autonomous negotiation agent.
• NetSuitecoreTechnology or IntegrationNative ERP integration enabling PO auto-creation, vendor record sync, and invoice reconciliation against contract values.
• CoupacoreTechnology or IntegrationNative ERP integration for spend management and PO synchronization.
• SAP AribacoreTechnology or IntegrationNative ERP integration for sourcing and spend management.
• Microsoft Dynamics 365 Business CentralcoreTechnology or IntegrationNative ERP integration.
• WorkdaycoreTechnology or IntegrationNative ERP/financial integration for spend management and PO reconciliation.
• SlackcoreTechnology or IntegrationNative communication integration enabling Vertice purchase-request intake, approvals, and renewal alerts directly inside Slack.
• Microsoft TeamscoreTechnology or IntegrationNative communication integration for intake, approvals, and renewal alerts.
• OktacoreTechnology or IntegrationSSO integration providing SaaS usage signals, license right-sizing, and Shadow IT detection.
• Microsoft Entra IDcoreTechnology or IntegrationSSO integration for SaaS usage and license management.
• IroncladcoreTechnology or IntegrationCLM integration triggering legal workflows directly from Vertice intake, with redlining and eSignature capabilities.
• OneTrustcoreTechnology or IntegrationTPRM integration that validates vendor certifications against governance, risk and compliance requirements within the procurement workflow.
• VantacoreTechnology or IntegrationTPRM integration that layers internal compliance assessments on top of Vertice vendor risk scoring.
• JiracoreTechnology or IntegrationTicketing integration that converts tickets into purchase requests and links approvals to IT provisioning tasks.
• ServiceNowcoreTechnology or IntegrationTicketing/business process integration with Vertice procurement workflows.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Coupa Software: Coupa is a broad spend management and procurement platform offering source-to-pay, invoicing, and supplier management for enterprises. Its source-to-pay capabilities overlap with Vertice's intake-to-procure workflow and serve as a potential alternative or integration partner (Vertice has a native Coupa integration).
• CloudHealth (VMware): CloudHealth by VMware is a cloud cost management and optimization platform for AWS, Azure, and GCP. Comparable to Vertice's Cloud Cost Optimization module (Reserved Instance Optimizer, automated savings tests) for cloud finance and engineering personas.
• SAP Ariba: SAP Ariba is a large incumbent procurement and supplier management platform used by global enterprises for sourcing, contract management, and supplier risk. Comparable to Vertice's Sourcing, Risk Management, and ERP-integrated procurement modules.

Direct peers

• Zylo: Zylo is a SaaS management platform focused on SaaS spend optimization, license management, and usage analytics. It competes with Vertice's Usage Analytics, Pricing Benchmarks, and Insights Hub modules for the SaaS spend visibility use case.
• Productiv: Productiv provides SaaS spend and usage intelligence with AI-driven insights for IT, procurement, and finance teams. Overlaps with Vertice's Insights Hub, Usage Analytics, and AI Cost Optimization modules, especially in shadow IT detection and license right-sizing.
• Vendr: Vendr was a direct competitor in SaaS pricing intelligence and procurement benchmarking until Vertice acquired it in June 2026. Vendr's pricing benchmark data now powers Vertice's combined procurement intelligence dataset ($75B+ spend).
• Zluri: Zluri is a SaaS management and spend optimization platform offering a workflow-based approach to SaaS governance, access management, and license optimization. Directly comparable to Vertice's Intake-to-Procure and Vendor Onboarding modules.
• Torii: Torii is a SaaS management platform that automates SaaS spend tracking, shadow IT discovery, and license optimization. Competes with Vertice on SaaS usage analytics, vendor onboarding, and renewals management for IT and finance teams.
• Tropic: Tropic is a SaaS procurement and spend management platform that helps mid-market and enterprise teams negotiate, manage, and optimize software subscriptions. Directly comparable to Vertice's SaaS Purchasing and procurement orchestration modules, targeting the same CFO and procurement personas.
• Sastrify: Sastrify is a SaaS purchasing and negotiation platform that helps companies source, negotiate, and manage software contracts. Closely comparable to Vertice's SaaS Purchasing and Ana negotiation offerings, serving similar finance and procurement buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/verticehq
• LinkedInlinkedin.com/company/verticeone

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vertice