What SupplyHive does

SupplyHive is a Chicago-based B2B SaaS company that provides Supplier Performance Management (SPM) and Supplier Relationship Management (SRM) software to large enterprises with complex supplier networks. Founded by Mike Anguiano after he interviewed procurement leaders at Fortune 1000 companies about supplier-tracking pain points, the company targets organizations still relying on spreadsheet-based supplier management. It sells through a consultative, enterprise-focused direct sales motion with quote-based annual subscription pricing that is not publicly disclosed.

The platform is composed of five core product modules: Supplier Matrix (consolidated supplier views with mirrored taxonomy), Hive Analytics (cross-dimensional aggregation of supplier scores), an AI-Powered Scorecard (machine-learning summarization of quantitative and qualitative data into actionable insights), Benchmark Quadrant (peer comparison against industry KPIs), and Trends (historical KPI tracking). These support three primary use cases: SPM, SRM with 360° stakeholder feedback, and Contract Performance monitoring. The platform is SOC 2 Type II certified and is positioned for rapid deployment — one case study documents onboarding 220 suppliers within two weeks.

SupplyHive operates an annual SaaS subscription revenue model, with named customers including McDonald's, Facebook, Abbott, Eaton, First Energy, CVS, Cummins, CBRE, and State Farm. The company is privately held and venture-backed, with approximately $5.86 million in disclosed funding across rounds from 2020 through 2022 from investors including Sixty8 Capital, Angeles Investors, Service Provider Capital, LOUD Capital, Cleveland Avenue, and Revolution's Rise of the Rest Seed Fund. It employs 11–50 people and is led by CEO Vishy Visweswaran, founder Mike Anguiano, Sales Lead Ryan Lakes, and Chairman Joseph High. The company has also built a technology partner ecosystem that includes Calathea, Marketdojo, Varisource, RGMA, ETL Works, Digital-Mirror.AI, and Certify My Company.

Name

SupplyHive

Legal name

SupplyHive

Website

https://supplyhive.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

SupplyHive is a Chicago-based B2B SaaS platform providing AI-powered Supplier Performance Management software to Fortune 500 enterprises. It enables supplier scorecards, 360° feedback, and relationship management, replacing spreadsheet-based tracking with a structured analytics platform.

Ownership category

akta.pro rank

Product category

Supplier Performance Management Software

NAICS

Custom Computer Programming Services (541511), Software Publishers (513210)

akta.pro primary industry

Supplier Relationship Management (SRM) & Performance Support (BPAAAJAH)

akta.pro secondary industries

Supplier Performance, Quality & Development (BPAHAHAI), Procurement & Strategic Sourcing (BPAHAHAB)

Keywords

• Supplier performance management
• Supplier relationship management
• Procurement analytics software
• Vendor scorecard software
• Supplier risk management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

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: Cloud-based Supplier Performance Management software offered as a subscription service. Platform provides supplier scorecards, ratings, relationship management, and contract performance tracking.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

SupplyHive provides a cloud-based Supplier Performance Management (SPM) and Supplier Relationship Management (SRM) SaaS platform that enables enterprises to streamline supplier scorecards, capture 360° multi-stakeholder feedback, track contract performance, and convert quantitative and qualitative supplier data into actionable insights through AI-powered analytics. The platform targets Fortune 500 procurement organizations across industries including consumer packaged goods, healthcare, manufacturing, retail, utilities, and real estate.

Product overview

SupplyHive is a Supplier Performance Management (SPM) software platform that provides a unified suite of tools for enterprise supplier management. The platform comprises multiple integrated modules including the Supplier Matrix for consolidated supplier views and categorization, Hive Analytics for cross-dimensional data aggregation, the AI-powered Scorecard for quantitative and qualitative performance insights, the Benchmark Quadrant for industry peer comparisons, and Trends for historical performance monitoring. Together with core SPM, SRM (Supplier Relationship Management), and Contract Performance capabilities, these modules work as an integrated system enabling enterprises to streamline supplier scorecards, capture 360° feedback, and strengthen supplier collaboration—turning data into action and partnerships into growth.

Differentiator

Problem solved

Functional benefit

Products and services

• Supplier Performance Management (SPM) Core SaaS offering that enables enterprises to streamline supplier scorecards, capture performance metrics, track supplier KPIs, and drive higher-performing suppliers through 360° feedback and AI-powered analytics. Designed for procurement leaders at Fortune 500 organizations.
• Supplier Relationship Management (SRM) Platform offering that strengthens supplier collaboration, manages relationships, and fosters transparent supplier partnerships through 360° multi-stakeholder feedback. Designed for enterprises seeking to grow their strategic supplier pool and become a 'customer of choice'.
• Contract Performance Platform offering for monitoring and managing supplier contract compliance and performance against agreed terms and deliverables. Supports enterprise procurement teams in tracking whether suppliers are meeting contractual obligations and identifying performance gaps.

Quantifiable outcome

• Onboarded 220 suppliers in 2 weeks with 50% increase in supplier participation rates
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Jaggaer: Jaggaer is a direct competitor in the source-to-pay and supplier management space, offering supplier performance, risk, and relationship management modules aimed at large enterprises. Like SupplyHive, it focuses on giving procurement teams visibility into supplier performance and KPIs, but operates at much larger scale.
• Ivalua: Ivalua provides a unified source-to-pay platform with strong supplier performance and SRM functionality for Fortune 500 buyers. It competes head-to-head with SupplyHive for enterprise procurement software budgets where supplier scorecards and 360-degree feedback are required capabilities.
• Zycus: Zycus offers an AI-driven source-to-pay suite that includes supplier performance management, risk monitoring, and relationship management modules. It is one of the closest direct peers in terms of positioning AI-native procurement analytics to enterprise customers.
• GEP: GEP provides procurement and supply chain software (SMART by GEP) along with managed services for large enterprises. Its supplier management capabilities directly overlap with SupplyHive's SPM/SRM focus, especially for Fortune 500 customers seeking AI-enabled analytics.

Broad incumbents

• Coupa Software: Coupa is a broad incumbent in spend management and BSM platforms serving large global enterprises. It offers supplier management as part of a much larger source-to-pay suite, often competing against standalone SPM vendors like SupplyHive in enterprise procurement deals.
• SAP Ariba: SAP Ariba is the largest incumbent in procurement and supplier management, serving most Fortune 500 companies. While it operates at vastly greater scale, its supplier performance and risk modules compete directly for the same enterprise budget as SupplyHive.
• Workday: Workday's procurement and supply chain management offerings compete broadly with SupplyHive for enterprise spend on supplier management. As a major enterprise software incumbent with significant AI investments, it represents both a competitor and potential ecosystem partner.

Emerging players

• LevaData: LevaData is an AI-powered supply chain analytics platform focused on direct materials sourcing and supplier risk/performance insights. It targets similar enterprise procurement buyers as SupplyHive but with a more analytics-and-insights emphasis rather than full SPM workflow.
• Tealbook: Tealbook provides an AI-driven supplier intelligence platform that enriches supplier data and supports supplier performance and risk decisions. It overlaps with SupplyHive in supplier data quality and analytics, but focuses primarily on the data layer rather than scorecards and QBR workflows.
• Syncari: Syncari is an emerging data unification and workflow automation platform that competes in adjacent supplier and procurement data spaces. While not a direct SPM suite, it overlaps with SupplyHive in serving data-driven procurement use cases at large enterprises.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/supplyhive
• Facebookfacebook.com/SupplyHive
• LinkedInlinkedin.com/company/getsupplyhive

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds5 records

Investors6 records

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

M&A

Investments

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

Frequently asked questions about SupplyHive