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PAAS

Full company profile

uuid0003i9s

Namestring
PAAS
Websiteurl
paasadvisors.com
Company typeenum
Public
Founded yearint
2019
Short descriptiontext

PAAS is a privately held spend analytics SaaS company founded in 2019, serving Technology-sector customers with AI- and ML-driven spend analysis. Based in Cranberry, US, with 11–50 employees and seed funding from Heller Capital Group.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersCranberry, United States
HQ citystring
Cranberry
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
spend analytics software, procurement analytics, AI spend management, technology spend platform, SaaS procurement intelligence
Industry1 code
PRIMARYHDABAAAF
Data & Analytics Platforms (Data Warehousing, Lakes, Streaming)
Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Public Cloud Infrastructure (IaaS/PaaS)
NAICS code1 code
  • Software Publishers513210
SIC code1 code
  • Services-Prepackaged Software7372
Product category
Spend Analytics Software
Social media profiles2 records
Revenue model2 records
1Silver Production
TypeOne Time License
Description

Revenue generated from silver mining and production operations

seekingalpha.com
2Gold Production
TypeOne Time License
Description

Revenue generated from gold mining and production operations as a precious metals streamer

seekingalpha.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

PAAS provides a spend analytics SaaS platform that uses AI and machine learning to analyze and optimize spending in the Technology category for business customers. The company delivers its offering as cloud-based software aimed at organizations seeking visibility and insights into their technology expenditures.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1PAAS Spend Analytics Platform
CategorySpend Analytics Software
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Peers10 records
1Airbase
TypeEmerging player
Description

Airbase combines spend management with software spend visibility, partially overlapping with PAAS's analytics-on-Tech-spend thesis.

2Sievo
TypeDirect peer
Description

Sievo is a dedicated spend analytics SaaS provider serving large enterprises. It is one of the closest direct competitors to a focused spend analytics platform like PAAS.

3SAP Ariba
TypeBroad incumbent
Description

SAP Ariba is a broad incumbent in procurement and spend analytics, embedded in the SAP enterprise stack. It is comparable to PAAS as the dominant legacy option in the same category.

4Oracle Fusion Procurement
TypeBroad incumbent
Description

Oracle's procurement cloud offers spend analytics as part of a wider ERP suite. It competes with PAAS for enterprise spend analytics buyers and represents the typical incumbent alternative in deals.

5Coupa Software
TypeDirect peer
Description

Coupa is a leading B2B spend management platform with native spend analytics, directly competing with PAAS's stated category. Its scale and installed base set the bar PAAS would need to differentiate against on AI-driven insights.

6SpendHQ
TypeDirect peer
Description

SpendHQ is a spend analytics and visibility platform sold to mid-market and enterprise procurement teams. It overlaps directly with PAAS's stated product category.

7Tropic
TypeEmerging player
Description

Tropic is a SaaS spend management platform with insights into software purchasing. It competes for the same Technology-category buyers PAAS targets.

8Vendr
TypeEmerging player
Description

Vendr is a SaaS-spend focused platform helping buyers manage and benchmark software purchases. It is a relevant emerging player in technology spend — the same vertical PAAS targets.

9Productiv
TypeEmerging player
Description

Productiv provides SaaS spend and usage analytics for IT and finance teams, overlapping with PAAS in the Technology spend analytics niche.

10Zycus
TypeDirect peer
Description

Zycus offers procurement and spend analytics software with an AI focus, positioning similarly to PAAS. It is a relevant direct peer, especially in AI-driven spend analytics.

Market position
Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

PAAS

Spend Analytics Softwarepaasadvisors.com

PAAS is a privately held spend analytics SaaS company founded in 2019, serving Technology-sector customers with AI- and ML-driven spend analysis. Based in Cranberry, US, with 11–50 employees and seed funding from Heller Capital Group.

PAAS firmographics

Firmographics
Name
PAAS
Website
https://paasadvisors.com
Company type
Public
Founded year
2019
Operating status
Operating
Headcount range
11–50 employees
Short description
PAAS is a privately held spend analytics SaaS company founded in 2019, serving Technology-sector customers with AI- and ML-driven spend analysis. Based in Cranberry, US, with 11–50 employees and seed funding from Heller Capital Group.
Ownership category
akta.pro rank

PAAS industry classification

Industry
Product category
Spend Analytics Software
NAICS
Software Publishers (513210)
SIC
Services-Prepackaged Software (7372)
akta.pro industry
PRIMARYHDABAAAF
Data & Analytics Platforms (Data Warehousing, Lakes, Streaming)
Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Public Cloud Infrastructure (IaaS/PaaS)

Keywords

  • Spend analytics software
  • Procurement analytics
  • AI spend management
  • Technology spend platform
  • SaaS procurement intelligence

Where PAAS is headquartered

Location

Headquarters

HQ city
Cranberry
HQ country
United States
HQ region
North America

Markets served

PAAS business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

  1. Silver Production: Revenue generated from silver mining and production operations
  2. Gold Production: Revenue generated from gold mining and production operations as a precious metals streamer

Distribution channels1 record

Marketing channels1 record

PAAS product offering

Product offering

Core offering

PAAS provides a spend analytics SaaS platform that uses AI and machine learning to analyze and optimize spending in the Technology category for business customers. The company delivers its offering as cloud-based software aimed at organizations seeking visibility and insights into their technology expenditures.

Differentiator

Problem solved

Functional benefit

Products and services

  • PAAS Spend Analytics Platform

Companies that use PAAS

Customer profile

Segments1 record

Ideal customer profiles1 record

PAAS technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

PAAS partnerships and signals

Strategic signal

Scale indicators2 records

PAAS competitors and assessment

Company assessment

Emerging players

  • Airbase: Airbase combines spend management with software spend visibility, partially overlapping with PAAS's analytics-on-Tech-spend thesis.
  • Tropic: Tropic is a SaaS spend management platform with insights into software purchasing. It competes for the same Technology-category buyers PAAS targets.
  • Vendr: Vendr is a SaaS-spend focused platform helping buyers manage and benchmark software purchases. It is a relevant emerging player in technology spend — the same vertical PAAS targets.
  • Productiv: Productiv provides SaaS spend and usage analytics for IT and finance teams, overlapping with PAAS in the Technology spend analytics niche.

Direct peers

  • Sievo: Sievo is a dedicated spend analytics SaaS provider serving large enterprises. It is one of the closest direct competitors to a focused spend analytics platform like PAAS.
  • Coupa Software: Coupa is a leading B2B spend management platform with native spend analytics, directly competing with PAAS's stated category. Its scale and installed base set the bar PAAS would need to differentiate against on AI-driven insights.
  • SpendHQ: SpendHQ is a spend analytics and visibility platform sold to mid-market and enterprise procurement teams. It overlaps directly with PAAS's stated product category.
  • Zycus: Zycus offers procurement and spend analytics software with an AI focus, positioning similarly to PAAS. It is a relevant direct peer, especially in AI-driven spend analytics.

Broad incumbents

  • SAP Ariba: SAP Ariba is a broad incumbent in procurement and spend analytics, embedded in the SAP enterprise stack. It is comparable to PAAS as the dominant legacy option in the same category.
  • Oracle Fusion Procurement: Oracle's procurement cloud offers spend analytics as part of a wider ERP suite. It competes with PAAS for enterprise spend analytics buyers and represents the typical incumbent alternative in deals.

Market position

Customer concentration

PAAS social profiles

Digital presence

PAAS financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PAAS leadership team

Management profile

Number of profiles

Profiles7 records

PAAS funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

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

PAAS M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about PAAS

What does PAAS do?

PAAS provides a spend analytics SaaS platform that uses AI and machine learning to analyze and optimize spending in the Technology category for business customers. The company delivers its offering as cloud-based software aimed at organizations seeking visibility and insights into their technology expenditures.

Is PAAS a public or private company?

PAAS is a public company. It is classified as venture growth investor backed and is currently operating.

When was PAAS founded?

PAAS was founded in 2019. It employs 11 to 50 people.

Where is PAAS based?

PAAS is headquartered in Cranberry, United States, in the North America region.

How does PAAS make money?

Two revenue lines are on record. Silver Production is the primary driver. The others are gold Production.

Who are PAAS's main competitors?

Emerging players on record are Airbase, Tropic, Vendr and Productiv. Direct peers are Sievo, Coupa Software, SpendHQ and Zycus. Broad incumbents are SAP Ariba and Oracle Fusion Procurement.

Does PAAS have an API?

No public API is recorded for PAAS.

What industry is PAAS in?

PAAS's product category is Spend Analytics Software. Its primary akta.pro industry code is HDABAAAF, Data & Analytics Platforms (Data Warehousing, Lakes, Streaming). Its NAICS code is 513210 and its SIC code is 7372.

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Live signals
PR NewswirePAAS Introduces Specialized Invoice Management PlatformPAAS, a technology spend analytics company, has launched Invari, a new invoice management platform designed specifically for telecom invoices. The platform uses automated workflows, cognitive capture, entity resolution, and variance reporting to help organizations identify billing irregularities and optimize telecom spending. Invari is available as a standalone SaaS tool or as an integration with the PAAS360 platform, offering organizations tools to reduce costs and improve operational efficiency.PR NewswirePAAS, the Leader in Technology Spend Analytics, to Offer Clients Benchmarks within 24 to 48 HoursPAAS, a technology spend analytics company, announced a new subscription service called "Benchmark by PAAS" that delivers benchmarking data within 24 to 48 hours of request. The service aggregates data from over 5,000 technology suppliers and 150 million anonymized data points to benchmark more than 450 line items, helping clients verify if they are receiving optimal pricing and terms from suppliers. The new offering is available as a single purchase or subscription and is designed to help companies of any size identify cost reduction opportunities in technology spending.PR NewswireDarla Morse, Former CIO of SeaWorld, Inspire Brands and CKE to join PAAS Leadership TeamPAAS, a technology spend analytics company, announced the hiring of Darla Morse as Executive Director to lead supplier relationships and serve on its advisory board. Morse previously held technology leadership roles at Disney, SeaWorld, Inspire Brands, and CKE Restaurants, and will advise PAAS clients on reducing technology spend using the company's AI-powered PAAS360 platform.PR NewswirePAAS expands into the India market through a Partnership with Luxury Connect of New DehliPAAS, a US-based technology spend analytics firm, announced its expansion into the India market through a partnership with Luxury Connect LLP, a New Delhi-based consulting firm, with the agreement also covering EMEA and Southeast Asia regions. India ranks as the second-largest technology spending market globally after North America, making this a strategically significant market entry for PAAS. Luxury Connect will focus on expanding PAAS's 'Savings Desk' platform across these regions, representing its first venture into the retail technology space.PR NewswireFormer Alcoa and Giant Eagle Technology Executive to Lead Strategy for PAASPAAS, a technology procurement analytics company, hired Russ Ross as its new leader of Strategy and Corporate Development. Ross brings experience from Alcoa and Giant Eagle in digital transformation and technology cost optimization. The company's PAAS360 platform uses AI and human-based computation to predict optimal pricing for technology products and services, offering a guaranteed minimum 5X ROI for customers.