Raiven
Raiven is an AI-powered procurement-as-a-service platform serving 3,000+ mechanical, electrical, plumbing, and multi-trade building contractors, combining a patented recommendation engine, agentic procurement assistants, and a 100+ supplier network to deliver average supply savings of 16%.
- Company typePrivate
- Founded2015
- HeadquartersIrvine, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Raiven does
Raiven, Inc. (formerly Qmerit, Inc., founded 2015) is a Delaware-incorporated, privately held procurement-as-a-service platform purpose-built for mechanical, electrical, plumbing (MEP) and multi-trade building contractors. The company is headquartered in Irvine, California, operates with 11–50 employees, and serves a roster of 3,000+ contractors and 100+ pre-negotiated industry-leading suppliers including Grainger, Ferguson, Graybar, Leviton, Fluke, Home Depot, Lowe's, Carrier Enterprise, and United Rentals. The platform addresses fragmented procurement across the seven roles that touch buying in a contractor organization (service managers, field technicians, project managers, estimators, warehouse leads, owners, and AP), unifying sourcing, quoting, ordering, confirming, and expediting into a single cloud-based SaaS workflow.
The core technology stack comprises three interlocking AI-driven components: (1) the patented Raiven Best Value AI recommendation engine that evaluates supplier options across price, availability, urgency, proximity, and supplier reliability; (2) Raiven Assist, an AI procurement assistant that accepts unstructured inputs (text, email, voice, photo) and converts them into structured procurement activity; and (3) Digital Twins — purpose-built agents for HVAC, electrical, mechanical, EVSE, and lighting categories. Add-on modules include the Electrification Store and White-Label EV Charger Store (with 50% contractor profit share), the Enterprise Portal with Raiven Checkout (punchout) and ERP integration, Vendor Success Services for supplier performance analytics, and AI-Powered PO Matching delivered via the Itemize partnership. Raiven claims 1M+ transactions processed, $2B+ in facilitated buying power, $300M+ in electrification purchases, and 16% average supply savings realized by clients.
Raiven's commercial model combines tiered subscription fees (Electrical Essential, Electrical Plus, Mechanical Essential, Mechanical Plus, Enterprise) — billed monthly or on multi-year enterprise contracts — with supplier rebates, administrative fees, and allowances from manufacturers and distributors based on customer purchasing activity. A customer rebate program offsets subscription fees for accounts spending $150,000+ annually with qualified suppliers. Distribution is sales-led, with enterprise field sales for multi-location contractors and a self-serve SMB portal at portal.raiven.com, supplemented by partnerships with field service software providers (BuildOps), equipment rental firms (United Rentals), energy storage vendors (Emporia), and supply chain services firms (Avendra). Ownership includes institutional venture capital from Firefly Capital Group and Archer Venture Capital, with Colle Capital Partners recorded as an investor.
Raiven firmographics
Firmographics- Name
- Raiven
- Legal name
- Raiven, Inc.
- Website
- https://raiven.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Raiven is an AI-powered procurement-as-a-service platform serving 3,000+ mechanical, electrical, plumbing, and multi-trade building contractors, combining a patented recommendation engine, agentic procurement assistants, and a 100+ supplier network to deliver average supply savings of 16%.
- Ownership category
- akta.pro rank
Raiven industry classification
Industry- Product category
- Construction Procurement Software
- akta.pro primary industry
- Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC)
- akta.pro secondary industries
- AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI), Generative AI & LLM Solutions Services (RAG, Agents, Copilots) (BPAEAHAG)
Keywords
Where Raiven is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Raiven business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription/Membership Fees: Monthly recurring subscription fees for platform access. Customer selects payment stream (month-to-month or annual). Rebate program offsets subscription fees for customers spending $150,000+ annually with qualified suppliers over 12 consecutive months.
- Supplier Rebates and Allowances: Raiven receives rebates, administrative fees, allowances, marketing funds, and incentives from suppliers and manufacturers based on customer purchasing activity through the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Electrical Essential - Core procurement platform for electrical teams |
| Subscription | Monthly | Mechanical Essential - Procurement platform for mechanical teams |
| Subscription | Monthly | Electrical Plus - Expanded support for higher volume electrical teams |
| Subscription | Monthly | Mechanical Plus - Expanded capabilities for mechanical teams at scale |
| Subscription | Multi-year contract | Enterprise - Strategic procurement with operationalized execution |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Raiven product offering
Product offeringCore offering
Raiven delivers an agentic AI procurement-as-a-service platform for mechanical, electrical, and plumbing (MEP) building trades contractors. It unifies fragmented procurement workflows across service managers, field technicians, project managers, estimators, and warehouse leads by connecting to a network of 100+ pre-negotiated suppliers, automating sourcing and quoting, and applying AI-driven pricing intelligence. Offerings span subscription tiers (Essential, Plus, Enterprise), an Electrification Store for EV equipment, and a White-Label EV Charger resale program.
Product overview
Raiven is an agentic procurement platform for the building trades (electrical, HVAC, plumbing, and multi-trade contractors), delivered as a cloud-based SaaS platform. The core offering consists of the Raiven Platform combined with Raiven Assist (AI procurement assistant), the patented Raiven Best Value AI (recommendation engine), and access to a network of 100+ pre-negotiated suppliers. Add-on modules include the Electrification Store (EV equipment e-commerce), White-Label EV Charger Store (contractor-branded resale), the Raiven Portal for Enterprise (governance and ERP integration with Raiven Checkout/punchout), Vendor Success Services (supplier performance analytics), and AI-Powered PO Matching (via Itemize partnership for spend analytics). The platform unifies sourcing, pricing, ordering, and procurement intelligence for contractors of all sizes — from small SMB to multi-location enterprise — without requiring process changes.
Differentiator
Problem solved
Functional benefit
Products and services
- Raiven Platform AI-powered procurement-as-a-service SaaS platform serving mechanical, electrical, and plumbing (MEP) contractors. Delivers unified supplier access, automated sourcing, pricing intelligence, and workflow automation through a cloud-based portal. Integrates Raiven Assist, Best Value AI, and supplier network into a single procurement engine for SMB through enterprise customers.
- Electrification Store E-commerce store for purchasing EV chargers, load management devices, smart plugs, and electrification equipment directly from leading manufacturers. Offers exclusive member-only discounts and a user-friendly browsing experience for residential EV charging infrastructure projects.
- White-Label EV Charger Store Fully custom white-label ecommerce platform for contractors to sell certified residential EV chargers and accessories from their own websites. Contractors earn 50% of sales profits and receive installation leads with each sale, while Raiven manages all operations including customer support, sales tax, payments, orders, shipping, and returns.
- Vendor Success Services (VSS) Quarterly insights into supplier performance, annual and monthly supplier credits, and procurement strategy support for mid-size and enterprise contractors. Includes data-driven supplier engagement and volume rebate optimization.
Quantifiable outcome
- 16% average supply savings realized by clients
- +5 more outcomes
Companies that use Raiven
Customer profileNamed customers14 records
Segments8 records
Ideal customer profiles4 records
Raiven technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability7 records
Feature4 records
Raiven partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- ItemizecoreStrategic partnership integrating AI-powered purchase order matching and line-level spend analytics into Raiven's platform. Enables customers to reconcile POs, invoices, and receipts faster while gaining real-time visibility into SKU-level purchasing, spend patterns, and supplier performance.
- Emporia EnergycoreExclusive contractor distribution channel for Emporia's Home Battery Solution by Solax. Gives Raiven's 2,500+ contractors early access to leading-edge energy storage solution for home energy resilience and efficiency.
- Tempesta MediaminorGroundbreaking partnership delivering advanced savings and high-quality lead generation solutions to empower contractor growth.
- FlukeminorFluke tools now available in Raiven marketplace including the new FEV150 Electric Vehicle Charging Station Analyzer. Streamlined purchasing process with competitive pricing for contractors.
- Schumacher ElectricminorAddition of Schumacher Electric to procurement platform enhances access to battery chargers, EV chargers, and portable power solutions for electrification projects.
- PSP ProductsminorPSP Products surge protection and load management solutions added to network. Gives Raiven's 3,000+ contractors access at pre-negotiated discounts.
- United RentalscoreWorld's largest equipment rental company joined Raiven network. Streamlined access to United Rentals' construction, industrial, and general equipment fleet through Raiven's procurement platform.
- BuildOpscorePartnership combining Raiven's supplier discounts and purchasing tools with BuildOps' sales, field service, and project management software for commercial contractors in electrical, HVAC, and plumbing.
- AvendracoreAvendra supply chain services agreement provides Raiven customers access to Avendra Programs - supply arrangements with manufacturers, suppliers and distributors negotiated by Avendra for building trades products.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Raiven competitors and assessment
Company assessmentBroad incumbents
- ServiceTitan: Leading field service management software for residential and commercial trades (HVAC, plumbing, electrical). A natural adjacent competitor that could embed procurement features into its existing contractor base, putting pressure on Raiven's vertical specialization.
- Ivalua: End-to-end spend management platform with strong sourcing and supplier management capabilities. Overlaps with Raiven's enterprise procurement functionality, but operates as a horizontal platform rather than a trade-specialized offering.
- Coupa Software: Large, established business spend management (BSM) platform covering sourcing, procurement, invoicing and supplier management. Overlaps with Raiven in procurement functionality, but serves as a horizontal incumbent across enterprises rather than specializing in building trades.
- SAP Ariba: Enterprise procurement and supplier network from SAP, widely used in Fortune 500 direct and indirect spend programs. Competes with Raiven at the enterprise tier where Raiven's Raiven Checkout (punchout) is positioned, and represents the largest incumbent in supplier-network procurement.
- Jaggaer: Enterprise source-to-pay and supplier management platform serving direct and indirect procurement. Comparable procurement technology surface to Raiven's enterprise tier, though it targets large enterprises rather than trades contractors.
Direct peers
- Procurify: Cloud procurement platform providing sourcing, purchase orders, approval workflows and supplier management for mid-market and SMB buyers. Highly comparable to Raiven's SaaS procurement motion across similar customer sizes, though Procurify is vertical-agnostic rather than trade-specialized.
- Avendra: Procurement services company negotiating supply programs for hospitality and building-services operators. A Raiven channel partner that competes in adjacent procurement-services territory, particularly for multi-trade building services customers like ABM and Crete United.
- Order.co: Procurement automation and supplier network for SMBs and mid-market companies, focused on recurring indirect spend. Comparable to Raiven in combining a curated supplier marketplace with automated purchasing for smaller, less-sophisticated buyers.
- Zip: AI-driven intake-to-procurement platform that automates sourcing, purchase requests and supplier workflows. Closely comparable in the agentic-AI procurement narrative and in targeting business buyers that today run manual processes — overlapping with Raiven's positioning as an AI procurement assistant.
Emerging players
- BuildOps: Field service and project management platform purpose-built for commercial MEP contractors. Both a Raiven technology partner and a potential competitor as it expands into procurement-style workflows for the same electrical/HVAC/plumbing buyer persona.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Raiven social profiles
Digital presenceRaiven financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raiven leadership team
Management profileNumber of profiles
Profiles10 records
Raiven funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raiven M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Raiven
What does Raiven do?
Raiven delivers an agentic AI procurement-as-a-service platform for mechanical, electrical, and plumbing (MEP) building trades contractors. It unifies fragmented procurement workflows across service managers, field technicians, project managers, estimators, and warehouse leads by connecting to a network of 100+ pre-negotiated suppliers, automating sourcing and quoting, and applying AI-driven pricing intelligence. Offerings span subscription tiers (Essential, Plus, Enterprise), an Electrification Store for EV equipment, and a White-Label EV Charger resale program.
Is Raiven a public or private company?
Raiven is a private company. It is classified as venture growth investor backed and is currently operating.
When was Raiven founded?
Raiven was founded in 2015. It employs 11 to 50 people.
Where is Raiven based?
Raiven is headquartered in Irvine, United States, in the North America region.
How does Raiven make money?
Two revenue lines are on record. Subscription/Membership Fees are the primary driver. The others are supplier Rebates and Allowances.
Who are Raiven's main competitors?
Broad incumbents on record are ServiceTitan, Ivalua, Coupa Software, SAP Ariba and Jaggaer. Direct peers are Procurify, Avendra, Order.co and Zip. BuildOps is listed as an emerging player.
Does Raiven have an API?
No public API is recorded for Raiven.
What industry is Raiven in?
Raiven's product category is Construction Procurement Software. Its primary akta.pro industry code is BPAAAJAC, Sourcing Support & RFx Administration (RFI/RFP/RFQ), with a secondary code of HDAEANAI, AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI).