Itbid Technologies

What Itbid Technologies does

Itbid Technologies 2002, S.L. is a privately held Spanish SaaS company founded in 2002 and headquartered in Barcelona, Spain. The company provides a cloud-based supplier management and procurement digitalization platform ("Plataforma itbid") built on Amazon AWS infrastructure, targeting mid-to-large enterprises seeking to digitize manual procurement workflows. The platform is organized into three modular components: supplier documentation and quality management, negotiation and contract management, and order and invoicing management, supplemented by AVI-A, a domain-specialized AI copilot trained on more than 12 million tokens and 12 years of strategic procurement expertise developed in collaboration with the IIIA-UAB AI research institute and supported by CDTI. A next-generation AI product, NAIA 1.0, is in development.

The company monetizes through SaaS subscription contracts (multi-year, quote-based, not publicly priced) and implementation/professional services, with no public pricing tiers disclosed. Its go-to-market is direct enterprise sales supported by content marketing (blog, e-books, newsletter, events) targeting Spanish-speaking procurement professionals. The customer base spans approximately 18 publicly named enterprise logos across diverse industries — including banking (Banco W, Cajamar), food (Entrepinres, Zummo), industrial manufacturing (Draxton), automotive services (Carglass), pharmaceutical (Uriach, ISDIN), energy (Solarig), airport operations (Opain), and government (Cámara de Comercio de Bogotá) — with visible Latin American expansion beyond the Spain-centric base.

The company maintains a deliberately balanced workforce composition of approximately 50% procurement professionals and 50% technology experts, holds UNE-ISO/IEC 27001:2022 and UNE-ISO/IEC 22301 certifications, and integrates with SAP. The company has no disclosed funding rounds, no parent company, and operates under the direction of Josep Puig. AI investment and academic partnership represent the most visible offensive strategic moves in an otherwise mature, privately financed growth profile.

Name

Itbid Technologies

Legal name

ITBID TECHNOLOGIES 2002, S.L.

Website

https://itbid.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Itbid Technologies is a Barcelona-based SaaS provider of cloud-based supplier management and procurement software for mid-to-large enterprises, offering modular platform capabilities and an AI copilot (AVI-A) trained on 12+ years of strategic procurement expertise, with a customer base primarily across Spain and Latin America.

Ownership category

akta.pro rank

Product category

Procurement Management Software

akta.pro primary industry

Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC)

akta.pro secondary industry

Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)

Keywords

• Procurement management software
• Supplier management platform
• Contract management software
• SaaS procurement solutions
• ESG compliance tools

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: Cloud-based supplier management platform delivered as subscription service with different modules for supplier management, negotiations/contracts, and orders/invoicing
2. Implementation and Professional Services: Expert implementation services, training, and ongoing support for platform deployment and customization

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Itbid Technologies develops and sells a cloud-based SaaS supplier management platform (Plataforma itbid) that digitizes procurement workflows through three modular components: supplier documentation and quality management, negotiations and contract management, and orders and invoicing management. The company also offers AVI-A, an AI procurement copilot trained on more than 12 million tokens and 12 years of strategic sourcing experience, alongside implementation and professional services for enterprise deployment.

Product overview

Itbid Technologies offers a cloud-based SaaS supplier management platform called Plataforma itbid, which integrates three core modules: Gestión de proveedores y calidad (supplier documentation and quality control), Gestión de negociaciones y contratos (negotiation and contract management), and Gestión de pedidos y facturación (order and invoicing management). The platform is designed to digitize procurement processes with a focus on ESG compliance. Itbid also offers AVI-A, an AI-powered copilot for strategic procurement that leverages over 12 million tokens of domain expertise to assist buyers with negotiations, ESG regulations, sourcing, and supplier management. The platform is positioned as 50% procurement expertise and 50% technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Plataforma itbid Cloud-based SaaS supplier management platform for digitizing procurement processes and ESG management, delivered with modular functionality for supplier quality, negotiations/contracts, and orders/invoicing. Targets mid-to-large enterprises across banking, manufacturing, pharma, energy, and other verticals.
• Gestión de proveedores y calidad Module that manages supplier documentation and quality control processes within the itbid platform, enabling supplier network administration, homologation, and compliance tracking for enterprise procurement teams.
• Gestión de negociaciones y contratos Module that optimizes supplier negotiation processes, saves costs, and reduces contracting timelines through structured workflows and contract management.
• Gestión de pedidos y facturación Module that digitizes purchase order formalization and invoicing processes to streamline procurement operations and improve traceability.
• AVI-A AI-powered procurement copilot for strategic sourcing professionals, providing conversational guidance on negotiations, auctions, contracts, ESG regulations, strategic sourcing, and supplier management best practices.

Quantifiable outcome

• Administrative costs reduced through digitalization
• +3 more outcomes

Named customers19 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• IIIA - Instituto de Investigación en Inteligencia Artificial (Universidad Autónoma de Barcelona)coreStrategic or Co-development Partner · 1 January 2021Since 2021, itbid has collaborated with the IIIA-UAB research institute for AI development in procurement applications. This partnership has enabled the development of AVI-A, an AI copilot trained on procurement domain knowledge, combining academic AI expertise with practical procurement experience.
• CDTI - Centro para el Desarrollo Tecnológico IndustrialcoreStrategic or Co-development PartnerWith CDTI support, itbid developed AVI-A as part of their AI integration initiative. CDTI is a Spanish public entity that promotes innovation and technological development in companies.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ivalua: European-headquartered procurement SaaS platform offering supplier management, sourcing, contracts, and spend analysis. Closest comparable to itbid in terms of mid-to-large enterprise focus, modular platform, and ESG/sustainability emphasis.
• SynerTrade: European procurement SaaS platform (Econocom group) with strong supplier management, e-sourcing, and contract management capabilities. Highly comparable to itbid in mid-market enterprise focus and European customer base.

Broad incumbents

• SAP Ariba: SAP's procurement and supplier management platform, the largest incumbent in the indirect/direct procurement SaaS category. Overlaps directly with itbid's supplier management, sourcing, and contract modules, but operates at a much larger global scale with deep ERP integration.
• Coupa Software: Public-company-then-take-private business spend management platform covering procurement, invoicing, and supplier management. Directly comparable to itbid's core platform modules; Coupa is significantly larger and addresses a wider enterprise footprint.
• GEP: Procurement and supply chain software plus managed services provider. Overlaps with itbid's sourcing and supplier management modules but bundles in consulting and category management, serving a similar enterprise buyer profile.
• Basware: Purchase-to-pay and invoice automation platform with AP automation focus. Overlaps with itbid's orders/invoicing module and broader P2P workflows, serving comparable mid-to-large enterprise customers.
• Jaggaer: Direct and indirect procurement platform with strong supplier management and sourcing capabilities. Comparable to itbid in core supplier management and RFx modules; operates globally with deeper indirect-category coverage.

Emerging players

• Procurify: Mid-market procurement and AP automation platform. Comparable to itbid's order/invoicing module but targets smaller organizations with quicker implementation; represents a different segment of the procurement SaaS market.
• Keelvar: AI-powered sourcing optimization platform specializing in strategic sourcing and auctions. Comparable to itbid's negotiations module and AVI-A's auction capabilities, but Keelvar focuses specifically on sourcing optimization rather than full-cycle procurement.

Others

• TradeBeyond (formerly Tradeglobe): Procurement and supply chain platform with sourcing and supplier management capabilities. Adjacent comparable to itbid's supplier management module, particularly in retail and consumer goods sourcing contexts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/itbid-technologies
• Xx.com/itbid

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Itbid Technologies