About PurchasingNet
PurchasingNet is a company based in Red Bank (United States) founded in 2008 was acquired by Versata in December 2009.. PurchasingNet offers products and services including StreetSmart AI and Eloquens AI. PurchasingNet operates in a competitive market with competitors including Bill.com, Razorpay, Zaggle, Konfío and AvidXchange, among others.
- Headquarter Red Bank, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Purchasingnet, Inc
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Products & Services of PurchasingNet
PurchasingNet offers a comprehensive portfolio of products and services, including StreetSmart AI and Eloquens AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI platform for optimizing field operations and workforce efficiency.
Tool for enhancing human-AI collaboration in corporate interactions.
Funding Insights of PurchasingNet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PurchasingNet
PurchasingNet has secured backing from 1 investor. Prominent investors backing the company include Versata. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Enterprise software solutions provider
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PurchasingNet
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PurchasingNet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Purchasingnet Comparisons
Competitors of PurchasingNet
PurchasingNet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bill.com, Razorpay, Zaggle, Konfío and AvidXchange, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PurchasingNet
When was PurchasingNet founded?
PurchasingNet was founded in 2008.
Where is PurchasingNet located?
PurchasingNet is headquartered in Red Bank, United States.
What does PurchasingNet do?
PurchasingNet was founded in 2008 and is headquartered in Red Bank, United States. Web-based solutions for eProcurement and ePayables are offered, covering requisitioning, approvals, purchasing, receiving, inventory control, catalog management, and eSourcing. Additional features include invoice processing, matching, early payment discounts, spend analysis, and fixed assets management. Services such as client support, installation, training, customization, and system integration are provided to industries including finance, retail, manufacturing, healthcare, and media.
Who are the top competitors of PurchasingNet?
What products or services does PurchasingNet offer?
PurchasingNet offers StreetSmart AI and Eloquens AI.
Who are PurchasingNet's investors?
PurchasingNet has 1 investor. Key investors include Versata.
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