BRM, a San Francisco, CA-based AI-powered vendor management and procurement platform, has raised $15 million in Series A funding.
Investor
The funding round was led by Caffeinated Capital, an early-stage venture capital firm based in San Francisco, California. The firm partners with founders at the inception stage and invests throughout the lifecycle of the company.
BRM Use of Funds
The company plans to use the funds to expand its operations and enhance its development efforts.
About BRM
Founded by James McGillicuddy and Fabian Frank, BRM is an AI-powered vendor management and procurement platform designed to manage users’ vendors, secure favorable negotiations, and streamline compliance—saving time and money. The platform uses AI to analyze data from an organization’s various planning and finance applications to track vendor relations. Its mission is to empower buyers through AI SuperAgents, which intelligently extract, store, and analyze contract and vendor data.
Funding Details
Company: BRM Labs, Inc.
Raised: $15.0M
Round: Series A
Funding Date: December 2024
Lead Investor: Caffeinated Capital
Additional Investors:
Company Website: https://www.brm.ai/
Software Category: AI Vendor Management and Procurement
Source: https://www.finsmes.com/2024/12/brm-raises-15m-in-series-a-funding.html