Keelvar

What Keelvar does

Keelvar is an AI-native advanced sourcing optimization and autonomous sourcing vendor that helps procurement teams make faster, more impactful decisions and achieve better outcomes with less effort. The platform automates sourcing events end-to-end, from intake to award, for any spend type. It combines sourcing optimization, which models and evaluates billions of possible award scenarios, with autonomous sourcing, where AI agents handle entire sourcing tasks. Keelvar is built for large enterprises with complex supply chains, offering a single platform to manage high-volume routine events and complex RFx with scenario analysis across various variables like price, risk, and sustainability. The platform aims to deliver significant cost savings, increase supplier engagement, and improve FTE efficiency.

Products

• KaiKai is Keelvar's AI orchestrator, serving as a central point for all sourcing requests. It interprets plain language requests, selects the appropriate workflow, and coordinates other AI agents to deliver optimal results, while keeping human teams in control.
• Autonomous SourcingThis product automates sourcing events end-to-end, from intake to award, for any spend type. It features fully customizable workflows for any category, configurable with conditional approvals for human oversight. It extends sourcing best practices to high-frequency, tactical events.
• Sourcing OptimizerDesigned for complex RFx and e-auctions, this tool allows users to run scenario analysis across every variable that matters, such as price, risk, and sustainability. It helps find savings that would not be identified manually and is built for strategic tenders that require more than a lowest-bid formula.
• Rate ManagerThis product centralizes rates and automatically triggers sourcing events when rates expire or drift from benchmarks. It helps to store, monitor, and track sourced rates in one place, ensuring compliance and increasing spend under governance.

Key capabilities

• AI-Native Agentic Sourcing
• End-to-end automation of sourcing events
• Sourcing optimization with scenario analysis
• Rate centralization and automated event triggering
• Plain language sourcing requests (Kai)
• Customizable workflows
• GenAI formula & scenario builder
• AI bid sheet configurator
• Supplier recommendations
• Dynamic real-time feedback
• Bundled discounts
• Split configuration
• Advanced scenario optimization
• Lot group capacity tracking
• Real-time data synchronization
• Flexibility for all tech stacks
• Guaranteed data security
• Automated workflow execution
• Multi-criteria evaluation for services categories
• Weighted scoring for evaluation criteria
• SAML 2.0 and OpenID Connect SSO integrations
• Role-based access control
• HTTPS and TLS 1.2 (or above) encryption
• Multi-Factor Authentication (MFA)

Use cases

• Automating high-volume, routine sourcing events
• Running complex RFx and e-auctions with scenario analysis
• Centralizing rates and triggering new sourcing events
• Optimizing sourcing for vehicle maintenance
• Request routing for sourcing events
• RFI creation
• Spot quote management
• Scenario creation for sourcing
• Determining optimal bid duration
• Managing freight and logistics procurement
• Streamlining sourcing for direct and indirect materials
• Optimizing MRO (Maintenance, Repair, and Operations) sourcing
• Managing services procurement (consulting, temp labor, facilities management, security services)
• Evaluating non-price criteria in services sourcing
• Integrating with existing procurement tech stacks for improved workflow efficiency and data integrity
• Handling strategic, high-value spend categories
• Overcoming limitations of Excel spreadsheets or legacy eSourcing tools
• Increasing competition and savings in sourcing
• Building resilient supply chains

AI approach

Keelvar is an AI-native agentic sourcing platform that uses AI agents to automate end-to-end sourcing tasks, from intake to award. It combines sourcing optimization with autonomous sourcing. The platform utilizes GenAI for intake and formula/scenario building, machine learning for optimization, and automated workflow execution. Kai, an AI orchestrator, guides intake, builds event structures, and coordinates other agents. The company emphasizes applying the right AI to the right problem and building its own models for complex scenario analysis.

Tech named: AI agents, GenAI, machine learning, mathematical programming, optimization technology

Industries served

• Automotive
• Transport & Logistics
• Food & Beverage
• Manufacturing
• Hi-Tech
• Pharmaceuticals
• Retail
• Consumer Goods
• Healthcare Technology

What it says sets it apart

• AI-native with AI at its core, providing intelligent reasoning
• Agentic sourcing where AI agents take on end-to-end tasks, not just assisting
• Combines advanced optimization and automation in one platform (recognized by Gartner)
• Deployment takes days, not months, with ROI often after the first event
• Simple enough for anyone to use, powerful enough for complex events
• Expert help from day one from procurement specialists
• Full end-to-end automation
• Plain-language formulas, AI-assisted
• Intuitive UI, minimal training needed
• Fast to deploy and scale
• Autonomous sourcing built-in
• AI 'thinking' for max 15 mins (compared to competitors' 1h)
• 500MB reference file support (compared to competitors' 1MB limit)
• Full buyer admin access, self-serve
• No supplier or complexity caps
• Simple and complex events on one platform
• Custom workflows and approvals
• Automated multi-round bidding and feedback
• Live in max 2 weeks, no middleware
• Analysis across price and non-price factors
• Machine learning, mathematical programming, GenAI used
• ISO 27001 and 27701 certified
• Hosted on AWS infrastructure
• Direct integration with SAP Ariba via API

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.