Enterprise financing increases by $5M, allowing businesses to significantly reduce expenses on supplier agreements with Infinity Loop's assistance.
Infinity Loop, an innovative AI-native contract intelligence platform, has announced the successful completion of a $5M Seed Round. The funding round was led by Glasswing Ventures and TIAA Ventures, with participation from Plug and Play, Restive Ventures, and angel investors.
The platform is designed to replace manual audits and expensive consultants, offering a deep knowledge of sourcing, negotiation, and automation. Infinity Loop delivers tactical negotiation strategies tailored to the specific vendor context, making it an invaluable tool for businesses seeking to streamline their vendor management processes.
According to Gartner, Inc., by 2027, 50% of organisations will support supplier contract negotiations using AI-native contract risk analysis and editing tools. This trend is echoed by The Hackett Group, who report that improving spend reduction is a top priority for chief procurement officers this year.
Infinity Loop's AI-driven vendor due diligence uncovers hidden leverage points and market trends, providing businesses with a competitive edge in negotiations. The platform's capabilities include automated deal analysis, intelligent deal optimization, and AI-driven vendor due diligence.
The platform grades each contract and highlights underperforming commercial and legal terms, empowering businesses to make informed decisions about their vendor relationships. One customer saved $19.5 million in five months using Infinity Loop, demonstrating the platform's potential for significant cost savings.
Kleida Martiro, Partner at Glasswing Ventures, praises Infinity Loop's transformation of static contracts into actionable intelligence. Wayne Baker, Chief Investment Officer at TIAA Ventures, believes Infinity Loop is institutionalizing best-in-class negotiation strategy into software.
Most enterprise teams manage vendor spend using outdated methods like spreadsheets, legacy tools, or outside consultants. Infinity Loop serves as an always-on, intelligent contract command center, offering a modern, efficient solution to this age-old problem.
The funding will be used to accelerate go-to-market expansion to meet rapidly growing enterprise demand. With the success of this Seed Round, Infinity Loop is poised to revolutionize the way businesses approach vendor negotiations.
In conclusion, Infinity Loop's AI-native platform offers a game-changing solution for businesses seeking to streamline their vendor management processes, reduce costs, and gain a competitive edge in negotiations. The platform's success is a testament to the potential of AI to transform traditional business practices and drive growth.
