Mentum Analysis: $4M Raised
What is Mentum?
Mentum is an AI platform that automates sourcing for complex projects, enhancing supply chain visibility and efficiency in procurement processes.
Employees
2
Founded
2021
Revenue
$515.2K - $750K
Product Features & Capabilities
- AI-powered sourcing automation, supplier quote extraction and comparison, RFI/RFQ/RFP package generation, supplier performance analysis, communication tracking, purchase order status tracking, invoice reconciliation, project management, supplier list management, centralized requisitions, seamless sy
Pricing
- Starting from: $19.00/month
- Pricing model: Subscription
How much Mentum raised
1 - $4.2 million
May 9, 2022Lead Investor: Gradient Ventures, Global Founders Capital, and others.
Market Focus
Mentum primarily focuses on the supply chain management industry, specifically enhancing sourcing processes for complex projects, capital expenditures (CAPEX), and new product introductions through AI-powered automation.
Investors
- Global Founders Capital
- Y Combinator
- Soma Capital
- Gradient Ventures
- Twenty Two Ventures
- VentureSouq
Competitors Overview
Mentum operates in the AI-powered sourcing and supply chain management market, where it faces competition from several notable companies:
- Coupa: A leading spend management platform that focuses on financial agility and procurement efficiency. Coupa offers robust features for managing expense
See something that needs updating? Suggest edits to this profile.