Fairmarkit Recognized in Three Categories of the 2025 Gartner® Hype Cycle™
Fairmarkit, the leading AI-powered autonomous sourcing solution for enterprise procurement teams, announced today that it has been recognized in the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions. The company was named in three key categories: Tail Spend Solutions, Supplier Discovery, and Autonomous Sourcing—reflecting its evolution from a specialized tail spend tool into a full autonomous sourcing platform that supports the entire procurement lifecycle.
Fairmarkit Study: 84% of Procurement Leaders Say a Recession is Here or Imminent by End of 2025, Accelerating the Need for AI
Eighty-four percent of procurement leaders believe a recession is already underway or imminent by the end of 2025, according to the 2025 AI in Procurement Index released today by Fairmarkit, a leading AI-powered autonomous sourcing solutions provider.
Fairmarkit Named to Forbes’ 2025 List of America's Best Startup Employers
Fairmarkit, the leading AI-powered autonomous sourcing solution for enterprise procurement teams, has been named to Forbes' 2025 list of America’s Best Startup Employers. This is the fourth year in a row that Fairmarkit has received this achievement, which reflects its commitment to building a dynamic, inclusive, and innovation-driven workplace among its global team, and attracting and engaging top talent across business functions.
Inception and Fairmarkit Join Forces to Transform Enterprise Procurement with AI-Driven Sourcing Integration
Fairmarkit, a leading autonomous sourcing solution, has signed a Memorandum of Understanding (MoU) with Inception, a G42 company specializing in AI-native products. Signed at the IDC Middle East CIO Summit 2025, the collaboration will integrate Fairmarkit’s AI-powered autonomous sourcing technology into Inception’s AI-powered procurement ecosystem. (In)Business Procurement, will transform enterprise sourcing across the Middle East and North Africa (MENA) region, providing a smarter, more efficient procurement framework.
Fairmarkit Certified as Coupa Total Spend Management Platform Ready
Fairmarkit, a leading autonomous sourcing solution, today announced its availability in the Coupa App Marketplace, offering autonomous sourcing capabilities through certified, pre-built solutions. Now Coupa-certified, Fairmarkit integrates with the Coupa Total Spend Management platform, enabling teams to collaborate more effectively and build more agile, sustainable operations. Together, the solutions empower businesses to implement intelligent and responsible spend strategies aligned with their purpose.
Fairmarkit Expands Latin American Impact Through Partnership with Sonoco
Fairmarkit, a leading AI-powered autonomous sourcing solutions provider, today announced its expanded partnership with Sonoco, a global leader in high-value sustainable packaging, to streamline procurement operations across Latin America. After a successful partnership with their North America team, Sonoco has broadened their use of Fairmarkit’s AI-driven sourcing and procurement technology to standardize procurement workflows, automate sourcing requests, and centralize supplier engagement across their operations in Mexico.
Fairmarkit Named to Deloitte’s 2024 Technology Fast 500™ List
Fairmarkit, a leading autonomous sourcing solutions provider, today announced it has earned a spot on Deloitte’s 2024 Technology Fast 500™, a ranking of the 500 fastest-growing technology companies in North America. This achievement marks a significant milestone in the company’s rapid expansion and impact on AI-driven procurement and sourcing technology.
Fairmarkit Partners with Boston University to Host Inaugural Event on the Future of Sourcing
Fairmarkit, the leading autonomous sourcing solution provider, along with Boston University (BU), today hosts the inaugural event Soar24 in Boston, MA, bringing together procurement and sourcing professionals from across the industry. Soar24 will highlight how cutting-edge technologies, including AI, are revolutionizing procurement and sourcing, while offering attendees valuable opportunities for hands-on learning, such as practical workshops on automating sourcing processes, advancing supplier diversity, and using generative AI.
Fairmarkit Named to the 2021 CB Insights Fintech 250 List of Top Fintech Startups
CB Insights today named Fairmarkit to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.
Fairmarkit Secures $35.6 Million Series C Funding to Help More Enterprises Optimize “Tail Spend”
Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, today announced a $35.6 million Series C investment, bringing its total funding to date to $78 million. The round was led by OMERS Growth Equity with participation from investors GGV Capital, Insight Partners, HighlandX, as well as a new strategic investment from ServiceNow. The new capital will further fuel Fairmarkit’s rapid growth through strategic hiring, increased technology partnerships and product development. The company is optimizing the platform for all sourcing events and plans to add the same level of intelligence to payments, bringing customers closer to full autonomous sourcing. In addition, Fairmarkit was recently added to the 2022 Inc. 5000 fastest-growing private companies list, ranked 159.
Fairmarkit Introduces New Industry Standard for All-in-One Sourcing with the Addition of Streamlined RFPs
Fairmarkit, the intelligent sourcing platform, today introduced the release of new capabilities that simplify and streamline competitive RFPs for procurement teams. An expansion of Fairmarkit’s intelligent sourcing platform, these added capabilities make Fairmarkit the only all-in-one solution that leverages automation to make competitive sourcing easier for both RFQs and RFPs in one cohesive experience.
