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Procure IT

Technology ~120 employees
Founded
--
Employees (Est.)
~120
8 leaders known
Total Funding
$4.8M
Funding Rounds
1
Last Funding
2023-06-13

About Procure IT

Procure IT is a managed intelligence platform that leverages AI to transform SaaS, cloud, and systems data into actionable insights. By analyzing licensing consumption, contract terms, invoicing, IT assets, and resource usage, it identifies inefficiencies and provides continuous optimization to help organizations save money, reduce risk, and make smarter IT decisions.

Products & Services

Asset Management:Revamps IT procurement processes for decision-makers, focusing on efficiency.
Cloud FinOps:Offers managed cloud cost solutions with predictability, transparency, and savings through AI-driven insights.
Contract Management:Provides clarity on vendor contracts, highlighting key terms, renewals, and risks with AI-driven alerts.
SaaS FinOps:Delivers transparency into SaaS application usage for license optimization and cost savings.
Supplier Analytics:Maximizes efficiency in IT procurement, optimized for finance professionals.
Technology Expense Management:Tracks and controls IT expenses across various domains with automated validation and invoice assurance.
CCaaS (Contact Center as a Service):Enhances customer support and connectivity through contact center solutions.
Connectivity:Provides cost-effective, stress-free network connectivity solutions.
Disaster Recovery:Ensures business continuity with data recovery services in case of disasters.
Microsoft 365:Offers consulting services for Microsoft 365 to streamline office operations.
Security:Strengthens cybersecurity posture and enhances IT security processes.
UCaaS (Unified Communications as a Service):Upgrades communication systems with modern unified solutions.
Google Workspace:Provides consulting for seamless cloud collaboration with G Suite.
SDWAN:Unlocks network potential with SD-WAN as a Service consulting.
Private Cloud:Guides businesses through private cloud solutions for enhanced control.
Public Cloud:Offers consulting to navigate public cloud environments.
Compliance:Ensures IT compliance with secure business practices.
Data Centers:Streamlines data center solutions for improved operations.
Cloud Backup:Secures data with cloud backup solutions to prevent loss.
SASE (Secure Access Service Edge):Provides network security and efficiency through SASE solutions.
Virtual Desktop:Enables remote work with Virtual Desktop as a Service consulting.
IT Recruiting:Sources top tech talent for part-time or full-time roles.
Mobility:Elevates mobility strategies with MaaS (Mobility as a Service) consulting.
IT Lifecycle Management:Manages the entire IT lifecycle for optimal performance.
Managed Services:Ensures IT solutions are managed by professionals.
Professional Services:Saves time and money with expert IT professional services.
Expense Management:Manages IT expenses through a single, unified platform.
Labor Solutions:Addresses labor challenges with integrated data and analytics.

Specialties

AI-Driven IT Solutions SaaS Optimization Cloud Cost Management Contract Management Technology Expense Management Cybersecurity IT Procurement Data-Driven Decision Making

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Seed
T: -
FT: Seed 		A: 4800000
MR: -
FA: 4.8 million
FAN: 4800000 		D: 2023-06-13
FD: 2023-06-13 		2 investors
Seed Latest
2023-06-13
$4.8M
2 investors (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

P

Phil Ben-Joseph

CIO / VP of Technology

LinkedIn (Pro only)
J

John Britton

VP of Engineering

LinkedIn (Pro only)
S

Steve Prince

Partner

LinkedIn (Pro only)
R

Randy Jeter

Managing Partner, M&A / Finance

A

Andrew Laughter

Managing Partner, Sales & Strategy

J

Jordan Solender

Managing Partner, Operations

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Recent News

Procure IT Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

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Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Technology
Company Size
~120 employees (est.)

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Technology Stack

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