# Keelvar: Information technology & services, Cork, Ireland

> Keelvar: Keelvar is a global technology company that specializes in AI-powered strategic sourcing optimization and autonomous sourcing automation.

Source: https://millionrounds.com/startup/keelvar (Millionrounds; every figure on the page links to its filing or article)

Ireland · [Information technology & services startup](https://millionrounds.com/companies)

# Keelvar

Keelvar is a global technology company that specializes in AI-powered strategic sourcing optimization and autonomous sourcing automation.

Funding reported Last round: Series B

Information technology & services Cork, Ireland

Company summary

- **Founded:** 2012 14 years old
- **Team:** 140 51 to 200 people
- **Funding reported:** 39.8M as listed, currency not stated
- **Last round:** Series B May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Keelvar has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Keelvar

Keelvar is a global technology company that specializes in AI-powered strategic sourcing optimization and autonomous sourcing automation.

Founded in 2012 as a spin-out from University College Cork's 4C Artificial Intelligence research laboratory, Keelvar has quickly become a leader in enterprise procurement software. The company is headquartered in Cork, Ireland, with additional offices in Dublin, Dallas, Pittsburgh, London, and Berlin. Keelvar offers a suite of SaaS-based products that include the Keelvar Sourcing Optimizer and Intelligent Sourcing Automation. These tools leverage proprietary AI algorithms to analyze procurement data, optimize sourcing decisions, and automate tactical buying processes. Keelvar serves a diverse range of blue-chip multinational corporations across various industries, managing over $100 billion in annual spend. The company's mission is to enhance procurement efficiency, reduce costs, and facilitate access to tender markets for smaller companies.

## What company datasets say Keelvar raised

Funding, as reported

Reported in all **39.8M** in the source's currency

Rounds **3**

Last round **Series B**

Last round size **24M**

Last round date **May 2022**

Investors listed **9**

## Founders and team

From Keelvar's own website: 1 founder, 7 on the team.

**Alan Holland** Founder & CEO

- **Barry Hurley** Chief Technology Officer
- **David Devlin** Chief Product Officer
- **Dylan Alperin** Chief Customer Officer
- **Kaitlyn Smith** Head of Marketing
- **Martin Srna** VP Customer Success
- **Michelle Punch** Head of People Operations
- **Toby Hannon** VP Sales

## On 2 portfolio pages

Investors who name them

- [Mosaic Ventures](https://millionrounds.com/fund/mosaic-ventures)
- [Paua Ventures](https://millionrounds.com/fund/paua-ventures)

Each firm lists Keelvar on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

ai-powered sourcing ai-powered bid analysis ai for procurement risk management ai in sourcing capacity management strategic partnerships digital procurement ai-first ai sourcing tools ai for procurement benchmarking real-time data distribution inventory management manufacturing ai-driven procurement ai sourcing integration

Built with from their website

GitHub Actions Docker Google Tag Manager Amazon CloudFront Automic Automation dbt Atlassian Postmark Google Ads Google Workspace

+8 more

CloudFlare Viewport Meta Copilot Hubspot PostgreSQL AWS Analytics Webflow Hosting Apple Business Manager

- **Sector:** Information technology & services
- **Industry code:** NAICS 54161, 513210, SIC 7375, 7372
- **Region:** Cork
- **Revenue:** 11.1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/keelvar)

## Information technology & services in Ireland

Startups like it

- [**CameraMatics** Dublin · founded 2016 *Raised*](https://millionrounds.com/company/cameramatics)
- [**Teckro** Dublin · founded 2015 *Raised*](https://millionrounds.com/company/teckro)
- [**UBiqube** Dublin · founded 2010 *Raised*](https://millionrounds.com/company/ubiqube)
- [**Tines** Dublin · founded 2018 *Raised*](https://millionrounds.com/company/tines)
- [**Flipdish** Dublin · founded 2015 *Raised*](https://millionrounds.com/company/flipdish)
- [**Showtime Analytics** Blackrock · founded 2015 *Raised*](https://millionrounds.com/company/showtime-analytics)
- [**Deciphex** Dublin · founded 2017 *Raised*](https://millionrounds.com/company/deciphex)
- [**ApisProtect** Cork · founded 2017 *Raised*](https://millionrounds.com/company/apisprotect)

## Is this your company?

Add your raise, your deck and your story, and put Keelvar in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)