An investor bets $100 million on an AI-driven B2B marketplace

  • “The Globality marketplace uses AI and natural language processing technology to help companies looking for business services find the best service provider at the right price by letting them analyze a myriad of custom data points such as the service provider’s location, culture and work history and employees, Globality says.
  • The service is free to corporations looking to buy services, but service providers are charged a fee based on a percentage of the final signed contract, Globality says.
  • “Professional services represent a multitrillion-dollar global market, but procurement is mainly still a cumbersome manual process, says Housenbold, who’s joining Globality’s board of directors. “Globality has spent several years in developing proprietary AI-enabled matchmaking capabilities to address these inefficiencies head-on.”
  • Globality claims its B2B marketplace can ‘cut the sourcing process from months to hours, and delivering savings of 20% or more for companies.'”

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