An investor bets $100 million on an AI-driven B2B marketplace
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“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.'”
