Vertice Continues Momentum with Series C Funding

This IDC Market Note examines Vertice's latest Series C funding round. Vertice, a SaaS and cloud spend optimization platform launched in 2021, has secured $50 million in Series C funding, bringing its total to over $100 million. The platform, which added intelligent workflow capabilities in 2024, aims to streamline procurement processes by automating tasks, managing supplier relationships, and providing real-time analytics. Vertice's user-friendly interface integrates with existing ERP systems, enhancing efficiency and decision-making. The recent funding will support global expansion and product enhancement. Positioned at the intersection of procurement workflows and SaaS/cloud management, Vertice aims to transform procurement into a strategic asset, addressing traditional pain points with a holistic, user-centric approach."Vertice's $50 million Series C funding propels its innovative SaaS and cloud spend optimization platform, transforming procurement from a cost center to a strategic asset with automation, analytics, and a user-friendly design." — Patrick Reymann, research director, Procurement and Enterprise Applications at IDC