A competitive analysis on Xeeva is difficult because the source-to-pay provider doesn’t just compete against the handful of players trying to bring machine learning and AI to the S2P space. It also takes on all of the traditional source-to-pay vendors who offer modern sourcing experiences, especially if they are augmented with market intelligence, best practices, community intelligence or other modern “guided” capabilities that can help a buyer make a better decision. That’s basically what buyers...

MADISON HEIGHTS, MI, June 16, 2020 – Xeeva, Inc., a global provider of indirect spend management solutions, has announced that it was featured on The Tech Tribune’s “2020 Best Tech Startups in Madison Heights”. The Tech Tribune delivers technology, news, articles, and insights on the best technology startups globally. When researching companies, its staff considers the following factors for qualification: revenue potential, leadership team, brand/product traction, and competitive landscape. The publication also requires that the...

In an effort to help clients tackle critical challenges and experience quick ROI during the complete procurement process, Xeeva said it has put significant enhancements throughout its array of products into place. The indirect spend management company also rebranded its products and technology platform to better show its capabilities throughout sourcing, procurement, spend analytics and data enrichment, according to an announcement.

Expands capabilities around spend analytics, data enrichment, sourcing, and procurement, as well as underlying AI-powered XVA Platform; introduces new brand and solutions packaging MADISON HEIGHTS, MI, April 28, 2020 – Xeeva, the leader in indirect spend management solutions that optimize the entire procurement process, today announced that it has implemented significant enhancements across its solutions portfolio, enabling customers to address key challenges and experience rapid ROI throughout the full procurement process, beginning with the most comprehensive...

MADISON HEIGHTS, MI, April 22, 2020 – Xeeva, Inc., a global provider of AI-powered indirect spend management solutions, has announced that it was included on Spend Matters “50 Providers to Watch” list for 2020. Spend Matters releases its “50 Providers to Watch” list annually to recognize growing solution providers in the procurement and supply chain market. This list, now in its seventh year of publication, includes companies that are raising the bar and developing innovative products...

MADISON HEIGHTS, MI, March 30, 2020 – Xeeva, Inc., a global provider of AI-powered savings and spend management solutions, has announced that it has been included on the “10 Best Tech Startups in Michigan” list from The Tech Tribune for the third year in a row. The Tech Tribune delivers technology, news, articles, and insights on the best technology startups globally. To compile its list of the “10 Best Tech Startups in Michigan,” its staff considers...

MADISON HEIGHTS, MI, February 18, 2020 – Xeeva, Inc., a global leader in AI-powered indirect spend management solutions, announced that the company’s Board of Directors has appointed Nina Vellayan as its new President and Chief Executive Officer (CEO). Xeeva is focused on automating indirect spend management solutions through the power of proprietary AI processes, methods, and algorithms. Its technology and proprietary AI are uniquely centered on indirect spend use cases. Founded in Detroit, the heart of...

MADISON HEIGHTS, MI, January 23, 2020 – Xeeva, Inc., a global provider of specialized procurement AI solutions, today announced that it was included on SiliconIndia’s 2019 list of “100 Most Promising Technology Companies”. It was also named as a “Top AI Company” by the publication. The annual listing is compiled by the magazine to recognize companies impacting the marketplace. SiliconIndia included Xeeva because it is pushing the boundary of possibilities in procurement with its artificial intelligence...

Enterprise digitization continues to ramp up the availability of data, and open up new opportunities for in-depth analysis of that information. However, it’s no longer enough for solution providers to simply analyze corporate data. Businesses demand actionable insights, and analytics technology must be tailored to users in a way that can guide corporate strategy.

MADISON HEIGHTS, MI, January 3, 2020 – Xeeva, Inc., a global provider of award-winning AI-based procurement solutions, today announced that it was named on CIOReview’s list of the “20 Most Promising Artificial Intelligence Solution Providers” for 2019. The annual listing from the technology magazine compiles 20 companies globally that are at the forefront of providing AI solutions that transform businesses. CIOReview selects companies that offer innovative solutions and services that meet end-user needs and provide a...

Last month, we examined the current constraints on procurement today and discovered that data spend quality is an issue that’s holding organizations back. Digging in further, we found that spend classification is a big factor affecting organizations’ abilities to get high-quality data. The reality is you don’t know what you’re actually spending in each category.

MADISON HEIGHTS, MI, December 3, 2019 – Xeeva, Inc., a global provider of specialized AI procurement software, today announced that it was highlighted on CIO Bulletin’s 2019 list of the “30 Fastest Growing Companies to Watch”. CIO Bulletin aims to provide its readers with IT awareness and management skills in order to shape corporate strategies and achieve corporate goals. The annual listing of the 30 fastest growing companies is comprised of innovative companies that are creating...

Procurement teams globally are facing the same common challenges. We hear it over and over: CPOs are constantly being tasked with cutting costs and doing more with less … yesterday. But how are they doing in actually overcoming these challenges? Let’s take a look.

Together, Xeeva’s AI-powered procurement technology integrated with Agiloft’s contract and commerce lifecycle management software will drive significant efficiency and compliance REDWOOD CITY, Calif., -- Oct. 31, 2019 -- Agiloft, the global standard in contract and commerce lifecycle management (CCLM), and Xeeva, a global provider of AI-powered specialized procurement software, today announced they have forged a strategic partnership to provide a fully integrated source-to-contract experience for enterprise customers. Industry analysts have endorsed the significant value customers...

Due to the increasing influence technology has had on the way business is conducted worldwide, it has never been so important to leverage new processes and applications to set organisations apart from competitors, particularly in the supply chain space.

MADISON HEIGHTS, MI, May 8, 2019 – Xeeva, Inc., a global provider of AI-powered procurement technology, announced today that its leadership team continues to grow with the addition of Uli Muench as Vice President of Professional Services. Muench will be responsible for all client implementations, training, and consulting services. By establishing a suite of branded, value-added service offerings, this will help Xeeva scale and deliver high-quality projects quickly, delivering maximum value to its clients. “We are...

MADISON HEIGHTS, MI, February 5, 2019 – Xeeva, Inc., a global provider of AI-powered procurement and sourcing technology, has announced that it was listed on The Tech Tribune’s “10 Best Tech Startups in Michigan” for the second time. Focused on delivering technology, news, articles, and insights, The Tech Tribune annually compiles lists of the best tech startups globally. Its staff considers the following factors during its research: revenue potential, leadership team, brand/product traction, and competitive landscape....

Covers one-of-a-kind techniques for the enrichment of “imperfect” data with AI to drive massive savings for procurement organizations MADISON HEIGHTS, MI, January 22, 2019 – Xeeva, Inc., a global provider of intelligent procurement and sourcing software, announced today the issuance of a new patent (US10176427 B2) for its Virtual Data Manager capabilities. The patent incorporates functionality for rapidly enriching data records to improve both quality and consistency. Previously, Xeeva was granted multiple related AI patents...

MADISON HEIGHTS, MI, December 5, 2018 – Xeeva, Inc., a global provider of award-winning AI-powered procurement and sourcing software, announced today that it won Levvel Research’s 2018 Technology Innovation Award. As part of its ninth annual Innovation Awards, Levvel Research, formerly known as PayStream Advisors, evaluated top software providers on their usage of emerging technology to “deliver especially intuitive, useful, and progressive features.” During the nomination process, organizations completed a survey, supplied customer testimonials, and...

MADISON HEIGHTS, MI, December 4, 2018 – Xeeva, Inc., a global provider of award-winning AI-powered procurement software, announced today that it was featured on CIOReview’s 2018 list of the “20 Most Promising Procurement Solution Providers” for the second straight year. Annually, CIOReview selects the top 20 solution providers offering the best tools and services in the procurement landscape. The list is designed to help CIOs identify the right procurement solution for their organization. It is...

MADISON HEIGHTS, MI, November 16, 2018 – Xeeva, Inc., a global provider of AI-powered procurement and sourcing software, announced today that it won the runner-up award for “Outstanding Solution Provider” at the 2018 ISM CPO Forum Awards in India for the second year in a row. Focused on recognizing procurement excellence, this was the sixth annual CPO Forum Awards held by ISM. This year’s two-day conference, held in Mumbai, had the theme of the digital...

MADISON HEIGHTS, MI, November 5, 2018 – Xeeva, Inc., a global provider of intelligent procurement software solutions, announced today that it was featured on Insights Success’ 2018 list of “The Companies with Most Disruptive Innovation.” Insights Success made its selections for this list by identifying companies that are driving change in their respective industries through their unique products and services. “Truly disruptive innovations have the potential to reinvent the very basics of their respective industries,”...

MADISON HEIGHTS, MI, September 10, 2018 – Xeeva, Inc., a global provider of award-winning AI-powered procurement software, announced today that it has been named one of CIO Bulletin’s “30 Most Innovative Companies” for 2018. CIO Bulletin compiles its annual list of the top 30 companies whose products and solutions are driving innovation in business. Xeeva was chosen due to their advanced AI-powered procurement software that helps companies gain greater visibility into their spend data, identify...

MADISON HEIGHTS, MI, September 5, 2018 – Xeeva, Inc., a global provider of AI-driven procurement and sourcing technology, has announced that it is a winner in the 2018 SaaS Awards for Best SaaS Product for Supply Chain/Warehouse Management. The 2018 SaaS Awards program is in its third year of recognizing and celebrating innovation in software with entries accepted from companies globally. Over 300 organizations entered this year, with international entries coming from North America, Canada, Australia,...

MADISON HEIGHTS, MI, August 29, 2018 – Xeeva, Inc., a global provider of AI-powered source-to-pay software, announced today that it has been included as one of four solution providers in the 2018 Gartner Cool Vendors for Procure-to-Pay Applications report. Procurement and sourcing technology providers were chosen by Gartner for this report based on their unique and innovative solutions that leverage AI to augment complex tasks. These solutions must be able to assist procurement in working...

MADISON HEIGHTS, MI, August 3, 2018 – Xeeva, Inc., a global provider of AI-powered procurement and sourcing technology, has announced that it was named a finalist by the 2018 SaaS Awards for Best SaaS Product for Supply Chain/Warehouse Management. In its third year of recognizing and celebrating innovation in software, the 2018 SaaS Awards program accepts entries from companies globally. Over 300 organizations entered, with international entries coming from North America, Canada, Australia, UK, Europe,...

MADISON HEIGHTS, MI, June 20, 2018 – Xeeva, Inc., a global provider of AI-powered procurement technology, has announced that it was featured on The Tech Tribune’s 2018 list of the “10 Best Tech Startups in Michigan”. The Tech Tribune is focused on delivering technology news, articles, and insights on the best tech startups globally. To compile the list of “10 Best Tech Startups in Michigan,” The Tech Tribune staff looked at the following factors: revenue...

MADISON HEIGHTS, MI, May 14, 2018 – Xeeva, Inc., a global provider of intelligent, award-winning procurement software, has announced it will be hiring over 40 open positions globally. With a focus on expansion, connection, and changing the future of procurement, the open positions will be spread across a variety of departments, including sales, marketing, customer success, and product. After receiving a significant funding round recently, the metro Detroit-based company plans to spend the rest of the...

Big name tech companies like Snapchat, LinkedIn, Facebook, and Twitter all have satellite offices in Detroit, but did you know there are dozens of other tech startups that were founded and are headquartered in Michigan?

Recently we surveyed our community asking what type of content you want to learn about and the top response was news from the local startup community. That’s why we’re excited to begin sharing more happenings from in and around Detroit, starting with a new funding announcement from Madison Heights-based startup, Xeeva.

Madison Heights-based Xeeva, Inc., which uses artificial intelligence to help customers streamline their supply chain, announced it has got an investment of more than $40 million, which was led by PeakEquity Partners, a private-equity firm in Radnor, Pa.

Source-to-settle software provider will use the funds to fuel growth and innovation MADISON HEIGHTS, MI, April 12, 2018 – Xeeva, Inc. (“Xeeva” or the “Company”), a global provider of intelligent procurement and sourcing software, announced today an investment of more than $40 million led by PeakEquity Partners I, L.P. “It’s an exciting time to be at Xeeva! We’ve come a long way,” said Dilip Dubey, CEO and Founder of Xeeva. “This investment is both a...

MADISON HEIGHTS, MI, November 16, 2017 – Xeeva, Inc., a global provider of intelligent procurement and sourcing software solutions, announced today they were included by The Silicon Review to be listed as one of the “50 Best Workplaces of the Year” for 2017. The Silicon Review is an online and print community for business and technology professionals that puts out an annual list of the best companies to work for. The award recognizes Xeeva for...

FinTech remains merely on the cusp of disruption from artificial intelligence (AI), with some players in the B2B space beginning to look at AI-based chatbots and data analytics solutions to take digital financial management to the next level.

MADISON HEIGHTS, MI, October 23, 2017 – Xeeva, Inc., a global provider of intelligent procurement solutions, announced today that they have been named by CIO Applications as one of the “Top 25 Procurement Solution Providers” for 2017. CIO Applications' goal is to provide a comprehensive list of technology trends in order to assist businesses in adopting the best solutions for their needs. For this award, they selected the top 25 procurement solution providers that are creating...

MADISON HEIGHTS, MI, October 4, 2017 – Xeeva, Inc., a global provider of intelligent procurement and sourcing solutions, announced today that they received an award from Insights Success Magazine for being one of “The 10 Most Innovative Procurement Solution Providers” in 2017. The listing was compiled by Insights Success Magazine to highlight ten of the top groundbreaking companies that offer procurement solutions. Xeeva was selected because their software offers advanced procurement strategies that help organizations optimize...

MADISON HEIGHTS, MI, September 21, 2017 – Xeeva, Inc., a global provider of intelligent, award-winning procurement software, announced today that they won the runner-up award for "Outstanding Solution Providers" at the 2017 ISM CPO Forum Awards in India. The annual CPO Forum Awards was a two-day conference held in Mumbai, India that focused on the journey towards procurement excellence and reshaping procurement organizations and their capabilities to tackle the challenges and opportunities of the growing digital...

Patents Cover Unique “Imperfect” Data Management Technology Platform to Help Procurement Organizations Structure Data, Drive Results, and Reveal Savings MADISON HEIGHTS, MI, September 13, 2017 – Xeeva, Inc., a global provider of intelligent procurement software and strategic sourcing solutions announced recently the issuance of multiple patents, including US9665628 B1 and US9740979 B2, for its Virtual Data Manager and Virtual Catalog Manager capabilities. The patents cover techniques for rapidly classifying and enriching data records to improve...

Annual listing includes the top 20 notable solution providers in procurement MADISON HEIGHTS, MI, April 4, 2017 – Xeeva, Inc., global provider of intelligent procurement, sourcing, and financial software, has been recognized as one of CIOReview’s “20 Most Promising Procurement Solution Providers” for 2017. Every year CIOReview hand selects the top 20 procurement solution providers that are making an impact in the marketplace and redefining the landscape. Xeeva is among those companies with their cutting-edge...

MADISON HEIGHTS, MI, June 23, 2016 - Xeeva, Inc., a global provider of next generation, intelligent procurement and sourcing solutions today announced it was one of three suppliers to receive American Axle & Manufacturing's (AAM) prestigious Supplier Recognition Award at the 22nd Annual Supplier Day, held June 16th at AAM's Headquarters in Detroit, Michigan. AAM is a world leader in the manufacture, engineering, design, and validation of driveline and drivetrain systems and related components and...

Press Release

Xeeva Acquires ProcurePack, Inc.

January 15, 2016

MADISON HEIGHTS, MI, January 15, 2016 – Xeeva, Inc., a global provider of next generation, intelligent procurement solutions, today announced that it has acquired ProcurePack, a cloud-based e-procurement and vendor relationship management solution. Together with Xeeva’s full technology suite, ProcurePack adds strategic functionality and integrative enhancements in supplier selection, auctions, raising POs, and executing contracts. Acquiring this technology provides significant value in visibility and collaboration between procurement, finance, and other key stakeholders in the procurement...

MADISON HEIGHTS, MI, October 14, 2015 - Xeeva, Inc., a global provider of next generation, intelligent procurement solutions today announced that PayStream Advisors’ 2015 Source-to-Settle Solutions for Manufacturing Report that features Xeeva as an eProcurement technology leader has been released. The PayStream Advisors analyst team surveyed procurement professionals across a range of roles from global manufacturing enterprises to analyze current source-to-settle processing trends within the industry. Successful source-to-settle (S2S) management relies upon efficiency and coordination...

MADISON HEIGHTS, MI, December 11, 2014 – Xeeva, Inc., a global provider of next generation, intelligent procurement solutions, today announced that it has acquired Kontextual, Inc., an innovator in social business software. Kontextual was created to help companies build transparent, metric-driven cultures through its platform that combines personalized dashboards, collaboration spaces, and 24/7 virtual status meetings to make it easy to share information across the enterprise. Together with Xeeva’s source to pay technology, the Kontextual...