Matchory, based in Ulm, Germany, leverages artificial intelligence and big data to provide businesses with a seamless supplier discovery platform. By automating supplier identification and qualification, the company helps procurement teams reduce costs, mitigate risks, and enhance supply chain resilience. The latest investment will be utilized to enhance its technological infrastructure, expand its market reach, and continue refining its AI-driven platform.

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"This funding round is a significant milestone for Matchory as we continue to redefine the procurement landscape," said Aiko Wiegand, CEO of Matchory. "With the support of our investors, we are poised to scale our technology, improve supplier transparency, and offer unparalleled insights to procurement professionals worldwide."

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Investors, including Capnamic and Earlybird-X, recognize Matchory’s potential to revolutionize procurement processes by making supplier discovery more data-driven and efficient. "Matchory’s innovative approach to procurement aligns with the growing need for digital solutions in supply chain management. We are excited to support their growth as they continue to drive industry transformation," stated a representative from Earlybird-X.

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With increasing global supply chain disruptions, companies are seeking intelligent solutions to optimize procurement strategies. Matchory’s AI-powered platform is positioned to address these challenges by offering a comprehensive supplier database with real-time insights and analytics.

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The company plans to utilize the funding to further develop its proprietary AI algorithms, expand its customer base across Europe and North America, and strengthen partnerships with key industry players. The vision remains clear: to become the leading digital procurement platform that empowers businesses with seamless, data-driven supplier insights.

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For more information, visit matchory.com or contact shannon@matchory.com

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