Globality
Assembly Line
Globality Raises $47 Million to Accelerate Growth of Its Industry-Leading AI-Powered Autonomous Sourcing Software
Globality, the market leader in AI-driven sourcing and procurement, announced that it raised $47 million in a Series D-1 and Series D-2 preferred stock offering. The offering was supported by the company’s existing preferred shareholders and new investors, including Rollins Capital, and brings the total capital raised by Globality to $356 million.
Founded almost ten years ago as a native AI company to revolutionize how large enterprises manage spend, source suppliers, negotiate lower costs, and evaluate performance, Globality’s Fortune 500 customers include Fidelity, Santander, British Telecom, Tesco, IQVIA, T. Rowe Price, Invesco, Hewlett Packard, Dropbox, and Allegis Global Solutions. By deploying Globality’s platform, companies reduce costs by 10% – 20% across all their spend, while capturing 60% – 90% operating efficiencies and achieving better business outcomes.