Beroe, a leader in procurement intelligence and analytics, has announced a strategic investment in Forestreet, a provider of AI-driven software for supplier and innovation discovery. This deal aims to enhance Beroe’s AI capabilities and strengthen its market position by integrating Forestreet’s advanced supplier discovery tools. Beroe CEO Vel Dhinagaravel will join Forestreet’s board. The partnership will offer Chief Procurement Officers (CPOs) access to real-time, comprehensive market insights, helping them manage risk and build resilient supply chains. Forestreet’s technology allows faster and more informed sourcing decisions, crucial in today’s complex procurement environment. James Fox of Guinness Ventures highlighted that the collaboration would provide unprecedented intelligence to procurement professionals globally.

Procurement Intelligence, Artificial Intelligence (AI),United States, United Kingdom