Aron Inc. has officially launched its procurement automation platform, securing $8 million in total funding. The capital was raised across two rounds, with Menlo Ventures leading the initial investment and Storm Ventures heading a recent $6 million seed round.
The startup utilizes AI agents to manage the request for quote (RFQ) process, including supplier communication, follow-ups, and data organization. By replacing manual workflows and dedicated data collection portals, the platform aims to reduce software expenses and streamline procurement operations.
The system integrates with a knowledge graph that links invoices, contracts, and internal documents. AI agents scan incoming contracts against company policies to identify discrepancies and monitor invoices for price deviations. They also provide alerts for automatic contract renewals.
Aron reports that its platform can shorten RFQ workflows by an average of 21%. According to the company, clients can achieve a return on investment within three weeks of deployment. The startup has already onboarded several mid-market and Fortune 10 customers.
