Coupa Acquires AI startup LLamasoft for $1.5 Billion

Coupa Software has acquired AI-powered supply chain design and planning startup LLamasoft for $1.5 Billion. Founded in 2002, Michigan headquartered LLamasoft offers an AI-powered Enterprise Decision Platform. The company has raised a total of $56.1 million in funding to date, according to CrunchBase. Organizations can leverage the llama.ai Chairman and CEO at Coupa, Rob Bernshteyn, said, "We are witnessing an unprecedented shift in what businesses are demanding to effectively manage their supply chains. They need instant visibility, agile planning capabilities, and timely risk mitigation support. LLamasoft's deep supply chain expertise and sophisticated data science and modeling capabilities, combined with the roughly $2 trillion of cumulative transactional spend data we have in Coupa, will empower businesses with the intelligence needed to pivot on a dime. Together, we will deliver a more powerful Business Spend Management platform to help organizations everywhere maximize the value of every dollar they spend in a smarter, simpler, and safer way."