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Vertice bags $50M for its AI-powered SaaS spend platform

London startup Vertice has made a name for itself over the years in the very crowded world of expense management with a focus on applying AI to optimize a

London startup Vertice has made a name for itself over the years in the very crowded world of expense management with a focus on applying AI to optimize a single area where businesses, collectively, are currently sinking hundreds of billions of dollars in IT budgets that are exceeding$5 trillion annually: software and cloud spend. Now, with Vertices’s business having grown 13x since it was founded less than three years ago (a rate comparable with the growth of software spend itself), the startup has raised $50 million in new funding to expand its vision. Its competitors include a wide plethora of platforms that offer differing levels of service around providing suggestions of similar products, pricing, side-by-side feature comparisons, recommendations and more.

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