Cavela, a San Francisco-based AI platform for business-supplier optimization, secured $2M in funding.

This round was led by XYZ Venture Capital, with Propel Ventures and Go Global Ventures also participating. The funds will be used to expand operations and further develop the platform.

Under CEO Anthony Sardain, Cavela utilizes AI to streamline sourcing, negotiating, and coordinating with global suppliers, significantly reducing time and effort for businesses.

The platform allows brands to efficiently engage with numerous suppliers, ensuring better matches and competitive quotes, thereby enhancing overall procurement strategies.