"ProcureAI nets $25M Series A to optimize supplier deals"

XYZ Corp, a New York-based AI software firm, secured $10M in latest funding round.

Venture Capitalist Group led the investment, with Tech Innovators joining. Funds will boost AI-driven product expansion.

The company aims to enhance its AI solutions, strengthening market position in the procurement software industry.

Established in 2019, XYZ Corp focuses on AI technologies like machine learning for procurement optimizations.

The firm plans to use funds for feature enhancements and scaling operations, tapping into growing demand for AI tools in supply chain management.