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 platform to create purpose-built applications that leverage an end-to-end decision data model along with a library of proven supply chain algorithms.

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."

CEO at LLamasoft, Razat Gaurav, said, "We are very excited about joining forces with Coupa. Combining Coupa’s market leading spend management execution core and broad market reach with LLamasoft’s AI-powered supply chain analytics provides a unique opportunity to bring together digital transformation solutions that drive decision making and operational efficiency across the enterprise. I am equally excited for employees of both organizations who share a culture that prioritizes delivering innovation and exceptional customer value."

The acquisition will help Coupa to solidify its supply chain capabilities of its comprehensive Business Spend Management platform. Thus allowing customers to drive greater value through BPM processes.

LLamasoft capabilities will also allow Coupa customers to make smarter and faster supply chain decisions, notes the announcement.