April 2, 2025:
Vallor Secures $4M for AI-Powered Procurement Automation - Vallor, operating as Broad AI Inc., has raised $4 million to enhance its AI-powered contract management platform, which streamlines enterprise procurement processes by automating contract-related tasks. The platform provides real-time insights, risk assessment, and strategic decision-making capabilities, helping businesses reduce a typical 9% revenue loss from poor contract management.
The funding round was led by Dynamo Ventures and Bloomberg Beta, backing Vallor's vision of transforming contracts into strategic assets while maintaining top-tier security standards. By eliminating manual, fragmented workflows, Vallor aims to make contract management more efficient and beneficial for businesses.
