Fairmarkit, Inc. announced it raised $30 Million in an initial filing from an offering of $30 Million

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Fairmarkit is an autonomous sourcing platform transforming how enterprise procurement teams manage their tail spend and beyond.” Its SaaS platform centralizes supplier data and leverages its machine learning recommendation engine to match business needs to relevant suppliers, saving time and money. Some of the world’s largest procurement departments rely on Fairmarkit for their sourcing processes, including: bp, British Telecom, Cabot Corporation, and Refinitiv. The Boston-based company was named to the 2022 Inc. 5000 fastest-growing private companies list, ranked #159 overall and #5 in Massachusetts. Learn more at www.fairmarkit.com.