
Alinor
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Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
N/A | $350k | Seed | |
Total Funding | 000k |
EUR | 2022 | 2023 | 2024 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
% profit margin | - | (6900 %) | - |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Alinor is a B2B SaaS company aiming to enhance procurement operations for manufacturing and industrial firms by automating manual sourcing tasks. Founded in 2021 and headquartered in Helsinki, Finland, with a presence in Portugal, the company was established by Tarek Samy and Dennis von Kraemer. The founders' backgrounds in leading procurement for Fortune 500 manufacturers and developing software inspired the creation of a platform to address the inefficiencies they observed, such as chaotic email and spreadsheet management.
The company's core offering is an AI-powered platform that acts as a digital workforce for procurement teams. This platform automates the entire Request for X (RFx) lifecycle, which includes requests for information (RFI), proposals (RFP), and quotations (RFQ). It centralizes and automates stakeholder interactions, replacing manual processes that are typically fragmented across various tools. Key features include automated creation and distribution of RFx documents, supplier onboarding, and performance evaluation. The platform offers a collaboration hub to unify internal and external communications, ensuring all messages are linked to specific RFQs or purchase orders. Additionally, it provides advanced analytics that deliver insights into supplier performance, pricing trends, and potential supply chain risks. Alinor has introduced specific AI digital workers: 'Ismo' for RFx data consolidation, 'Satu' for automated supplier response evaluation, and 'Lumi' for enhancing supplier communication through automated follow-ups.
Alinor's business model is subscription-based, targeting small to medium-sized enterprises (SMEs) with transparent pricing plans. One plan is a usage-based model for startups, while another is a flat-rate plan for larger organizations. The platform is designed for immediate use without requiring complex integrations, aiming to provide value from day one. By handling repetitive tasks like bidding rounds, evaluations, and purchase order management, Alinor enables procurement professionals to shift their focus to strategic activities such as supplier relationships and cost savings.
Keywords: procurement automation, sourcing automation, RFx management, supplier management, manufacturing procurement, B2B SaaS, AI in procurement, digital procurement, supply chain technology, purchase order management, supplier collaboration, procurement analytics, strategic sourcing, cost savings, industrial procurement, automated RFQ, supplier onboarding, Helsinki startup, Tarek Samy, Dennis von Kraemer