Stimulus

Stimulus offers a Software-as-a-Service (SaaS) platform focused on relationship intelligence for the supply chain sector. The company was founded by Tiffanie Stanard, an entrepreneur with over 15 years of experience in vendor management, marketing, and technology. Her background working with large, publicly traded companies revealed a need for better supplier relationship management and more equitable access to business opportunities, which led to the creation of Stimulus. The platform was officially launched in 2020.

The company's core offering is the Stimulus Relationship Intelligence Platform (SRIP), which functions as a centralized system for businesses to manage and optimize their supplier ecosystems. It operates on a subscription-based business model, providing services to clients across the United States, with a notable presence in the healthcare, education, and professional services industries. Clients include organizations like Penn Medicine and Promptworks. The platform is designed to serve both buyers and suppliers. For buyers, it acts as an AI-powered assistant that automates data entry and provides insights to streamline procurement and build stronger supplier relationships. For suppliers, it functions like a marketing assistant, analyzing sourcing calendars, budget timelines, and company objectives to identify opportune moments to connect with potential buyers.

Key features of the platform include tools for data analysis, relationship building, and a proprietary scoring system to evaluate and compare suppliers based on various metrics, including location-based and diversity criteria. By consolidating data from otherwise disparate systems like ERP and CRM, Stimulus aims to break down information silos, reduce manual inefficiencies, and provide a single source of truth for decision-making. This integrated approach helps companies accelerate contract timelines and ensure data accuracy. In November 2022, the company achieved SOC 2 Type 1 certification, a key milestone for data security. In August 2022, Stimulus announced an oversubscribed $2.5 million seed funding round led by Black Ops VC, with participation from Morgan Stanley, Northwestern Mutual Future Ventures, and Genius Guild, among others. This followed a previous $1 million pre-seed round. The funds were allocated to platform expansion, hiring engineers and data scientists, and forming new partnerships.

Keywords: supplier relationship management, procurement software, supply chain SaaS, relationship intelligence, vendor management, sourcing platform, purchasing decisions, supplier diversity, procurement analytics, B2B relationships, spend management, contract management, supply chain visibility, supplier data management, strategic sourcing, procurement automation, supplier performance, vendor discovery, supply chain technology, AI in procurement