Beroe
Overview
Beroe Inc., established in 2005, is a leading global procurement intelligence and analytics provider. Headquartered in North Carolina, United States, with a Research & Analysis base in Chennai, India, the company was founded by Vel Dhinagaravel and Mitch Javidi. It has raised $10.2 million over two funding rounds. Beroe offers insights that enable companies to make smarter sourcing decisions, leading to lower costs and reduced risks.
Recent Developments
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August 2025: Beroe launched innovative tariff management solutions to help procurement teams navigate multinational trading environments. These tools provide live tariff monitoring across 190 countries with tracking at the 6-digit HS code level, aiding in sourcing decisions by analyzing costs, lead times, supply availability, and regulatory impacts.
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May 2025: Beroe announced a strategic partnership with The Hackett Group to enhance category market intelligence offerings. This multi-year agreement intends to address volatile market challenges by delivering intelligence data with greater depth and speed.
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March 2025: Beroe acquired nnamu GmbH, a leading negotiation technology company, enhancing AI capabilities. The integration will incorporate Beroe's proprietary market intelligence into nnamu's AI negotiation tools, thereby improving procurement negotiations.
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Throughout 2025: Beroe continued to enhance its procurement intelligence offerings, especially with its Category Watch tool, which provides AI-driven insights for smarter, more resilient procurement strategies.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2005 |
| Headquarters | North Carolina, USA |
| Founders | Vel Dhinagaravel, Mitch Javidi |
| Revenue | $135.5 million in 2025 |
| Profits | Not publicly disclosed |
| Key Investors | Access Asset Managers, Alyssum Investment, SRI Capital |
| Industry | Procurement Intelligence and Analytics |
| Number of Employees | Over 10,000 companies worldwide using Beroe's services |
Early History
Beroe was founded in 2005 by Vel Dhinagaravel, alongside Mitch Javidi. Beginning as a small firm specializing in procurement insights, Beroe rapidly established itself as a crucial player in improving procurement processes across various industries. The founders recognized a gap in market knowledge available to procurement teams compared to commercial teams, which inspired Beroe's mission to bridge this gap. Through steady growth and innovation in its AI capabilities, Beroe expanded its service offerings, encompassing category intelligence, supplier risk management, and market analytics.
Company Profile and Achievements
Beroe Inc. operates based on a SaaS (Software as a Service) model, delivering procurement insights and supplier ratings to help companies optimize their sourcing strategies. Key milestones include:
- Introduction of Beroe LiVE.Ai: This AI-powered procurement platform integrates insights from numerous data sources.
- Expansion of Category Watch: A tool providing real-time insights on category risks and opportunities, enabling preemptive decision-making.
- Global Recognition: Beroe services are trusted by 400 of the Fortune 500 companies, emphasizing its influence in the procurement sector.
- Strategic Acquisitions and Partnerships: With acquisitions like nnamu GmbH, and partnerships, such as with The Hackett Group, Beroe continues to strengthen its market positioning.
Current Operations and Market Position
Beroe remains a leader in procurement intelligence, leveraging advanced AI tools and expertise to provide detailed category intelligence. Its platforms support diverse industries including healthcare, technology, chemicals, and materials. Beroe's strategic initiatives focus on enhancing data-driven decision-making capabilities, mitigating risks, and reducing costs for its 10,000 clients globally. By consistently innovating, Beroe maintains a competitive edge in the evolving landscape of procurement solutions.
Conclusion
Beroe Inc.'s advancements and strategic expansions, such as the acquisition of nnamu GmbH and partnerships with firms like The Hackett Group, illustrate its commitment to being at the forefront of procurement intelligence. With a strong foundation built on AI and data analytics, Beroe is well-positioned to continue impacting procurement strategies across industries. As organizations increasingly seek data-driven solutions to navigate market complexities, Beroe’s offerings provide essential tools for sustainable, informed decision-making in procurement.