Fairmarkit

Fairmarkit is an AI-powered autonomous sourcing platform that uses GenAI and AI agents to help enterprise procurement teams manage all types of spend from demand to award. Its automation suite — including supplier recommendations, AI SOW builder, reverse auctions, and autonomous negotiations — integrates with ERP and P2P systems to scale sourcing, accelerate negotiations, and reduce manual work. Customers use Fairmarkit to run many more events per FTE and capture incremental savings (the company cites up to 10x more events per buyer and roughly $40k in savings per buyer per week).