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Vertice secures $50M to revolutionize SaaS, cloud procurement with AI

London-based Vertice has raised $50 million in Series C funding led by Lakestar, valuing the company at $500M. The AI-driven platform optimizes SaaS and cloud spending, offering 20-30% savings and halving procurement cycles. By analyzing $3.4B in SaaS data and benchmarking 16,000 vendors, Vertice empowers enterprises like Santander and ASML to streamline expenditure. The funds will fuel global growth amid rising IT spending projections.

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