SourcingGPT

Company profile

SourcingGPT company profile

SourcingGPT.ai Overview SourcingGPT.ai is a cutting-edge B2B SaaS platform that leverages AI and expert-driven data to revolutionize global sourcing. Trained by over 3,000 sourcing professionals, SourcingGPT automates supplier discovery, RFQ processes, price comparisons, logistics planning, and compliance management—reducing sourcing time by 250+ hours per product. Mission To transform the $700 billion global sourcing industry by replacing outdated manual processes with AI-driven efficiency, enabling businesses to find, evaluate, and negotiate with suppliers seamlessly. Key Features AI-Powered Supplier Curation: Instantly find and verify suppliers across global platforms. Automated RFQ & Quotation Analysis: Streamline the procurement process with AI-driven supplier matching and comparison. Shipping & Cost Estimations: Integrate logistics and landed cost calculations in real time. Social Verification & Trusted Network Insights: See which factories are trusted by your industry peers. Business Model SourcingGPT operates on a SaaS subscription model with pricing tiers tailored for SMEs, e-commerce sellers, and enterprise procurement teams. Every 1,000 paid subscribers add approximately $1.2M in annual recurring revenue (ARR), with a long-term goal of exceeding $100M ARR within five years. Market & Opportunity The sourcing industry is dominated by manual processes, fragmented communication, and opaque supplier networks. With AI-driven automation and data-driven supplier selection, SourcingGPT is poised to disrupt this sector by making sourcing smarter, faster, and more reliable for businesses worldwide. Founding Team Minesh Pore (CEO & Co-Founder): 25+ years in global trade, former Director of Global Sales. Brent Barnes (COO & Co-Founder): Ex-COO of Global Sources, led a successful exit to Blackstone. Michael Hung (CSO & Co-Founder): Supply chain expert with 20+ years of experience. Nickey Khem (CTO): Technology leader with 15+ years in scaling AI-driven platforms. Traction Beta launch in December 2024 with 500+ users in 2 months. Targeting SMEs, e-commerce sellers, and procurement teams looking for efficient, AI-driven sourcing solutions. Strong industry network and partnerships with global suppliers. Funding & Growth SourcingGPT is actively raising capital to accelerate product development, expand AI capabilities, and drive customer acquisition. Funds will be allocated to AI training, go-to-market strategies, expert recruitment, and scaling operations. Website: www.sourcinggpt.ai Industry: AI, Procurement, Supply Chain, B2B SaaS Headquarters: Wilmington, Delaware Founded: May 2024