Responsibly, a key player in the sustainable procurement sector, is set to disrupt the industry with its innovative AI-driven platform. The company has secured $2.4 million in a seed funding round, with leading investments from Hambro Perks and Pi Labs, as well as significant support from Global Founders Capital, AENU, Michael Wax, and Benedikt Franke.
Responsibly employs artificial intelligence to assess various sustainability factors, including carbon emissions, gender pay gaps, human rights, and deforestation, to help businesses evaluate the sustainability of their suppliers. Focused on promoting ethical supply chains, Responsibly’s platform calculates sustainability data scores for suppliers, allowing clients like CERN and Chr. Hansen to reduce data compliance costs and streamline their procurement process.
The recent funding will support Responsibly’s expansion and platform refinement, with a focus on making sustainable procurement more accessible through advanced AI and automation technologies. The company plans to enhance its proprietary AI engine, broaden its data capture capabilities, and democratize access to sustainable procurement.
Responsibly not only aids companies in evaluating supplier sustainability but also strives to provide comprehensive supplier sustainability data from multiple sources. This comprehensive approach simplifies the procurement process for businesses, offering streamlined, one-stop access to responsible supplier data.
By FCCT Editorial Team
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