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Supplier.ai Names Joe Jordan as CEO, Announces Additional Funding

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Supplier.ai, an artificial intelligence company focused on increasing the efficiency and effectiveness of procurement processes, today announced that Joe Jordan has joined the company as Chief Executive Officer. In addition, Foundry.ai has committed an additional several million dollars to fund the expansion of Supplier.ai.

WASHINGTON (PRWEB) July 26, 2018

Supplier.ai, an artificial intelligence company focused on increasing the efficiency and effectiveness of procurement processes, today announced that Joe Jordan has joined the company as Chief Executive Officer. In addition, Foundry.ai has committed an additional several million dollars to fund the expansion of Supplier.ai.

Supplier.ai, headquartered in Washington, DC, is a portfolio company of Foundry.ai, the leading creator of artificial intelligence (AI) software solutions for large enterprises. Foundry.ai recently announced the closing of an additional $68 million in funding.

"We are thrilled to have Joe join us as CEO and as a member of the board," Foundry.ai Managing Partner and Supplier.ai board member Ned Brody said. "He brings outstanding experience as a successful leader in the procurement technology space. Supplier.ai is growing quickly, and we are excited to have Joe lead the company in its mission to bring innovative procurement artificial intelligence solutions to industry and government clients."

Foundry.ai Managing Partner and Supplier.ai board member Jim Manzi added, "Joe, with his strong track record of operational excellence, will enhance Foundry.ai's ability to deliver on its goal of ideating, developing, and deploying leading artificial intelligence solutions for the Global 2000."

Jordan most recently was President and CEO of the online e-commerce marketplace, FedBid, Inc., which was acquired by Compusearch Software Systems in 2017. Prior to FedBid, Joe worked in the White House as the Administrator for the Office of Federal Procurement Policy (OFPP) and Associate Administrator for Government Contracting at the U.S. Small Business Administration. He also was an Engagement Manager at the management consulting firm McKinsey & Company, where he worked on corporate strategy and supply chain efficiency projects for Fortune 500 corporations.

"I cannot imagine a more important and exciting time to join Supplier.ai," Jordan said. "I have worked throughout my career on building and applying leading-edge technology solutions to help improve procurement outcomes and drive cost and time savings. Supplier.ai's ability to quickly drive procurement improvements that result in bottom line impact is enormously powerful. Our team of data scientists, acquisition experts, and software engineers are well-positioned to expand the product offering and customer delivery over time. I appreciate the opportunity to join Jim, Ned, and the team to apply my professional experience to this emerging segment of the AI and Machine Learning landscape."

About Supplier.ai: Supplier.ai is an artificial intelligence company focused on increasing the efficacy of procurement processes. Supplier.ai helps identify, score, and evaluate potential and existing suppliers for any company around the globe. For more information, visit http://www.supplier.ai.

About Foundry.ai: Foundry.ai is a leading AI enterprise software studio. Foundry.ai ideates, builds and scales AI enterprise SaaS businesses using its team of data scientists, software engineers and customer success professionals. For more information, visit http://www.foundry.ai.

Contact: media(at)supplier.ai

Related Links
http://www.supplier.ai

For the original version on PRWeb visit: https://www.prweb.com/releases/supplier_ai_names_joe_jordan_as_ceo_announces_additional_funding/prweb15653142.htm

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