Traza raises $2.1M for AI-powered procurement automation

Startup Traza has secured $2.1 million in pre-seed funding led by Base10 Partners to automate procurement workflows using AI agents. The company's AI handles tasks like vendor outreach, RFQ generation, order tracking, and invoice processing autonomously, aiming to reduce significant value leakage post-contract signing. Traza targets the underserved procurement market, claiming a 70% reduction in human hours and three times faster cycle times in early deployments. By integrating with existing enterprise systems, Traza seeks to bring efficiency and visibility to the operational layer of procurement.