DeepStream is a leading cloud-based procurement software solutions provider offering a comprehensive source-to-contract platform. The company's flagship product is an AI-powered e-sourcing solution that enables businesses to streamline the supplier discovery and selection process. DeepStream's Supplier Discovery AI Tool utilizes advanced algorithms to identify potential suppliers based on specific criteria such as location, product specifications, and similarity to existing partners. This tool allows procurement teams to quickly generate a list of suitable suppliers.
In addition to its AI capabilities, DeepStream's platform offers a range of features that automate and optimize the entire procurement cycle. Its cloud-based solution centralizes all data exchanges, negotiations, and communications with suppliers, fostering transparency and auditability. By replacing traditional email-based processes, DeepStream's platform enhances efficiency, reduces operational costs, and mitigates risks associated with miscommunication and lack of compliance.
DeepStream's technology is designed to cater to various industries, including renewable energy, oil and gas, food and beverage, aerospace, manufacturing, and shipping. The platform's user-friendly interface and seamless integration facilitate rapid adoption and implementation, enabling businesses to realize benefits quickly.
In March 2023, DeepStream announced the acquisition of AI-based procurement startup Archlet, further enhancing its AI capabilities and solidifying its position as a leading provider of AI-driven procurement solutions.
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