3 years ago

Vamstar Secures $9.5 Million Series A to Digitize Healthcare Procurement

  • Vamstar, an AI-enabled global sourcing and procurement platform for medical supplies and pharmaceuticals, has closed a $9.5 million Series A funding round led by Alpha Intelligence Capital and Dutch Founders Fund

  • The funding will be used to accelerate market and product development plans, deploying Artificial Intelligence (AI) to enhance its consumables and generics exchange platform, improving data quality for faster e-commerce, and digitising procurement and sourcing processes for both buyers and suppliers across the industry

  • Vamstar aims to address the lack of an organized procurement system in the healthcare industry, which has led to supply chain inefficiencies

  • The platform connects both buyers and suppliers electronically to automate transaction and process flow across the supply chain on a global scale.

      • ProblemHealthcare

      "Healthcare supply chains are inefficient and lack a centralized platform for sourcing and procurement, leading to high costs, delays, and disruptions. Hospitals and clinics struggle to find the right suppliers, negotiate prices, and manage orders effectively. This results in wasted time, resources, and ultimately, less efficient healthcare delivery."

      Solution

      "Vamstar is an AI-powered platform that connects healthcare buyers and suppliers globally, streamlining the sourcing and procurement process. It uses machine learning and natural language processing to analyze data, provide real-time market intelligence, and automate tasks like tendering, bidding, and order fulfillment. This helps hospitals and clinics save time and money, improve efficiency, and ensure a reliable supply of medical supplies."

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