Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Fairmarkit is a Boston-based enterprise procurement software company that uses AI, machine learning, and automation to help organizations source goods and services more competitively. It began with tail-spend automation and has expanded into autonomous sourcing across the demand-to-award lifecycle.
Primary product
Fairmarkit Autonomous Sourcing Platform, including AI-driven intake, supplier recommendations, RFQ/RFP creation, bid management, optimization, evaluation, award automation, and ERP/P2P integrations.
Founded
2017
Headquarters
One Beacon Street, 15th Floor, Boston, Massachusetts 02108, United States
Team size
101-200
Work style
Flexible
Industry
Software Development
Sub-industry
Enterprise procurement, strategic sourcing, and supply-chain software
Offices
Business model
Stage
Series C
Total raised
$78M
Latest round
Series C · Sep 2022
Latest amount
$35.6M
Sep 2022 · OMERS Growth Equity
Feb 2022 · Man Capital
Dec 2020 · Insight Partners
Oct 2019 · Insight Partners
May 2018 · MassVentures
Leadership
Chief Executive Officer and Cofounder
Celeste Ackert
Chief Financial and Operating Officer
Chief Technology Officer and Cofounder
John Fleisher
Chief Revenue Officer
Jules Konjoian
SVP, Customer Success and Delivery
Karishma Barua
VP, People
Shane Hetrick
VP of Product
Tiago Melo
VP of Solutions Consulting
Founders
Tarek Alaruri
Cofounder; former COO
Fairmarkit describes its culture as “Team Customer,” emphasizing customer obsession, intellectual curiosity, innovation, ownership, impact, and growth. Public recruiting material describes the company as remote-first historically, while more recent job posts describe flex-hybrid roles in locations such as Boston and Dublin.
Work style
Flexible
Compensation
The company advertises competitive and equitable pay, company equity, and benefits, but public role-specific salary ranges were not identified. Public employee-review data cited by LinkedIn-derived sources indicates compensation ratings around 4.1/5, but this is third-party and not independently verified.
Benefits
Pricing
Custom, quote-based enterprise SaaS pricing. Public pricing is not listed; pricing is reportedly influenced by sourcing-event volume, spend under management, modules, users, and integration scope.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M annually; one LinkedIn-derived company profile estimates approximately $4.9M, but this is not company-reported and should be treated as directional.
Business Wire · Nov 2025
Fairmarkit announced that it was included in three Gartner research notes concerning AI-enabled machine buyers, source-to-pay agentic AI use cases, and agentic AI leadership. This is a company announcement and should not be interpreted as an independent Gartner endorsement.
Conduent · Jul 2025
Conduent announced a strategic collaboration with Fairmarkit to combine Fairmarkit's sourcing technology with Conduent's FastCap Finance Analytics.
Business Wire · Feb 2025
Fairmarkit and Inception, a G42 company, announced an MOU to integrate Fairmarkit's autonomous sourcing technology into an AI-enabled procurement offering for the Middle East and North Africa.
Business Wire · Feb 2025
Fairmarkit announced availability in the Coupa App Marketplace as a certified integration, extending autonomous sourcing and tail-spend capabilities to Coupa customers.
Business Wire · Jan 2025
Fairmarkit announced an expanded Sonoco partnership in Latin America. Sonoco reportedly completed 15,000 sourcing events, achieved a 3.4x ROI, and reduced costs by 9% during the first year of the regional program.
4 jobs at Fairmarkit