Boston Business Journal reported Vendr cut about 100 employees, or roughly 25% of its workforce.
SourcePublic company, workplace, funding, and market signals
Vendr is a Boston-founded AI-powered SaaS procurement platform that helps procurement, finance, and IT teams benchmark software prices and automate or outsource negotiations. It built its business on real transaction data and, as of 2026, joined Vertice, combining Vendr's pricing intelligence with Vertice's procurement platform.
Primary product
AI-powered SaaS procurement and negotiation platform
Founded
2018
Headquarters
Boston, Massachusetts, United States
Team size
50-60
Work style
Remote
Industry
Software Development
Sub-industry
SaaS procurement / procurement intelligence
Offices
0 jobs at Vendr
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Business model
Stage
Series B
Total raised
$216M
Latest round
Series B · Jun 2022
Latest amount
$150M
Leadership
Founder & CEO
Senior Vice President of Global Sales
Benjamin Reece
VP of Product
Rick O'Halloran
Director of Engineering
Lucas Brown
VP of Finance
John Sivewright
Senior Director, Success and Service
Stefan Jol
Director of Machine Learning
Maryrose Enoch
Regional Program Director
Libby M.
Regional Program Director
Investors
Remote-first and async-first, with a US-wide work-from-anywhere policy. Public materials emphasize ownership, transparency, speed, kindness, and collaboration.
Work style
Remote
Compensation
Public materials say competitive compensation is the baseline, with salary and equity packages. No public visa policy or detailed pay bands were found.
Benefits
Pricing
Free tier plus custom/volume-based enterprise pricing; self-serve pricing intelligence with advisory and managed negotiation options.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$50M-$60M
PR Newswire · Jun 2026
Vertice said it acquired Vendr, combining procurement intelligence datasets and positioning the combined company around AI-driven procurement and negotiation.
Vendr blog · Mar 2026
Vendr announced a partnership with Zip to embed software pricing benchmarks and negotiation intelligence inside Zip's procurement workflows.
Vendr blog · Dec 2024
Vendr announced its $150M Series B and described how the funding would accelerate data, product, and team expansion.
Boston Business Journal · Jun 2023
Boston Business Journal reported that Vendr laid off about 100 employees, about 25% of the workforce.
Business Wire · Feb 2022
Vendr acquired Blissfully to combine SaaS buying and SaaS management into one platform.