Waltz, a procurement tech startup founded by Yuval Golan, just raised $50 million in a fresh funding round led by Setpoint Capital. The company is on a mission to overhaul how businesses handle procurement—replacing clunky, outdated systems with an intelligent, end-to-end platform designed for the modern enterprise.

By simplifying vendor onboarding, streamlining approvals, and giving procurement teams deep visibility into contracts and spend, Waltz positions itself as the go-to operating system for enterprise procurement.

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Why Procurement Needs a Rethink

Procurement often operates in the shadows of corporate strategy, yet it controls 40%–60% of a company’s operating expenses. The traditional systems in place—ERP plug-ins, spreadsheets, or bloated procurement suites—have failed to keep up with the demands of modern, fast-moving organizations.

Waltz steps in with:

• Automated contract lifecycle management
  
• AI-powered supplier risk scoring
  
• Real-time spend visibility
  
• Audit-friendly tracking systems
  

The result is faster procurement cycles, fewer compliance issues, and higher operational leverage across departments.

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What Founders Should Steal from Waltz’s Strategy

Here’s the insight: Waltz didn’t build a “procurement tool.” They built a new infrastructure layer.

Instead of chasing feature saturation or dashboards, they embedded themselves directly into the workflows procurement leaders already live in. This is something many startups miss—founders often over-focus on building powerful tools around workflows instead of embedding value within them.

True product stickiness doesn’t come from UI brilliance. It comes from being the invisible layer of intelligence people can’t rip out without tearing apart their process.

This embedded approach lets Waltz avoid the common pitfalls of adoption churn and shallow integrations. Founders aiming to build in B2B should ask: “Can our product become the default behavior for a core team, not just another option?”

That’s how you create staying power—and ultimately pricing power.

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Enterprise AI in Procurement: A Growing Frontier

The global procurement software market is expected to reach $13.7 billion by 2028, growing at a CAGR of 10.6%, as per MarketsandMarkets. Meanwhile, 73% of procurement leaders say automation is now critical to their function (Gartner).

But what’s driving that urgency?

• Increased vendor risk due to geopolitical tension and supply chain disruptions
  
• Rising ESG standards and demand for traceability
  
• Remote/hybrid workflows that need digital-first infrastructure
  

Waltz doesn’t just ride these trends—it operationalizes them with tailored tools for procurement heads, legal teams, and CFOs.

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What the $50M Will Fuel

With $50 million in fresh funding, Waltz is entering an aggressive build and scale phase—one focused not just on growth, but on reinforcing the platform as mission-critical infrastructure across large enterprises.

A major portion of the funding will go toward expanding Waltz’s AI capabilities, particularly in detecting spend anomalies, contractual risk patterns, and compliance red flags in real time. The vision is to evolve procurement from a reactive, task-driven function into a proactive, intelligence-led one. By embedding predictive AI across every layer of procurement—vendor selection, contract approval, compliance review—Waltz wants to arm teams with decision-making confidence before issues arise, not after.

The company also plans to deepen its integration layer with leading ERP systems like SAP, Workday, and NetSuite. These integrations will ensure that Waltz doesn’t live as a siloed procurement tool but as a fluid extension of existing enterprise infrastructure. This is critical for adoption in large organizations where interoperability isn’t a luxury—it’s table stakes.

Another key initiative funded by this round is the rollout of new ESG (Environmental, Social, and Governance) and DEI (Diversity, Equity, and Inclusion) modules. With procurement increasingly under scrutiny from investors, regulators, and boards, enterprises are being held accountable for the ethics and sustainability of their vendor networks. Waltz plans to make it easy for procurement teams to track and report ESG & DEI metrics at both the supplier and portfolio level—transforming what used to be manual, audit-heavy work into a seamless, data-backed process.

To support these product and platform enhancements, Waltz will significantly expand its sales, support, and partnerships teams, especially in North America and EMEA. Enterprise procurement involves complex stakeholders—legal, finance, operations—and Waltz knows that winning in this space isn’t just about product, it’s about relationship management, trust, and long-haul support. This hiring push is designed to meet that demand and ensure every account feels strategically served.

In short, this raise gives Waltz the runway not only to innovate faster, but to operationalize at scale—solidifying its place as the default procurement infrastructure for modern enterprises.

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The Founder Factor: Yuval Golan’s Playbook

Yuval Golan brings deep operational DNA to Waltz, having experienced procurement pain firsthand in scaling businesses. Instead of trying to replace legacy systems outright, he built Waltz as a layered system—interoperable, extensible, and designed to complement ERP investments instead of compete with them.

That insight reflects maturity rarely seen in early-stage B2B startups—and it’s one reason why top investors like Setpoint Capital are betting big.