Keelvar

Overview

Keelvar is a sourcing optimization platform that uses AI to transform how enterprises run sourcing events, supplier negotiations, and procurement auctions. The platform's AI designs optimal auction structures based on the specific sourcing scenario, suggests evaluation criteria, models different award scenarios, and can run autonomous sourcing bots that negotiate with suppliers within pre-defined parameters. Keelvar's scenario modeling engine is particularly powerful — it lets procurement teams compare thousands of potential award combinations across price, quality, risk, sustainability, and delivery factors to find the optimal outcome. The platform has been recognized in Gartner's Strategic Sourcing Application Suites report and serves global enterprises across manufacturing, retail, and financial services. Keelvar recently introduced Sourcing Bots — AI agents that can autonomously run end-to-end sourcing events for routine categories.