🧾Execo Brings Agentic AI to Procurement Workflows
Execo, a New York-based enterprise AI startup, has raised an undisclosed bridge round led by Unlock Partners to accelerate go-to-market growth and expand profitability. The company builds agentic AI systems for contract and supplier management, and now counts over 100 enterprise clients globally.
🛸Agentic AI for contracts and supply chains • Automates contract lifecycle management and supplier performance workflows • Focused on risk mitigation, cost reduction, and supply chain resilience • Combines generative AI with human-in-the-loop design for ROI and compliance
📊Growing team, global footprint • 500 employees across six countries, including teams in Europe and Asia • Serving Fortune 500 and mid-market companies in procurement-heavy sectors • Unlock’s Patrick Cao (ex-Tokopedia President) joins the board to support scaling
đź§Strategic push toward profitability • Bridge funding supports GTM acceleration and revenue per employee expansion • Positioning as “the enterprise-grade AI layer” for procurement operations • Prioritizing sustainable growth before next institutional raise
Execo’s disciplined, applied approach gives it an edge in turning language models into enterprise utility.
🧾Execo Brings Agentic AI to Procurement Workflows
Execo, a New York-based enterprise AI startup, has raised an undisclosed bridge round led by Unlock Partners to accelerate go-to-market growth and expand profitability. The company builds agentic AI systems for contract and supplier management, and now counts over 100 enterprise clients globally.
🛸Agentic AI for contracts and supply chains • Automates contract lifecycle management and supplier performance workflows • Focused on risk mitigation, cost reduction, and supply chain resilience • Combines generative AI with human-in-the-loop design for ROI and compliance
📊Growing team, global footprint • 500 employees across six countries, including teams in Europe and Asia • Serving Fortune 500 and mid-market companies in procurement-heavy sectors • Unlock’s Patrick Cao (ex-Tokopedia President) joins the board to support scaling
đź§Strategic push toward profitability • Bridge funding supports GTM acceleration and revenue per employee expansion • Positioning as “the enterprise-grade AI layer” for procurement operations • Prioritizing sustainable growth before next institutional raise
Execo’s disciplined, applied approach gives it an edge in turning language models into enterprise utility.
To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.
NEWS: Telegram supports Facetime video calls NOW!
Secure video calling is in high demand. As an alternative to Zoom, many people are using end-to-end encrypted apps such as WhatsApp, FaceTime or Signal to speak to friends and family face-to-face since coronavirus lockdowns started to take place across the world. There’s another option—secure communications app Telegram just added video calling to its feature set, available on both iOS and Android. The new feature is also super secure—like Signal and WhatsApp and unlike Zoom (yet), video calls will be end-to-end encrypted.
