There are millions of tenders and public sector contracts published every year by governments globally. The value of all this is estimated to be about $5 trillion, and is expected to reach $9 billion by 2025. And of course, the pandemic has super-charged the need for digitized government procurement.

A startup has gone and done just that. The company claims to help enterprises discover, bid for, and win tenders globally. The startup is mainly targeting pharmaceutical and medical equipment global companies, with plans to expand to other industries. Previously, there was no software system to discover new tenders that are being published every day on a global scale and help those companies manage the processes for preparing their quotation and find the best price to win the tender with the use of the latest AI technology.”

Cube Rm Raises $8M Round, Led By Runa, To Create Global Government Tenders Platform

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