The pandemic tested the resiliency of the global supply chain across nearly every industry. This stress test forced companies and industries to evaluate their supply chain risk and operations to mitigate the possibility of continued disruptions. None more so than the healthcare industry, which faced shortages of PPE and critical equipment at the early onset of the pandemic. Vamstar is a global procurement and sourcing platform for the healthcare industry that automates the manual processes needed in order for buyers and suppliers to transact. The platform also provides real-time visibility into the healthcare supply chain for healthcare institutions to minimize the risk of future shortages. Digitizing the procurement process introduces transparency and efficiencies allowing buyers truly achieve value-based healthcare and unlocking new sales opportunities for suppliers with both parties now able to transact confidently. By leveraging machine learning and natural language processing, Vamstar is able to connect the correct parties to the most relevant opportunities, eliminating the arduous manual procurement process. London TechWatch caught up with Vamstar CEO and Cofounder Praful Mehta to learn more about the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $11.4M, and much, much more…
With so much going on in the thriving London Tech ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in London Tech News for the week ending 6/2 including the London startup fundings, exits, and events featuring news for Sirenum, Ben, and much, much more.
The latest venture capital, seed, pre-seed, and angel deals for London startups for 4/2/2021 featuring funding details for Provar, Alforithmic Labs, and much more.