---
title: "Australian Financial Review Article: AI Start-up Robobai raises $5M to rid supply chains of waste and woe | Robobai"
description: "November 3, 2020 news Australian Financial Review Article: AI Start-up Robobai raises $5M to rid supply chains of waste and woe While there are other AI-driven procurement platforms claiming to save enterprises money, Mr Harris said Robobai was different because it added the ability to check for diversity and ethics in supply chains. By pulling […]"
image: https://blog.robobai.com/hubfs/27.png
---

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# Australian Financial Review Article: AI Start-up RobobAI raises $5M to rid supply chains of waste and woe

[Admin](https://blog.robobai.com/author/admin) :  Nov 3, 2020

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![Australian Financial Review Article: AI Start-up RobobAI raises $5M to rid supply chains of waste and woe](https://blog.robobai.com/hubfs/27.png)

While there are other AI-driven procurement platforms claiming to save enterprises money, Mr Harris said RobobAI was different because it added the ability to check for diversity and ethics in supply chains.  
By pulling in third party databases to its “data lake”, RobobAI could for instance suggest suppliers to accord with a corporate’s wish to spend more on female-owned or Indigenous-owned suppliers.  
RobobAI also claims to help businesses avoid the ignominy of having slavery embedded in their supply chains. “For instance if your business is buying batteries, they’re likely to have cobalt in them, and 60 per cent of the world’s cobalt comes from mines using child labour in the Congo,” Mr Harris said.

#### **To read the full AFR article, click below or [visit the AFR ](https://www.afr.com/technology/ai-start-up-robobai-raises-5m-to-rid-supply-chains-of-waste-and-woe-20201030-p56a90)**

[Read The Article](https://blog.robobai.com/hubfs/RoboBai_Theme/pdfs/AFR-News.pdf)

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#### [Podcast: Enhancing Procurement Sustainability with AI: RobobAI’s CEO Insight](https://blog.robobai.com/podcast-enhancing-procurement-sustainability-with-ai-robobais-ceo-insight)

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#### [RobobAI Soups Up Data to Streamline Global Supply Chains](https://blog.robobai.com/robobai-soups-up-data-to-streamline-global-supplychains)

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[![What is Spend Analysis in a Procurement Organization?](https://blog.robobai.com/hubfs/15.png)](https://blog.robobai.com/spend-analysis-in-a-procurement-organisation)

#### [What is Spend Analysis in a Procurement Organization?](https://blog.robobai.com/spend-analysis-in-a-procurement-organisation)

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Quite simply, spend analysis is the name given to the process of identifying, gathering, grouping, categorizing and analyzing corporate spend data...

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