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DeepStream Technologies
Techstars '18London, GB · Founded 2016 · 15 employees on LinkedIn · 4 known investors
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DeepStream provides eSourcing and source-to-contract software designed for procurement teams, with a focus on usability and simple implementation to minimize adoption friction. The platform serves procurement professionals across multiple industries globally.
Also known as DeepStream · DeepStream Tech
Founders & leadership
Investors · 4
How we know: the company's own site · funding news · press coverage · Not right? Tell us
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: press coverage · Not right? Tell us
Company profile
researched Sep 2026DeepStream is a software company that builds cloud-based eSourcing and source-to-contract tooling for procurement teams. Its platform consolidates request-for-anything workflows — RFPs, RFIs and RFQs — into a single workspace where supplier bids, question-and-answer threads and scoring are held together with structured audit trails, replacing spreadsheet- and email-based sourcing processes. The product also supports eAuctions and includes an AI RFP generation capability for drafting sourcing events.
The company positions the platform around standardisation and visibility: a central, live view of sourcing activity, automated reporting, and tracked award decisions intended to support compliance and defensibility. Usability and speed of deployment are central to the positioning, with the company citing implementation timelines of one to two weeks and pointing to adoption friction as the main reason procurement digitalisation programmes fail. Customer-facing content is organised by buyer persona, addressing category managers, procurement managers and procurement directors separately.
DeepStream is based in London, England, operates in the software development sector, and had approximately 16 employees according to a third-party business-data profile, with staff spread across Europe and Asia.
Business model
DeepStream sells its cloud procurement platform to buy-side procurement organisations, offering eRFx and source-to-contract modules. The platform is delivered as a hosted workspace used by both buyers and their suppliers, with a customer success function supporting onboarding and continued adoption.
Traction
The company reports customer outcomes including 13% average annual cost savings, a 146% increase in the number of RFPs, RFIs or RFQs sent per month and 30% faster RFP cycles. A customer testimonial describes eAuctions totalling $50M of spend that produced $16.8M in savings. A third-party profile estimated annual revenue in the $1M–$10M range.
Latest developments
DeepStream has introduced an AI RFP generation tool that produces a platform-ready RFx from within the product, promoted as the lead feature on its website.
▸Full profile — market position, technology, go-to-market, geography
Market position
DeepStream competes in the eSourcing and source-to-contract software market, targeting mid-market procurement teams and positioning against both spreadsheet/email processes and larger, more complex incumbent procurement suites that it characterises as slow to implement and difficult to use.
Technology
The product is a cloud-hosted web platform covering RFP, RFI and RFQ workflows, eAuctions, supplier Q&A, bid scoring and reporting, with an AI-based RFP generation feature for producing sourcing documents. Reported supporting technologies include Amazon Web Services for hosting, MongoDB, React, Cloudflare, Webflow, HubSpot, Hotjar, Cookiebot, Google Workspace and Adobe Creative Suite.
Go-to-market
Direct sales supported by a website-led motion with demo bookings, persona-segmented educational content and case-study testimonials from procurement leaders, plus marketing automation tooling. Messaging emphasises rapid implementation and low change friction as the entry point for teams moving off spreadsheets or replacing incumbent eSourcing tools.
Mid-market procurement organisations and their procurement professionals, category managers, procurement managers and procurement directors/heads of procurement. Named customers referenced on the company site include Walkers Shortbread, AllPoints Fibre, Adonis Partners and Procrewment.
Geography
Headquartered in England, United Kingdom, with employees reported across two continents, Europe and Asia, and customers described as spanning multiple regions.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsDeepStream introduced an AI RFP generation capability that builds a platform-ready RFx within the product.
DeepStream, a cloud-based procurement platform connecting buyers and suppliers, reported Series A financing of £5.2M (reported as $5.85M).
$5.8M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- DeepStream Technologiesdeepstreamtech.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does DeepStream Technologies do?
- DeepStream is a London-based cloud eSourcing and source-to-contract platform for mid-market procurement teams.
- Who are DeepStream Technologies's investors?
- DeepStream Technologies's investors include Beringea, Techstars, Conviction VC, Portfolio Ventures.
- Where is DeepStream Technologies headquartered?
- DeepStream Technologies is headquartered in London, GB.