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Graphite Connect

Lehi, US · Founded 2018 · 98 employees on LinkedIn · 5 known investors

Graphite offers a supplier onboarding and management platform that automates procurement workflows, validates supplier data, and runs ongoing risk assessments for fraud, sanctions compliance, and payment issues. It serves procurement teams managing third-party suppliers and vendors.

Also known as Graphite · Graphite Systems Inc.

Founders & leadership

Graphite Connect was founded in 2018 by Conrad Smith (Ally).

CS
Conrad Smith (Ally)Founder

Investors · 5

Also in the syndicate · 2

angel investorsKickstart Seed Fundlead

Company profile

researched Aug 2026

Graphite Connect, operated by Graphite Systems Inc., is a Lehi, Utah-based software company that provides a supplier management platform for corporate procurement teams. The platform covers supplier onboarding, supplier information management (SIM), supplier relationship management (SRM), third-party risk management (TPRM), guided procurement orchestration and intake, vendor validation, and ERP/AP system integrations. Its core architecture is a shared supplier network in which suppliers maintain their own verified profiles, or "Golden Records," that can be reused across multiple buyers rather than re-collected through separate onboarding surveys by each customer.

Functionally, the product performs new supplier justification workflows, bank and tax validation, and identity verification, and continuously scans suppliers for risk-data gaps, potential fraud, international sanctions exposure and new compliance red flags. For risk assessments the company offers a library of more than 6,000 industry-standard questions. Supplier relationship features include vendor performance monitoring against customer-defined criteria, supplier action plans, mass reminders for non-responsive suppliers, and tools to identify and unblock internal approval bottlenecks. The company holds U.S. Patent 11562442 covering its network approach.

The company was founded in 2018 and secured its first clients in 2019. It is classified in software development, with employee counts reported in the 51–200 range and a headcount of roughly 63 to 93 depending on the source and date.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employee rangeJan 202651-200
EmployeesJul 202693 people
Estimated annual revenueJul 2026$25M - $50M (third-party estimate)
HeadcountAug 202698
Risk assessment question libraryJan 20266,000 questions
Supplier onboarding time for network suppliersJan 20261-3 days
Suppliers in networkJan 2026800,000 suppliers
Total funding raisedJan 2026$3M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 8

by search overlap
Spendflo266 shared keywordsSpendflo builds Flo, an autonomous procurement workforce of AI agents that runs the intake-to-pay cycle — handling purchase requests, contract tracking, and invoice matching — while human teams approve only what needs them. Originally a SaaS spend management platform, it serves finance and procurement teams at businesses managing many vendors, contracts, and subscriptions.
Veridion236 shared keywordsVeridion builds a continuously updated data graph of global companies, tracking what businesses exist, what they do, and how they change over time. It provides company intelligence with traceable, sourced signals designed to integrate into customers' data stacks.
Kodiak Hub229 shared keywordsKodiak Hub provides an AI-powered Supplier Relationship Management (SRM) suite that helps procurement and sourcing teams manage supplier onboarding, risk and compliance monitoring, assessments, audits, and performance across supply chains. The platform includes automated third-party screening and predictive/prescriptive analytics, with a focus on direct material sourcing.
Ramp215 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.
Tipalti199 shared keywordsTipalti offers an AI-powered finance automation platform that handles global accounts payable, payments, procurement, expenses, and treasury operations for businesses. It supports cross-border payments to over 200 countries in 120 currencies and integrates with ERPs, accounting systems, and other business tools, serving industries such as adtech, e-commerce, gaming, healthcare, and software.
Order159 shared keywordsOrder.co is an AI-powered platform that automates procurement, accounts payable, and spend management for businesses. The platform streamlines the entire purchasing lifecycle from requisition to payment, offers real-time spend visibility, and provides working capital solutions through virtual cards.
Sievo140 shared keywordsSievo provides spend analytics and carbon (CO2) management software for procurement teams, helping enterprises analyze spending data and calculate emissions in line with the Greenhouse Gas Protocol. The company serves global procurement organizations.
Hyperbots137 shared keywordsHyperbots offers an agentic AI platform with finance-specific "co-pilots" that automate accounts payable and receivable tasks such as invoice processing, accruals, procurement, payments, sales tax verification, vendor management, collections, and cash application. The platform uses AI agents pre-trained on financial documents and integrates with ERPs like NetSuite, SAP S/4HANA, Sage, Microsoft Dynamics 365, and QuickBooks for finance and accounting teams.

Companies competing with Graphite Connect for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Mar 2025
Shortlisted for Procurement Technology Provider Award at 2025 World Procurement Awards

source ↗

Jun 2022
Partnership with RapidRatings

Graphite Connect partnered with RapidRatings International to offer deeper visibility into third-party supplier risk.

source ↗

Jan 2021
Recognized in 2021 Gartner Cool Vendors in Strategic Sourcing Technology report

source ↗

Nov 2020
Named a Future 5 start-up by Spend Matters

Recognized for its data library used for supplier relationship and risk management.

source ↗

Jan 2019
Raised $3 million from Kickstart Seed Fund and angel investors

Founders Conrad Smith and Aaron Oyler raised $3 million from Kickstart Seed Fund and a small group of angel investors.

$3M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Graphite Connect do?
Graphite Connect runs a patented supplier network platform for onboarding, supplier data management and third-party risk.
Who founded Graphite Connect?
Graphite Connect was founded by Conrad Smith (Ally) in 2018.
Who are Graphite Connect's investors?
Graphite Connect's investors include BYU Cougar Capital, Kickstart, Signal Peak Ventures.
Where is Graphite Connect headquartered?
Graphite Connect is headquartered in Lehi, US.