SupplyHive
Founded 2018 · 15 employees on LinkedIn · 8 known investors
SupplyHive is a supplier performance and relationship management platform that provides supplier scorecards, KPI tracking, 360° reviews, segmentation, and AI-powered summaries. It helps procurement teams assess supplier performance, identify cost-saving opportunities, and manage strategic suppliers.
Also known as Knnected Inc. · SupplyHive™
Founders & leadership
SupplyHive was founded in 2018 by Mike Anguiano.
Investors · 8
Also in the syndicate · 2
Company profile
researched Aug 2026SupplyHive is a business-to-business software company offering a supplier performance management (SPM) and supplier relationship management (SRM) platform for enterprise procurement organizations. The product is organized around a three-step workflow: selecting strategic suppliers and categories, collecting KPIs, surveys and 360° feedback, and circulating summaries, scores and action plans. Core modules include a configurable KPI library with best-practice templates and custom metrics, smart surveys with template and custom fields, the proprietary Hive Scorecard that combines quantitative and qualitative inputs, trend monitoring and benchmarking analytics, supplier segmentation for comparison across projects, KPIs and date ranges, and the Hive360 assessment that gathers supplier-side input alongside buyer evaluations.
The platform applies AI to open-text feedback and other aggregated data, producing auto-generated supplier summaries ("The Buzz Summary") and step-by-step AI-powered action plans intended to shorten quarterly business review preparation and highlight performance gaps and cost-saving opportunities. At the time of its 2021 seed announcement, the company described its use of artificial intelligence, machine learning and natural language processing to analyze aggregated quantitative and qualitative supplier data, with capabilities spanning KPI measurement, trend and disparity analysis, automated action plans and predictive analytics.
SupplyHive states it is SOC 2 certified and markets to enterprises and Fortune 500 buyers, with customer testimonials attributed to supplier performance management, vendor management office and strategic sourcing leaders at Fortune 500 and large CPG companies.
Founding story
The company originated from founder Mike Anguiano's inquiry into the most pressing challenge in supplier management programs. After launching, running and selling a previous technology venture, Anguiano interviewed procurement leaders at Fortune 1000 companies across the United States and found that organizations with supplier performance programs still relied largely on spreadsheets to track progress. He assembled a founding team to build software addressing that gap.
Business model
B2B SaaS sold on subscription. The company publishes three tiers — Starter, Professional and Enterprise — all including scorecards, assessments, basic analytics, action plans, alerts and triggers and a standard KPI library, differentiated by training frequency and support level (self-service, shared support, dedicated support). Enterprise includes single sign-on and three API integrations; lower tiers offer single-tenant environments, additional customer success support, API integrations and SSO as paid add-ons.
Recurring subscription fees across Starter, Professional and Enterprise plans, plus paid add-ons such as single-tenant hosting, additional customer success support, API integrations and single sign-on.
Traction
Marketing materials reference Fortune 500 customers and "leading global brands," and a testimonial from a Fortune 500 director of supplier performance management describes scaling the customer's SPM process to hundreds of strategic and key suppliers. Lou Sandoval states that after thirteen months of his tenure the company was positioned for a six-figure quarter, its largest quarterly revenue increase to that point.
Latest developments
The website lists Vishy Visweswaran as CEO alongside a board of directors and board observers, states SOC 2 certification, and publishes three subscription tiers. Blog content on supplier performance and management topics is dated into October 2025.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positions itself as a specialist supplier performance and relationship management tool replacing spreadsheet-based supplier scorecarding in enterprise procurement programs, with customers reporting use across hundreds of strategic and key suppliers.
Emphasizes proprietary components — the Hive Scorecard, which merges qualitative and quantitative inputs into a single score, and the Hive360 assessment, which captures supplier-side feedback in addition to buyer evaluations — together with AI-generated supplier summaries and action plans and rapid deployment.
Technology
Cloud platform combining configurable KPI libraries, surveys, a proprietary Hive Scorecard and Hive360 assessment with analytics and benchmarking visualizations. AI, machine learning and natural language processing are used to analyze aggregated quantitative and qualitative supplier data, generate supplier summaries and produce action plans; predictive analytics was also cited. The company reports SOC 2 certification and offers API integrations and single sign-on.
Go-to-market
Direct enterprise sales driven by contact/demo requests ("Let's Talk", "See the Hive at work") on the company website, supported by a sales lead role in the leadership team, published subscription tiers, customer testimonials and a content marketing blog covering supplier KPIs, performance data and collaboration topics.
Enterprise procurement, sourcing, supplier performance management and vendor management office teams, including Fortune 500 and Fortune 1000 companies and large consumer packaged goods manufacturers.
Geography
Headquartered in Chicago at the time of the 2021 seed announcement, serving customers around the world, with a global team spanning multiple time zones and a US contact phone number (+1 872 area code).
History
The business operated as Knnected Inc., doing business as SupplyHive. Lou Sandoval states he was recruited by the company's angel investors in 2021 to take over from the founder, serving as President and CEO from 2021 to 2022, stabilizing sales, customer success, product development and finance functions, extending the company's runway from sixty days of capital to fourteen months, and leading a $2 million priced equity round that he says raised the valuation by 71%. In July 2021 the company announced a $2 million seed round led by LOUD Capital with Revolution's Rise of the Rest Seed Fund and Cleveland Avenue's CAST US fund. Leadership has since changed: the website lists Vishy Visweswaran as CEO and Ryan Lakes as sales lead, with Mike Anguiano now a board member on a board chaired by Joseph High.
Risks & controversies
Lou Sandoval, who describes himself as President and CEO of Knnected Inc. dba SupplyHive from 2021 to 2022, states he was brought in by angel investors to salvage the start-up when it was "on the brink of insolvency" with about sixty days of capital remaining, taking over from the founder.
Compiled by commissioned research from 8 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.
Competitors · 7
by search overlap
Companies competing with SupplyHive for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 3
launches, deals, and filingsThe company states it is SOC 2 certified for security and data protection of client data.
SupplyHive announced a $2 million seed round led by LOUD Capital, with co-investors Revolution's Rise of the Rest Seed Fund and Cleveland Avenue's CAST US fund. Proceeds were earmarked for growing sales and marketing resources and furthering product development and integrations.
$2M source ↗
Lou Sandoval states he was recruited by angel investors in 2021 to serve as President and CEO of Knnected Inc. dba SupplyHive, taking over from the founder, and held the role until 2022.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- SupplyHivesupplyhive.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does SupplyHive do?
- SupplyHive is a Chicago-based SaaS platform for supplier performance and relationship management, built around scorecards and 360° reviews.
- Who founded SupplyHive?
- SupplyHive was founded by Mike Anguiano in 2018.
- Who are SupplyHive's investors?
- SupplyHive's investors include Cleveland Avenue, Propellant Ventures, Sixty8 Capital, LOUD Capital, Rise of the Rest Seed, Service Provider Capital.