Beroe, a US-based leader in procurement decision intelligence, today announced its acquisition of Forestreet, the British innovator in AI-powered supplier discovery – marking its second acquisition in under six months.
The move accelerates Beroe’s AI-first strategy and positions it to deliver the market’s most integrated, intelligent procurement platform by bringing Forestreet’s proprietary AI models and LLM expertise into its ecosystem.
“Through our partnership with Beroe we are building the smartest and most integrated supplier intelligence ecosystem in the world,” said Alex Miller, CEO and Founder of Forestreet. “Our customers want speed, accuracy, and autonomy. Bringing our AI expertise and talented teams of experts much closer together is how we will deliver it.”
Founded in 2017, Forestreet has built a SaaS Market and Vendor Discovery platform that uses AI to identify “every company within any market“, broken down to product feature level. Their analytics are used globally by three of the ‘Big Four’ consultancies, major corporates and PE funds.
Founded in 2006, Beroe’s expertise, AI tools, and vast amounts of reliable data enable organsations to make smarter, faster, better procurement decisions. Beroe helps organisations sift through the data noise, mitigate risk, face fewer surprises, and ultimately gain a competitive edge.
“Beroe and Forestreet have both delivered on their missions to disrupt market intelligence, and we see tremendous potential in combining forces to deliver smarter, more integrated procurement solutions,” said Vel Dhinagaravel, Founder and CEO of Beroe. “Over the past eight years the Forestreet team has built something truly unique. They’ve been ahead of the curve in AI development, and we’re excited to bring this wealth of talent and market knowhow into Beroe.”
Beroe and Forestreet say they share a common purpose: challenging legacy approaches to market and supplier intelligence through cutting-edge technology. That alignment has been the foundation of Beroe’s initial strategic investment in Forestreet last year, and going forward, it forms the basis of a deeper integration.
Forestreet’s technology currently powers Beroe’s Supplier Discovery module, a core offering within the Beroe Live.ai platform. With this acquisition, Beroe will go further – transforming Supplier Discovery into a market-leading capability that enables users to find, evaluate, and engage suppliers with unmatched speed and precision.
According to the companies, customers of both Beroe and Forestreet will benefit from new solutions, accelerated by the acquisition, that bring together supplier identification and category intelligence as fully integrated, AI-driven capabilities within a unified procurement stack.
As part of the acquisition, Forestreet’s full team will join Beroe, bringing in a group of data scientists and engineers with experience in AI, including LLM development – an area in which Forestreet has been operating for over eight years.
The leadership team at Forestreet will take on expanded responsibilities within Beroe’s organizational structure, contributing to product development, AI strategy, and go-to-market execution.
“We are delighted to be joining Beroe, to enable us both to scale our AI innovations and to deliver even greater impact for our clients,” said David Doyle, Chairman and Founder of Forestreet. “It’s a very exciting new chapter for our team.”
This new deal marks Beroe’s second acquisition in under six months, following on from the addition of Berlin’s nnamu, a leading autonomous negotiation provider, in March 2025. Both acquisitions further expand Beroe’s on-the-ground European market presence.
Read the orginal article: https://www.eu-startups.com/2025/09/us-based-beroe-acquires-london-based-startup-forestreet-to-accelerate-ai-first-strategy-and-innovate-supplier-intelligence/
