By Riley Kaminer
When Antonio Goncalves worked in procurement at Microsoft, he kept running into the same problem: contracts. Not the flashy kind. Not the big-negotiation, high-drama deals. The buried ones. The old ones. The ones sitting in shared drives, forgotten but still enforceable.
That frustration eventually led him to co-found Vallor, a Miami-based startup built to put enterprise contracts on autopilot. Instead of simply organizing files or sending reminders, Vallor uses AI agents that manage procurement contracts from end to end, surfacing hidden risks, tracking obligations, and eliminating the mountain of manual work that often paralyzes procurement teams.
“Procurement is meant to be a strategic driver, but many teams are drowning in contract management overhead,” said Goncalves, now CEO of Vallor. “Our AI agents do the heavy lifting: finding what matters, flagging what’s at risk, and delivering real-time insights from contracts, including legacy contracts that have been sitting dormant.”
“This isn’t just about speed,” he continued. “It’s about giving teams a strategic edge they’ve never had before.”
That pitch is clearly resonating. Vallor just raised $4 million in an oversubscribed seed round led by Dynamo Ventures and Bloomberg Beta, with participation from Liquid 2 Ventures, El Cap Ventures, Rock Yard Ventures, and notable angels including Immad Akhund and Sean Henry through Sequoia’s Scout Fund.
According to Vallor, this funding will allow the company to expand its team in Miami and remotely, and to continue pushing deeper into AI-powered automation and supplier performance analytics.
The numbers they’re targeting are massive. Enterprises drive $66 trillion of the $120 trillion in global B2B transaction volume, yet most procurement teams are stuck using outdated tools… or no tools at all.
And companies are paying the price: about 9% of annual revenue lost due to poor contract management.
Enter Vallor’s AI agents, which promise to bring those losses down by making contracts fully searchable, actionable, and useful. The software isn’t designed for legal teams, like most of the older platforms. Instead, Vallor is specifically built with procurement in mind.
“We’re not just streamlining workflows – we’re eliminating admin work entirely,” said Jake Vollkommer, Vallor’s CTO and co-founder. “By embedding AI into every user interaction, Vallor empowers procurement teams to spend less time chasing down contract details and more time driving strategic supplier relationships.”
Vallor reports that some of the Fortune 500 companies using the platform have cut contract review times from days to minutes. Others are surfacing obligations and compliance gaps they didn’t even know existed, unlocking insights from old agreements that had never been fully analyzed.
As Jon Bradford, Managing Partner at Dynamo Ventures, put it: “Vallor is bringing deep technical innovation to an underserved but mission-critical function. Their AI-first approach transforms contract management into a strategic advantage for procurement organizations, and we’re proud to support their continued momentum and impact.”
Pictured at the top of this post: Vallor co-founders Antonio Goncalves, CEO, at left, and CTO Jake Vollkommer
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