Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and the eighth-largest aluminum producer. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40%more
Fairmarkit is an autonomous sourcing platform based in Boston, founded in 2017. The company leverages artificial intelligence and generative AI to automate and optimize enterprise procurement processes, aiming to help organizations purchase goods and services efficiently.
The platform specializes in automating the sourcing lifecycle with features such as automated sourcing event management, tail spend management, and AI-powered workflows. It integrates with external marketplaces like Amazon Business and connects with enterprise resource planning and procure-to-pay systems to streamline source-to-award workflows. Fairmarkit has demonstrated significant business impact, including a 300% increase in events sourced per buyer and over 11% cost savings across categories.
Fairmarkit serves a diverse range of large enterprises, including notable clients like Boeing, Walgreens, and Nestlé. The company was founded by Kevin Frechette and Tarek Alaruri, supported by a leadership team with expertise in finance, engineering, and customer success.
Podium is a technology company based in Lehi, Utah, founded in 2014. It offers a cloud-based software-as-a-service (SaaS) platform designed to enhance customer communication, manage online reputation, and streamline payments and marketing for local businesses.