Source: zawya

Inception, a G42 company specializing in AI-native products, has signed a Memorandum of Understanding with Fairmarkit, a U.S.-based leader in procurement sourcing automation. Signed at the IDC Middle East CIO Summit 2025, the collaboration will integrate Fairmarkit’s AI powered autonomous sourcing technology into Inception’s AI-powered procurement ecosystem.

“We are thrilled to partner with Fairmarkit on this transformative initiative,” said Ashish Koshy, Chief Operating Officer, Inception. “This collaboration is a milestone in the evolution of enterprise procurement across MENA. By combining Fairmarkit’s groundbreaking sourcing solution with Inception’s own advanced AI capabilities, we’re not only enhancing procurement efficiency but also fundamentally reimagining how businesses source, contract, and manage suppliers.”

“This partnership marks a pivotal moment for the MENA region’s procurement landscape,” said Kevin Frechette, CEO and Co-Founder of Fairmarkit. “Together with Inception, we’re introducing an AI-driven solution that will fundamentally disrupt traditional procurement processes. Our combined expertise will empower businesses to make faster, smarter, and more strategic sourcing decisions. This is more than just a solution—it’s the beginning of a new era in procurement that will redefine how enterprises across MENA achieve operational excellence.”