Coupa acquires Tonkean in second AI deal within two weeks

Coupa acquires Tonkean to build autonomous procurement network

Coupa announced Wednesday it is acquiring Tonkean, a workflow automation startup, marking the company's second AI-focused acquisition in less than two weeks. The deal follows Coupa's May 12 purchase of Rossum, an intelligent document processing firm.

Financial terms were not disclosed.

Coupa plans to integrate Tonkean's workflow orchestration and AI automation tools into what executives call an "agentic trade network"-a system designed to automate procurement, invoicing and supplier transactions across global supply chains.

What Tonkean brings to the table

Founded in 2015 and based in Palo Alto, Tonkean built a no-code workflow platform used by procurement, legal and operations teams to automate intake, approvals and internal processes. The platform includes more than 250 native connectors and supports multi-agent orchestration, allowing companies to automate complex workflows without replacing existing software.

Coupa said the technology can reduce operational cycle times by 50% and free operations teams from more than 30 hours per week of manual work by eliminating handoffs and repetitive tasks.

Part of a larger strategy

The acquisition fits into a broader AI expansion Coupa outlined at its Inspire 2026 conference earlier this month in Las Vegas. During the event, the company unveiled products including Coupa Compose and Coupa Catalyst, emphasizing the role of AI agents and orchestration in supply chain management.

Tonkean is Coupa's fourth acquisition tied to autonomous spend management, following purchases of Cirtuo, Scoutbee and Rossum.

Coupa said it has processed more than $10 trillion in cumulative spend data over two decades and is using that dataset to build AI-native procurement applications.

Salvatore Lombardo, Coupa's chief product and technology officer, said the integration gives customers "best-in-class orchestration and the best spend platform they already trust, in a single, unified agentic architecture."

Learn more about AI Agents & Automation in enterprise operations, or explore how AI for Executives & Strategy applies to procurement and supply chain decisions.