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AI Automates Global Procurement
13 Feb
Summary
- Didero raised $30 million in Series A funding.
- The company uses generative AI to automate supply chain complexities.
- Its platform acts as an agentic AI layer for manufacturers and distributors.
Didero, a startup focused on automating global procurement, has successfully raised $30 million in a Series A funding round. The investment was co-led by Chemistry and Headline, with participation from Microsoft's venture fund, M12. This funding will support Didero's mission to simplify the intricate processes involved in manufacturing and distribution supply chains.
Launched in late 2023 by Tim Spencer, Lorenz Pallhuber, and Tom Petit, Didero aims to tackle the manual complexities that Spencer experienced firsthand. The company's platform utilizes generative AI to process natural language communications like emails and purchase orders. It acts as an agentic AI layer atop existing ERP systems.
Didero's technology ingests supplier communications and automatically updates systems, effectively putting a significant portion of the procurement workflow on autopilot. The company's goal is to enable a seamless transition from identifying a product need to finalizing payment with minimal manual effort.
While competitors like Levelpath focus on corporate purchasing, Didero specifically targets manufacturers and distributors needing raw materials. Unlike smaller players that handle only parts of the process, Didero manages the entire procurement cycle, from initial quotes to final payments. The company currently serves dozens of clients, including Footprint.
