In 2020, supply chain disruptions surged by 67%, with 83% of these issues stemming from human factors across various stages of the process—from suppliers and traders to banks and manufacturers. This has brought unprecedented focus to the critical role of technology in enhancing supply chain transparency and flexibility. Visibility and automation tools are now at the forefront of efforts to bolster the resilience of our global, interconnected supply networks. Didero emerges as a solution tailored to serve the needs of mid-market manufacturers. This AI-powered procurement platform automates common supply chain workflows, bridging a crucial gap in the industry. While large manufacturers can afford sophisticated ERP and supply chain systems, these solutions often remain out of reach for smaller players due to cost and technical constraints. Didero integrates seamlessly with existing data and communication infrastructures, streamlining key processes including sourcing, supplier onboarding, purchase order management, invoice processing, and payments. As a centralized system, it offers unparalleled visibility by synthesizing information from disparate documents. This not only enhances operational clarity but also yields significant time and cost savings by minimizing the need for manual procurement management.
AlleyWatch caught up with Didero Cofounder Tom Petit to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…
Who were your investors and how much did you raise?
$7M from First Round Capital, Construct Capital, AI Grant, Box Group, Company Ventures, and Conviction and a number of prominent angels across AI and supply chain.
Tell us about the product or service that Didero offers.
Didero is an AI procurement agent that automates the most common supply chain workflows for mid-market manufacturers. Because our customers spend so much effort doing manual work to manage procurement, we can save them huge amounts of time and money.
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