Procurement AI firm Didero acquires Covalent AI
· Source: dcvelocity.com
In short
Didero, a New York startup specializing in AI agents for procurement tasks, has acquired Covalent AI to enhance automation of supply chain and procurement operations from source to pay. This acquisition extends Didero’s AI capabilities into purchase order management, enabling users to automate up to 90% of routine procurement tasks and reduce lead times by 30%. The integrated platform employs large language models to interact with business systems and automate sourcing, supplier management, and invoice reconciliation.
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In the issue of week 30, 2025: AI-Driven Automation and Security Redefine Global Supply Chains
Tags: procurement, automation, supply chain, AI agents, purchase orders