Procurement is not sexy. It is inbox chaos at 11:47 p.m., a spreadsheet sweating bullets, a purchase order stuck between sent and where is my shipment while a factory floor stares at the clock. That...
Procurement is not sexy. It is inbox chaos at 11:47 p.m., a spreadsheet sweating bullets, a purchase order stuck between sent and where is my shipment while a factory floor stares at the clock. That operational tension most people ignore is exactly why Didero matters right now.
Didero, the New York based software company founded in 2023, just secured $30M in Series A funding to put manufacturing procurement on agentic autopilot. The round was co-led by Chemistry and Headline, with participation from M12, Microsoft’s Venture Fund. Add a roughly $7M seed led by First Round Capital with AI Grant, Construct Capital, BoxGroup and Company Ventures, and you are looking at at least $37M in disclosed capital aimed at one of the most overlooked functions in the enterprise stack.
Congratulations to Tim Spencer, Co-founder and CEO, Tom Petit, Co-founder with AI and ML roots, Mathematics and Computer Science at the University of Cambridge and an MBA from Stanford GSB, and Lorenz Pallhuber, Co-founder and former McKinsey procurement specialist who spent around 7 years advising Fortune 500 companies on supply chain software. Operators who have felt the friction tend to build differently.
The origin story is grounded in experience. Tim Spencer managed procurement and supply chain at Markai across fragmented emails, chat apps and ERPs before selling the company in 2023. Instead of accepting the mess, he mapped it. Pair that with Tom Petit’s experience as technical co-founder and co-CEO at Landis and Lorenz Pallhuber’s frontline exposure to enterprise procurement complexity, and you get a team fluent in both code and consequence.
Didero’s agentic AI reads supplier emails, interprets purchase orders and packing lists, runs RFQs, follows up on order status, flags discrepancies and writes back into existing ERP and finance systems. It is integration first and built for direct goods procurement in manufacturing and distribution where workflows still live across inboxes and spreadsheets. This is the last mile of supply chain intelligence, automated.
By early 2026, Didero was working with dozens of customers. Footprint, the sustainable plant based packaging company, saw AI agents autonomously handle mission critical procurement tasks within weeks of deployment. In a market where implementations can drag, that speed matters.
Kristina Shen of Chemistry and Taylor Brandt of Headline co-leading the round signals belief that agentic AI belongs in the operational core. Cheryl Cheng and M12 connect Didero to Microsoft’s manufacturing ecosystem, aligning capital with reach.
The Series A will expand engineering, build out go to market and customer success, and extend automation deeper across procurement with eyes on sourcing and payments. For manufacturers and distributors managing global supply chains, Didero is selling time, visibility and control where margin quietly leaks every day.