We’re excited to share that we have acquired Covalent AI, a leader in AI-powered purchasing solutions. This acquisition is a significant step forward in our mission to provide fully automated, end-to-end supply chain and procurement operations through agentic AI. By combining our strengths, we are advancing our vision of making trading across the world as easy as trading across the street, helping our customers navigate an increasingly uncertain trade landscape.

Since President Trump's re-election, global trade wars have become dramatically more aggressive and disruptive than many anticipated. The result is a seismic shift in global trade that is only just beginning to play out. AI-driven procurement solutions offer a clear path to navigate these complexities.

Following America’s election of Donald Trump to a second term in office, businesses are once again bracing for shifts in the trade landscape, especially with the possibility of sweeping tariffs targeting imports from both China and other countries. For manufacturers and distributors dependent on intricate global supply chains, this represents a looming challenge and a strategic opportunity to adapt.

Today, we are thrilled to introduce Didero and announce $7M in seed funding to make trading with companies around the world as easy as trading across the street. Our procurement agent integrates with our customers’ existing systems and uses AI trained on best practices in supply chain management to automate the most common procurement workflows — from chasing down suppliers to running an entire RFQ process.