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.
Empowering Businesses with AI-Powered Automation
In a world where tariff uncertainty and supply chain disruption are everyday challenges, businesses need more than just traditional solutions—they need intelligent systems that can adapt, learn, and evolve. That’s where agentic AI comes in. As 92% of Chief Procurement Officers (CPOs) have prioritized AI automation for 2025, we recognize the growing demand for tools that can simplify and accelerate procurement processes while reducing risk.
As we got to know Covalent, we recognized the unique technological edge they had built in automated purchasing tasks. Erin and Nicky had created a strong product that resonated deeply with their customers. It was a natural fit for Didero’s AI agents. Through the integration of our technologies, we can increase our accuracy in automating their entire source-to-pay workflow—from sourcing and supplier onboarding to requisition and invoice management. Our AI agents, which deploy in days instead of months, will now be even more powerful and capable of managing complex supplier communications with unparalleled precision.
Transforming Procurement with Advanced Automation
“Our acquisition of Covalent strengthens our AI agents' purchase order lifecycle management capabilities—the critical link for true end-to-end automation,” said Mohamed Barakat, our Head of Product. “By merging Covalent's technology with our own, we’re not just improving our agents—we’re helping our customers reduce lead times by up to 30% and achieve higher accuracy in invoice reconciliation. With this innovation, procurement teams can automate up to 90% of their routine tasks, giving them the freedom to focus on strategic initiatives that improve margins and drive business growth.”
Covalent has been recognized for its precision in streamlining purchasing tasks, improving on-time delivery, and enhancing data accuracy. We’re excited to bring this laser-focused technology into our comprehensive source-to-pay platform, further strengthening our ability to help businesses stay ahead of the curve in an increasingly complex and fast-paced world.
“We’ve always been committed to delivering highly accurate AI solutions that improve purchasing processes and supplier relationships,” said Erin Yaylali, co-founder of Covalent. “Joining forces with Didero allows us to scale our impact and integrate our technology into a complete solution that will benefit businesses across industries. We’re excited to contribute to Didero’s mission to revolutionize procurement.”
A Stronger Future Together
This acquisition is a major milestone for us as we continue to grow and expand our offerings. We believe that by combining Didero’s industry-leading agentic AI with Covalent’s advanced purchasing automation, we can offer the most comprehensive solution in the market today. Together, we are creating a future where procurement teams are empowered to focus on the bigger picture, driving value and improving margins, while routine tasks are handled seamlessly by intelligent AI agents.
We’re incredibly excited about the future and look forward to helping businesses around the world automate their procurement processes and navigate the complexities of global trade. Stay tuned as we continue to innovate and bring more transformative solutions to the market.
Thank you for being part of our journey.
