Didero Acquires Covalent AI to Boost Procurement Automation

What Happened

Procurement AI company Didero has announced the acquisition of Covalent AI, a move aimed at expanding its artificial intelligence capabilities in supply chain and sourcing automation. Didero, already specialized in leveraging AI for procurement data insights, will integrate Covalent AI\’s technology to further streamline complex sourcing tasks and decision-making processes. The merger is set to strengthen Didero\’s position in helping global enterprises optimize procurement operations, automate workflows, and reduce manual administrative workloads. Details about the deal size and integration timeline remain undisclosed, but both companies are expected to combine their teams and resources to accelerate product development.

Why It Matters

The procurement and supply chain sector is rapidly adopting AI-driven tools to improve efficiency and manage the complexities of global sourcing. Didero\’s acquisition of Covalent AI will likely set a benchmark for digital transformation in procurement, boosting automation, analytics, and cost savings. Read more in our AI News Hub