Overview
Mandel AI, a Sofia-based startup, has raised €3.6 million in seed funding to enhance supply chain coordination through AI tools. The platform addresses issues in supplier management and procurement automation, allowing a single procurement manager to handle tasks previously requiring a full team. Key investors include Y Combinator and several Silicon Valley backers. The company has processed over €920 million in material spending for clients in various sectors and aims to become a leading API for international trade communication.
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Investors: Y Combinator
Mandel AI, a Sofia-based startup, has raised €3.6 million in seed funding to enhance supply chain coordination through AI tools. The platform addresses issues in supplier management and procurement automation, allowing a single procurement manager to handle tasks previously requiring a full team. Key investors include Y Combinator and several Silicon Valley backers. The company has processed over €920 million in material spending for clients in various sectors and aims to become a leading API for international trade communication.