Point Of View
7.17.2024

Investing in Didero: Pioneering the Future of Global Trade & Procurement with AI

Supply chains are the backbone of global trade, facilitating the movement of $32 trillion worth of goods annually. However, the increasing complexity of these networks, driven by geopolitical shifts, regulatory changes, and the need for greater resilience, urgently demands more advanced solutions. What was once a relatively straightforward process has now turned into a global labyrinth.

Compounding these challenges is the lack of modern tools to help procurement teams manage their workload. Traditional supply chain management systems — often outdated, inflexible, and inefficient — struggle to keep pace with these demands across a highly fragmented and diverse set of suppliers. Many rely on outdated software, spending as much as 86% of their time on routine and reactive tasks, with 50% of that time managing purchase orders alone. Critically, 95% of these teams’ most critical data remains unstructured and underutilized.

At Construct, we’re keenly aware that AI is poised to completely transform foundational industries, and we’ve long believed that supply chain and procurement, with its myriad of unstructured data and manual, repetitive processes, is a clear early application for new generative AI approaches. The integration of AI into supply chain management is not just a technological advancement but a paradigm shift that will redefine how businesses operate. Today, we’re thrilled to announce one of our latest investments behind that thesis: Didero.

Didero is creating the first autonomous supply chain, leveraging AI to centralize supplier information, streamline communication, and automate repetitive workflows. Their platform is designed to integrate seamlessly with existing systems, transforming unstructured data into actionable insights and freeing up supply chain teams to focus on far more strategic work. Starting first with supplier relationship management, Didero’s AI agents will ultimately work end-to-end, enabling efficient sourcing, onboarding, purchase order management, invoice management, and payments across complex environments.

Didero’s solution is designed to help companies streamline complexity and reduce manual processes, saving both time and money, and this is hands down the best team to do it. The founding team of Tom, Tim, and Lorenz brings a wealth of experience in supply chain and company building. As multi-time founders, their personal and professional journeys reflect a commitment to using technology to create a more interconnected and resilient world. They are already off to the races making global trade as easy as trading locally.

We are thrilled to announce our seed investment in Didero, alongside First Round Capital, Box Group, Conviction, and AI Grant. You can learn more about the company via TechCrunch, and the team. And if you’re interested in joining the team, they are hiring in NYC.