Mandel AI, a Sofia-based startup specialising in AI supply chain coordination that assists manufacturers manage supplier coordination, detect disruptions, and automate procurement, has closed a €3.6 million Seed round.
The round was supported by Y Combinator, Category Ventures, Ritual Capital, e2vc, and other leading Silicon Valley investors and angels.
“Every supply chain system was built to track what happened. None were built to read and act on what’s happening right now. Sales has Gong. Legal has Harvey. Finance has Ramp. We built the AI for the people who keep supply chains running,” stated Nick Gospodinov, Founder and CEO.
Founded in 2023, Mandel AI aims to replace the spreadsheets and email chains that still run most industrial supply chains today. It surfaces supply chain disruptions and supplier updates with email AI.
According to the company, the platform sits on top of existing email and ERP systems, applying purpose-built AI agents to read supplier communications, extract critical data, reconcile documents like PO confirmations and invoices, and act autonomously. It follows up with suppliers, flagging discrepancies, and escalating issues based on company-defined rules.
The startup claims that one procurement manager working with Mandel agents can now coordinate tinquires that previously required an entire team: reading, reconciling, and acting on hundreds of supplier emails daily, around the clock.
With the new funding, Mandel aims to become the go-to API for international trade communication, facilitating autonomous supply chain management for all manufacturers and distributors across North America and Europe.
Mandel reports that it has already processed over €920 million in material spconclude for clients in aerospace, pharma, industrials, and similar complex manufacturing industries.
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