When was Mandel AI founded?

Mandel AI was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Mandel AI located?

Mandel AI is headquartered in Dover, United States.

How many employees does Mandel AI have?

As of Jan 31, 2026, the latest employee count at Mandel AI is 12.

Is Mandel AI a funded company?

Mandel AI is a funded company, having raised a total of $4.61M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 01, 2023.

When was the latest funding round of Mandel AI?

Mandel AI's latest funding was a $***** Seed round on Mar 16, 2026, with participation from 4 investors.

Where does Mandel AI rank among its competitors?

Mandel AI ranks 291st amongst 454 active competitors, of which 60 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Fintary, which secured $10M in Nov, 2025.

Who are the top competitors of Mandel AI?

Mandel AI's top competitors include Omnea, Stotles and Arkestro. Among them, Mandel AI secured the most recent funding round in March, 2026.

Mandel AI - 2026 Company Profile, Funding & Competitors

Company Details

AI procurement agent automates supply chain processes from quote to delivery. It offers autonomous request for quotations, order monitoring, and intelligent data entry. The AI extracts supply chain details from emails and documents, tracks updates across supplier communication channels, and proactively checks suppliers for order updates. It also reconciles documents and resolves mistakes. The company unifies disparate supply chain data to allow for intelligent monitoring and decision making.

Key Metrics

Founded Year

2023

Location

Dover, United States

Stage

Seed

Total Funding

$4.61M in 2 rounds

Latest Funding Round

Seed, Mar 16, 2026, $*****

Investors

e2vc

Ranked

291^st among 454 active competitors

Employee Count

12 as on Jan 31, 2026

Similar Companies

Omnea & 572 more

View Mandel AI's full profile

Mandel AI has raised a total funding of $4.61M over 2 rounds. Its first funding round was on Jan 01, 2023. Its latest funding round was a Seed round on Mar 16, 2026 for $*****. 4 investors participated in its latest round. Mandel AI has 1 institutional investor.

Here is the list of recent funding rounds of Mandel AI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 16, 2026	6046353	Seed	2957964	2927140	3840797	8052420
Jan 01, 2023	1711396	Seed	6447360	9043009	3321301	Y Combinator

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View details of Mandel AI's funding rounds and investors

Mandel AI's employee count trend

Mandel AI has 12 employees as of Jan 26. Here is Mandel AI's employee count trend over the years:

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Top competitors of Mandel AI include Omnea, Stotles and Arkestro. Here is the list of Top 10 competitors of Mandel AI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Omnea 2021, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$138M	Accel, Insight Partners & 16 others	64/100
2nd	Stotles 2019, London (United Kingdom), Series A	Cloud-based platform for procurement management	$21.6M	Seedcamp, Headline & 14 others	60/100
3rd	Arkestro 2017, San Francisco (United States), Series A	AI-powered procurement platform to optimize buying decisions for enterprises	$78M	New Enterprise Associates, Aramco Ventures ... & 20 others	58/100
4th	Concertiv 2014, New York (United States), Series A	Provider of web-enabled end-to-end procurement management solutions	$6.62M	Long Arc Capital, Redwood Partners & 2 others	58/100
5th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	Pitango, NFX & 6 others	56/100
6th	CobbleStone Software 1995, Princeton (United States), Unfunded	Provider of contract lifecycle management, vendor management, and e-procurement software	-	-	54/100
7th	BirchStreet Systems 2002, Newport Beach (United States), Series B	Developer of cloud-based procure-to-pay software for hospitality and food service	$2.04M	Nadavon Capital Partners, Parthenon Capital ... & 1 others	54/100
8th	Fintary 2021, San Francisco (United States), Series A	Automated payout solutions for revenue operations	$10M	Sierra Ventures, Harlem Capital & 1 others	52/100
9th	Periscope Holdings 2001, Austin (United States), Acquired	Offers web-based e-Procurement solutions	$4.5M	Tritonfinancial, Parthenon Capital	52/100
10th	Aerchain 2016, Bengaluru (India), Seed	AI and cloud-enabled end-to-end procurement management solutions	$3.99M	Telama Investments, IndiaMART & 8 others	50/100
291st	Mandel AI 2023, Dover (United States), Seed	AI procurement agent automates supply chain processes from quote to delivery	$4.61M	e2vc	42/100