Forbes Bulgaria · May 2026
Founder profile discussing Mandel AI’s thesis, Bulgarian office, revenue ambitions, and product direction.
Company research
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Overview
Mandel AI is a YC-backed AI supply chain coordinator for manufacturing and procurement teams. It plugs into email and ERP systems to read supplier communications, detect disruptions, reconcile documents, and automate follow-ups, RFQs, and other coordination work. Public sources suggest the company originated as Fynt AI; current profiles cite San Francisco as HQ and Bulgaria as an operating location, with a small distributed team.
Primary product
AI supply chain coordinator for procurement automation
Founded
2023
Headquarters
San Francisco, California, United States
Team size
1-10
Industry
Technology, Information and Internet
Sub-industry
AI supply chain coordination / procurement automation
Offices
San Francisco, California, United States
Sofia, Bulgaria
Business model
B2B SaaS
subscription
demo-led enterprise sales
Funding
Stage
Seed
Total raised
$3.9M
Latest round
Seed · Mar 2026
Latest amount
$3.9M
Mar 2026
People & investors
Leadership
Founder & CEO
Founder & CTO
Founding Engineer
Founding Engineer
Work & culture
Public signals point to a small, hands-on team that works directly with customers; the company emphasizes on-site observation at factories and warehouses, fast iteration, and building around real procurement workflows.
Product & market
Pricing
Public pricing is not disclosed; the company appears to sell via demo-led enterprise subscriptions.
Differentiators
- —Reads supplier email and documents directly instead of relying on manual updates
- —Integrates with existing email and ERP systems without migration or middleware
- —Uses plain-English SOPs / rules to drive autonomous actions
- —Automates follow-ups, RFQs, reconciliation, and discrepancy detection
- —Targets manufacturing procurement and supply-chain coordination specifically
- —SOC 2 Type II compliant
Technology
Gmail
Outlook
Yahoo Mail
IMAP
Google Workspace
Microsoft 365 / Office 365
SAP
Oracle
NetSuite
Dynamics 365
Odoo
Infor
Sage
PDF
Excel
Word
CSV
XML
EDI
Stripe
Customers
manufacturers
distributors
aerospace companies
pharma companies
industrial manufacturers
medical device companies
procurement teams
Competitors
Coupa
SAP Ariba
Zip
Procurify
Ivalua
GEP SMART
JAGGAER
Scale & contact
Estimated revenue
≈$15M ARR (third-party estimate; public sources vary and some are outdated)
Latest news
Mandel AI blog · Mar 2026
Company announcement of a $3.9M seed round backed by Y Combinator, Category Ventures, Ritual Capital, e2vc, and others; describes the product, customer use cases, and deployment details.
Tech.eu · Mar 2026
Coverage of the seed round and the company’s supply-chain automation pitch.
EU-Startups · Mar 2026
Details the Sofia-based startup, the seed financing, and the company’s product and market positioning.
Capital.bg · Mar 2026
Bulgarian-language profile of the funding round, company history, customer traction, and founder plans.
Jobs and careers at Mandel AI
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