About Mithra

We built Mithra to fix procurement's data foundation.

Every ambitious procurement team hits the same wall: spend data too fragmented to trust, let alone run AI on. Mithra fixes it at the source, one governed foundation, built once and kept clean.

The Mithra founding team
Why Mithra exists

The problem we kept seeing in procurement organizations

Mithra was founded by a team that had spent years working with enterprise procurement organizations and kept running into the same wall: brilliant procurement leaders with ambitious transformation programs, blocked at every turn by data that wasn't trustworthy enough to build on.

The dashboards existed. The ERP systems had the data. But the taxonomy wasn't consistent. The supplier list was a mess. The category codes hadn't been reviewed in five years. Every analytics project started with weeks of data cleanup before any real analysis could happen.

We built Mithra because that problem deserved a purpose-built solution. Not a general-purpose data cleaning tool. Not another layer of dashboards over dirty data. A procurement-native platform that understands spend classification, supplier normalization, taxonomy governance, and opportunity analysis at the depth enterprise organizations require.

The name Mithra comes from the ancient deity of contracts and the rising sun, an entity associated with truth, keeping promises, and illuminating what was previously in the dark. That felt right.
Our mission

Clean data for agentic procurement.

Mithra's mission is to give every enterprise procurement organization a trusted data foundation, clean, classified, governed, and ready for AI agents, analytics, and savings execution. We believe procurement should not have to fight its own data to do its job.

The case for data foundation first

Procurement agents are only as good as the data they reason over.

The industry is embracing AI agents, autonomous sourcing, and intelligent automation. These capabilities are genuinely powerful but they're fundamentally dependent on clean, governed, semantically consistent data to produce trustworthy outputs.

See the product
Procurement intelligence

Same question. Same agent. Two answers.

It's the same AI assistant both times, and it asked the same question.  The only difference is the data beneath it, raw on the left, prepared by Mithra on the right.

Scenario 01 · Taxonomy & categorization
Copilot
How much did we spend on marketing in FY2026?
€6.8MWrong
FY2026 marketing spend
Message Copilot
CopilotPowered by Mithra data
How much did we spend on marketing in FY2026?
€9.4MCorrect
FY2026 marketing spend
Message Copilot
?Same agent, same question, so why two different answers?
Root causes
Overlapping taxonomy + Misclassified spend
Copilot Bad data
MarketingMarketing TechnologyMarketing Software
ITSoftwareSaaS Applications
Two valid homes — the agent picks one.
Copilot Good data
TechnologyBusiness ApplicationsMarketing Automation Software
One home, classified by function.
Scenario 02 · Supplier hierarchy & relations
Copilot
What was our total FY2026 spend with Microsoft?
€3.2MWrong
total Microsoft spend
Message Copilot
CopilotPowered by Mithra data
What was our total FY2026 spend with Microsoft?
€8.7MCorrect
total Microsoft spend
Message Copilot
?Same vendor, same year — so where is the missing €5.5M hiding?
Root cause
Suppliers not normalized
Copilot Bad data
Recognised as Microsoft6
Microsoft Ireland Operations LtdMICROSOFT IRELANDMicrosoft CorporationMicrosoft BVMicrosoft EMEAMICROSOFT 365
Not recognised as Microsoft2
MSFT AzureMS Corp.
Two aliases slip the net — spend undercounted.
Copilot Good data
Grouped as Microsoft by Mithra8
Microsoft Ireland Operations LtdMICROSOFT IRELANDMicrosoft CorporationMicrosoft BVMicrosoft EMEAMICROSOFT 365MSFT AzureMS Corp.
One vendor, one complete relationship.
Scenario 03 · Material harmonization
Copilot
How many purchases do we have of 30 mm 316L stainless-steel pipe?
2Wrong
matching purchase records
Message Copilot
CopilotPowered by Mithra data
How many purchases do we have of 30 mm 316L stainless-steel pipe?
25Correct
matching purchase records
Message Copilot
?We buy this pipe across six plants — so why can the agent only find two?
Root cause
Materials not harmonized
Copilot Bad data
Recognised as the same part3
SS PIPE 30MMTUBE 316L 30X2316L PIPE DN30
Not recognised as the same part3
PIPE INOX 3CMROHR EDELSTAHL 30X2TUBO INOX 30 MM 316L
Language and format variants read as different parts.
Copilot Good data
Grouped as the same part by Mithra6
SS PIPE 30MMTUBE 316L 30X2316L PIPE DN30PIPE INOX 3CMROHR EDELSTAHL 30X2TUBO INOX 30 MM 316L
Equivalent items compared across the enterprise.
Summary

Trusted agents require trusted data.

01

Highly optimised, benchmarked taxonomy

Mutually exclusive categories, benchmarked against industry, so every transaction has exactly one home.

02

Correctly classified spend

Totals reflect every relevant transaction, not just the obvious ones.

03

Normalized supplier identities

One vendor, one complete relationship across every alias and entity.

04

Harmonized material specifications

Equivalent items compared across the enterprise, in any language or format.

Agents don't remove the need for data management. They make its quality consequential.

Mithra keeps the taxonomy, suppliers, and materials beneath your agents clean — so the answers stay right.

Recognition

Recognized for procurement data innovation

Spend Matters Future 5

Google Cloud Partner

25 Hottest European Procurement Startups

The team

Built by people who understand procurement data deeply

Mithra is built by a team with deep roots in enterprise procurement, data engineering, and applied AI across Amsterdam and Eindhoven.

Advisors & investors

Backed by the people who built modern procurement.

Every procurement team runs into the same wall, the data underneath it isn't clean. Mithra is solving that foundational problem, and that's what makes everything above it work.
Noah EisnerNoah EisnerFounder of Coupa
Procurement has spent a decade buying analytics and AI on top of data nobody trusts. Mithra fixes the layer everyone else skipped.
Dr. Marcell VollmerDr. Marcell VollmerEx VP, SAP & Celonis
I've spent my career in spend analytics, the hardest part was never the dashboard, it was the data. Mithra has built exactly the foundation this market has been missing.
Fabrice SaporitoFabrice SaporitoEx CEO, Sievo
The move to agentic procurement only works if the data underneath is governed and reliable. Mithra is building that backbone the right way.
Moritz ZimmermannMoritz ZimmermannEx CTO, SAP & Founder of Hybris
Where we are

Based in the Netherlands

Amsterdam headquarters
AmsterdamPrimary headquarters
Eindhoven technology office
EindhovenTechnology and product

Want to see what Mithra can do with your procurement data?

Our team understands procurement data challenges because we built a product specifically to solve them. Let's talk about yours.