Turkish Airlines Venture Capital Investment Fund (GSYF) has completed its first investment, backing Turkish procurement-tech startup Vendorside, a company developing AI-powered procurement, supply chain, and enterprise decision-making solutions.
The investment marks a significant step for both the airline’s corporate venture capital strategy and Türkiye’s growing enterprise AI ecosystem. Vendorside plans to use the new capital to strengthen its artificial intelligence infrastructure, expand its AI agent technologies, accelerate product development, and support international growth initiatives.
As organizations worldwide increasingly adopt AI-driven procurement and operational management systems, enterprise software providers are racing to deliver more intelligent, automated, and data-centric solutions. According to PwC, procurement departments expect to digitally transform nearly 70% of their processes by 2027, positioning procurement technology as one of the most strategic areas of enterprise digital transformation.
Vendorside’s platform brings together strategic sourcing, procurement management, supplier relationship management, contract lifecycle management, spend analytics, and invoice-to-pay operations within a unified ecosystem. The company aims to help enterprises improve visibility, accelerate decision-making, reduce costs, and optimize procurement performance.
Alongside its procurement platform, Vendorside has developed Orchaside, an enterprise AI platform that enables organizations to create custom AI agents, build intelligent workflows, and deploy data-driven decision systems. Built on a multi-agent architecture, the platform is designed not only to automate existing processes but also to enable predictive, self-learning, and continuously optimizing operational models.
The investment comes at a time when AI-powered procurement, supply chain intelligence, and enterprise automation are attracting growing attention from investors globally. According to Grand View Research, the AI procurement market is expected to grow at a compound annual growth rate (CAGR) of 36.6% between 2024 and 2030.
Vendorside says its solutions can deliver up to 40% procurement cost savings, reduce transaction processing times by 30–50%, and improve operational efficiency by 25–40% through AI-enabled automation and decision support systems.
Commenting on the investment, Vendorside Co-Founder Mehmet Taha Doğruyol said the company is building for a future where AI agents become an integral part of enterprise workforces.
“Enterprise software is entering a new era. Companies will no longer rely solely on systems that digitize processes; they will increasingly work alongside AI agents capable of analyzing data, predicting risks, and taking autonomous actions when necessary,” said Doğruyol.
He added that while Vendorside’s procurement platform strengthens operational foundations for enterprises, Orchaside is designed to help organizations build their own AI-powered workforce. “The fact that Turkish Airlines Venture Capital Fund selected Vendorside as its first investment validates both our technology and our vision. Our goal is to become a globally recognized enterprise AI and procurement-tech company emerging from Türkiye.”
Source: egirisim.com
