Rivvun AI raises $7.55 M Seed funding from Sitara Capital and 3one4 Capital
In a seed fundraising round co-led by Sitara Capital and 3one4 Capital, Rivvun AI, a startup that helps businesses plug revenue and procurement leakages, has raised $7.55 million.
The company’s AI skills will be strengthened, its team will grow, and customer acquisition activities will be scaled across key sectors with the help of the recently raised funding.
Rivvun AI, which was founded by former Icertis executives Anand Veerkar and Niranjan Umarane, creates software that helps big businesses identify missing commercial obligations, supplier rebate losses, pricing irregularities, and settlement-related gaps that frequently affect profitability.
The startup’s platform connects with enterprise systems such as ERP, CRM, and procurement software to uncover unrealized revenue and cost-saving opportunities. It currently offers solutions spanning procurement-focused spend assurance and revenue protection use cases.
Headquartered in Seattle with an engineering base in Pune, Rivvun AI is targeting large global enterprises across industries including healthcare, banking, consumer goods, retail, and manufacturing.
Before founding Rivvun AI, Veerkar and Umarane spent over a decade at enterprise contract management firm Icertis, where they were part of the leadership team during a period of rapid scale. The company was launched earlier this year and counts software entrepreneur Patrick Linton among its founding team members.
