Rivvun AI, a startup focused on helping enterprises plug revenue and procurement leakages, has secured $7.55 million in a seed funding round co-led by Sitara Capital and 3one4 Capital.
The newly raised capital will be deployed towards strengthening the company's AI capabilities, expanding its workforce, and scaling customer acquisition efforts across key sectors.
Founded by former Icertis executives Anand Veerkar and Niranjan Umarane, Rivvun AI develops software that enables large organizations to detect missed commercial obligations, supplier rebate losses, pricing inconsistencies, and settlement-related gaps that often impact 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.
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