AI-native sourcing platform Zinit raises $8 million in funding at a valuation of $48 million

Zinit, the AI-native sourcing platform, today announced it has raised $8 million in a seed round led by AltaIR Capital at a valuation of $48 million.

The round also included participation from DVC, early backers of leading AI companies such as Perplexity, who will advise Zinit on its AI strategy.

While the funding fuels global expansion, the startup is targeting the Indian market's massive shift toward digital procurement. To spearhead this growth, it has appointed Naveenn Suri as Regional Director for India. A veteran of the industry, Suri brings over 25 years of experience in supply-chain transformation, having previously served as a Partner at EY, where he led the firm’s SAP Ariba practice across India.

"Indian enterprises are aggressively moving beyond basic digitization toward intelligent automation. CFOs and CPOs here are looking for immediate ROI and governance, not year-long implementation cycles. Zinit’s ability to automate supplier discovery and negotiation—while guaranteeing cost savings—resonates perfectly with the Indian market’s focus on efficiency and bottom-line impact. I look forward to scaling our operations here and helping more Indian businesses streamline their sourcing," said Naveenn Suri, Regional Director for India at Zinit.

Zinit automates and brings full transparency to the sourcing process through its “procurement-as-a-service” model. The platform helps businesses launch competitive sourcing events instantly without complex integrations, leveraging AI to prepare best-in-class RFPs and engage new suppliers, and pairing cutting-edge technology with localized execution to deliver measurable savings at speed.

The startup claims that it operates across 5 countries, serving 100+ enterprise customers with a network of 100,000+ suppliers.

Anton Buzdalin, Co-Founder and CEO of Zinit, commented, “This new funding allows us to accelerate our AI roadmap and deepen our presence in our fastest-growing markets. India has been central to our growth story, and the appetite for digital transformation among Indian enterprises is immense. By bringing Naveenn on board, we are reinforcing our long-term commitment to this region, ensuring we have the right leadership to support our clients as they modernize their procurement functions.”

The new funding will primarily fuel product development and international growth. As part of this global scaling strategy, Zinit is aligning its senior leadership in other geographies, including the appointments of Michel Boczko as Regional Director for Latin America and Stan Moskovtsev (ex-McKinsey) as CEO for the United States.

Igor Ryabenkiy, Founder and Managing Partner at AltaIR Capital, added: "Zinit is tackling a massive problem with a platform showing strong adoption in fast-growing markets like India. Their ability to combine AI-driven technology with local market execution makes them uniquely positioned to lead globally in B2B procurement systems."