Rivvun AI Raises $7.55 Mn in Seed Round led by Sitara Capital

The new funding will help Rivvun AI improve its AI technology, hire more people, and expand its customers in key industries.

“Customers don't want technology, customers want outcomes and results. We're focussed on technology as a means to deliver business results, not as an end in itself,” said Cofounder Niranjan Umarane.

“We’ve invested in enterprise technology for years. The winners tie their value directly to a number the CFO can see on the P&L. Rivvun does exactly that with precision rare for a company at this stage — and with a founding team that has already built a category-leader in this space ” said Sachin Bhanot, Managing Partner, Sitara Capital.

Rivvun AI was started by Anand Veerkar, Niranjan Umarane (who are former senior leaders at Icertis), and Singapore-based entrepreneur Patrick Linton.

The company helps big businesses find money they are losing without knowing it. This can happen because of contract errors, wrong bills, operational mistakes, or inefficient processes.

Rivvun AI uses AI “agents” to check contracts, invoices, and company data. These AI tools help identify where money is being lost or spent incorrectly in large organizations.

The company says that businesses around the world lose about $2 trillion every year due to issues like missed discounts, wrong payments, contract problems, and billing mistakes.

Rivvun AI helps companies detect these problems and recover lost money, while also giving them a clearer view of how their business operations are working.

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