Enterprise tech startup Rivvun AI has raised $7.5 Mn (about ₹72 Cr ) in an oversubscribed seed round led by Sitara Capital and 3one4 Capital
The startup plans to use the fresh capital to expand its AI-powered platform that helps enterprises reduce revenue and spending leakages
Rivvun AI has developed an agentic AI platform that helps enterprises identify and recover revenue and spending leakages
Enterprise tech startup Rivvun AI has raised $7.5 Mn (about ₹72 Cr ) in an oversubscribed seed round led by Sitara Capital and 3one4 Capital.
The startup plans to use the fresh capital to expand its AI-powered platform that helps enterprises reduce revenue and spending leakages.
Founded by Anand Veerkar, Niranjan Umarane and Patrick Linton in 2026, Rivvun AI has developed an agentic AI platform that helps enterprises identify and recover revenue and spending leakages.
The startup, which is headquartered in Seattle and has teams in Pune, operates an agentic AI platform continuously analyses contracts, invoices, pricing agreements and financial records to ensure commercial commitments are accurately executed and reflected in financial outcomes.
Rivvun uses AI agents to help enterprises manage both costs and revenue. While it helps companies ensure correct pricing, improve renewals and identify missed revenue opportunities, it also helps in verification of invoices, track supplier compliance and monitor expenses.
The platform sits on top of existing CRM, ERP and procurement systems, allowing enterprises to adopt it without replacing their current technology stack. It also offers governance features such as audit trails, approval thresholds and human oversight for high-impact decisions.
Before founding Rivvun, Veerkar and Umarane spent over a decade at enterprise contract management SaaS unicorn Icertis, where they claim to have helped scale the business to more than $350 Mn in annual recurring revenue (ARR).
During their time at Icertis, they observed a recurring problem across enterprises: while contracts and commercial terms were carefully negotiated, companies often struggled to execute them accurately across their financial systems. As a result, revenue went uncollected, costs exceeded agreed terms and margins eroded due to operational gaps rather than deliberate decisions.
To address this challenge, the duo left Icertis to build Rivvun. They were joined by Exec founder Patrick Linton as cofounder, who brings extensive experience in scaling global enterprise software businesses.
The development comes amid growing adoption of AI across enterprises, with businesses increasingly deploying AI-powered tools to automate workflows, improve efficiency and reduce costs.
India’s AI market is expected to reach $126 Bn by 2030, with the generative AI segment alone crossing $17 Bn. AI could also add up to $1.7 Tn to the country’s GDP by 2035 as more businesses adopt AI and demand for AI talent continues to grow.
Source: Inc42 - Startups
