Zinit, a Dubai, UAE–based AI-powered B2B procurement and sourcing platform, has closed an $8 million Seed funding round.
Investors
The seed round was led by AltaIR Capital, with participation from DVC as an AI consultant.
AltaIR Capital is an international venture capital firm founded in 2005, specializing in Seed and Series A rounds. Managing approximately $600 million in assets under management (AUM) as of 2025, AltaIR focuses on disruptive software solutions across fintech, insurtech, SaaS, digital health, and the future of work. AltaIR is headquartered in San Francisco, with a presence in Israel and Europe.
Zinit Use of Funds
The company will use the funds to enhance proprietary AI technologies and support strategic expansion in Brazil and the United States.
About Zinit
Founded in 2023 by Anton Buzdalin and Andrey Chernogorov, Zinit offers a B2B SaaS platform designed to automate the purchasing of indirect materials and services, such as maintenance, equipment, and software. Its AI-powered e-sourcing platform focuses on automating indirect corporate spending, commonly known as tail spend. The platform enables enterprises to efficiently manage the purchasing of non-core goods and services by connecting them to a global supplier network and automating sourcing, negotiation, and contracting workflows. Zinit leverages artificial intelligence and machine learning to identify, evaluate, and negotiate with suppliers, aiming to reduce purchasing cycle times and generate cost savings.
Funding Details
Company: Zinit
Raised: $8.0M
Round: Seed
Funding Date: 2025
Lead Investor: AltaIR Capital
Additional Investors: DVC
Company Website: https://zinit.com/
Software Category: AI-Sourcing & Procurement Automation
Source: https://www.startupresearcher.com/news/zinit-secures-8-million-to-expand-ai-powered-sourcing-platform