Zinit, a Dubai, UAE-based AI-driven procurement platform, has raised $8 million in Seed funding, valuing the company at $48 million.
Investors
The round was led by AltaIR Capital, with participation from early-stage investor DVC.
AltaIR Capital is a venture capital firm focused on early-to-growth stage investments, managing approximately $600 million in assets. With a geographic focus spanning the US, Europe, and Israel, its portfolio includes sectors such as SaaS and productivity tools, FinTech and InsurTech, HR tech and the future of work, digital health, and AI. AltaIR primarily invests in pre-seed, seed, Series A, and early growth rounds.
Zinit Use of Funds
The company will use the funds to support product development, global expansion, and enterprise adoption initiatives in key markets, including India, the US, and Latin America.
About Zinit
Founded by Andrey Chernogorov and Anton Buzdalin, Zinit is an AI-powered B2B sourcing and procurement platform that helps businesses digitize and simplify their request-for-proposal (RFP) processes. The platform streamlines supplier discovery, RFP creation, and multi-round negotiations. Headquartered in Dubai, the company operates globally, maintaining additional key offices in high-growth regions, including São Paulo (Brazil), Jakarta (Indonesia), New Delhi (India), Kuala Lumpur (Malaysia), and Suwanee, Georgia (USA). Zinit serves over 100 enterprise clients, such as Bacardi India, UFLEX Limited, and United Colors of Benetton.
Funding Details
Company: Zinit
Raised: $8.0M
Round: Seed
Funding Date: Nov. 2025
Lead Investor: AltaIR Capital
Additional Investors: DVC
Company Website: https://zinit.com/
Software Category: AI Procurement / Supply Chain Automation
Source: https://entrackr.com/snippets/zinit-raises-8-mn-in-seed-round-led-by-altair-capital-10810220