ZZinit provides an AI-powered procurement platform that automates sourcing and RFP processes for enterprises, focusing on tail spend with a procurement-as-a-service plus flexible SaaS and pay-for-performance fees. The platform uses AI to automate supplier discovery, RFP creation, bid analysis, and multi-round negotiations, reducing tendering time and costs. It differentiates itself by targeting tail spend at scale, leveraging a global supplier network of over 100,000 suppliers and a pay-for-outcomes model, backed by experienced procurement leadership. Its goal is to expand AI capabilities and grow its footprint in the United States and Latin America while serving 100+ enterprise customers worldwide.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$8M
Headquarters
Dubai - United Arab Emirates, United Arab Emirates
Founded
2023
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Total Funding
$8M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Zinit, a Dubai, UAE-based AI-native sourcing platform provider, raised $8m in seed funding at a $48 million valuation
Zinit has raised $8M in a seed round led by AltaIR Capital, valuing the company at $48M. The funding will support global expansion, with a focus on the Indian market's shift to digital procurement. Naveenn Suri, with over 25 years of experience, has been appointed as Regional Director for India. Zinit aims to automate supplier discovery and negotiation, aligning with Indian enterprises' demand for efficiency and immediate ROI.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$8M
Headquarters
Dubai - United Arab Emirates, United Arab Emirates
Founded
2023
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs