Zinit Raises $8 Million to Scale AI-Native Procurement, Appoints Regional Leaders

The company targets tail-spend automation through AI-assisted negotiations, using outcome-linked pricing with a money-back guarantee.

Overview

Zinit closed an $8 million seed round led by AltaIR Capital at a $48 million valuation, with DVC’s participation reported by multiple outlets.
To drive expansion, the company named Naveenn Suri as Regional Director for India, appointed Michel Boczko to lead Latin America, and tapped Stan Moskovtsev as CEO for the United States.
Positioning itself on tail spend, the platform automates supplier discovery, RFP creation, and multi-round negotiations and offers autonomous sourcing without complex integrations.
Zinit cites reductions of up to 40% in procurement cycle time and up to 30% in costs, pairing a hybrid SaaS model with outcome-linked fees and a money-back guarantee.
Supplier-network size remains unclear across reports, with coverage citing more than 25 million suppliers globally versus more than 100,000 vendors in India.