AI Procurement Startup Aerchain.io Raises $3M for Expansion
Bengaluru-based AI tech startup Aerchain.io has secured $3 million in a pre-Series A round led by IndiaMart and Season Two Ventures. The funding will support product development, market expansion, and hiring new talent. Notably, the founders of Aerchain remain under wraps.
Founded in 2019 by BITS Pilani alumni Harsha Kadimisetty and Himavanth Jasti, Aerchain operates on a SaaS model, transforming Source-to-Pay operations for enterprises. The platform digitizes the entire procurement process, offering comprehensive visibility and insights.
The funding round, which took place in September 2021, was co-led by IndiaMart and Season Two Ventures. Aerchain will utilise the funds to further develop its AI-driven product, expand its market reach, and bolster its team.
Aerchain.io, with its innovative AI-driven procurement platform, has raised $3 million to fuel its growth. Despite the founders remaining anonymous, the startup's potential has attracted significant investment, indicating a promising future in the AI tech space.
