Zinit Raises $8 Million Seed Round for AI Procurement Platform
Dubai-based Zinit closes $8M seed at a $48M valuation for its AI-native procurement platform serving 100+ enterprise clients globally.
Zinit, a Dubai-based AI-native sourcing platform, raised $8 million in seed funding at a $48 million valuation. The round was led by AltaIR Capital with participation from DVC. Zinit automates supplier discovery, RFP creation, and multi-round negotiations.
The platform serves over 100 enterprise clients including Bacardi, BlackBerry, and United Colors of Benetton. Funding will accelerate international expansion and enhance autonomous sourcing capabilities including AI negotiation engines.
Zinit also announced senior hires across India, Latin America, and the US, signaling aggressive global expansion from its Dubai headquarters targeting the enterprise procurement automation market.