A fast-growing startup in the procurement technology space has raised fresh funding to accelerate its global ambitions. Aerchain, which uses AI to automate company purchasing processes, has secured $13M in a Series A round led by Pavestone VC, with participation from IndiaMART.
The newly raised funds will be used to expand Aerchain’s presence across international markets and enhance its platform capabilities for continuous, hands-off operations powered by AI.
The platform’s many no-code tools
Aerchain’s platform is designed to manage end-to-end procurement tasks with minimal human effort. Its AI system can process unstructured data such as emails and PDFs, identify suitable suppliers from a network of 150,000 vendors, conduct negotiations, ensure compliance, and manage workflows in 30+ languages.
The platform also offers no-code tools, allowing teams to create custom workflows and templates without writing any code. Users can access real-time analytics to monitor and improve procurement processes efficiently.
Users see sourcing happen 10x faster
Aerchain is already being used by major companies such as AB InBev, WeWork, and Cars24. The platform operates in 40+ countries and currently manages spending of over $15B.
According to Aerchain, users experience sourcing that is 10x faster, along with 80% reduction in manual work. The platform also improves adoption rates and enables teams to close requirements fully through digital processes.
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