AI-native enterprise procurement platform Aerchain has raised $13 million in a Series A funding round led by Pavestone VC. The funding also saw participation from IndiaMART and other investors, the company said in a statement.
The capital will be used to accelerate Aerchain’s global expansion and deepen its AI capabilities as the company builds what it terms the Spend Operating System—a platform designed to transform procurement from a reactive cost centre into a proactive driver of bottom-line impact, the statement added.
“AI is the capability, but the real unlock is what it enables: procurement teams that spend their time on strategy instead of administration. We’ve built a system where agents handle the operational complexity in the background and surface only the decisions that need human judgment. The goal is outcome-driven procurement at enterprise scale,” said Himavanth Jasti, CTO and Co-Founder, Aerchain.
Co-founded in 2021 by Harsha Kadimisetty and Himavanth Jasti, Aerchain is an AI-native enterprise procurement platform that orchestrates, executes, and advises across the full intake-to-pay lifecycle. The Spend Operating System covers conversational intake and SOW generation, vendor discovery and management, RFQ and auction automation, autonomous negotiation, techno-commercial evaluation, contract management, invoice processing, and payment tracking, all powered by a multi-agent AI architecture trained on each customer’s data.
