AI Sourcing Startup Zinit Raises $8M; Eyes India as Key Growth Market

Zinit, an AI sourcing platform, raised $8M led by AltaIR Capital with DVC, valuing it at $48M. It automates sourcing, bids, and RFPs with AI. Operating in five countries with 100+ clients and 100,000+ suppliers, it named Naveen Suri Regional Director for India. CEO Anton Buzdalin plans expansion in India to boost its AI procurement stack and tap automation demand.