Icertis veterans raise $7.55 million to build the AI layer that recovers money enterprises don’t know they’re losing

TL;DR

Icertis veterans raised $7.55M in seed funding for Rivvun AI, which builds autonomous agents to recover enterprise spend and revenue that disappears between contract obligations and financial settlement. The $2T headline figure is a company projection, not an independently verified total.

Rivvun AI, a Seattle-based startup founded by former senior executives at contract management platform Icertis, has raised $7.55 million in an oversubscribed seed round co-led by Sitara Capital and 3one4 Capital. The company is building what it calls an autonomous AI execution layer that sits between enterprise systems and recovers money lost in the gap between commercial obligations and financial settlement.

The founding team spent a decade at Icertis, which manages contract lifecycles for some of the world’s largest commercial portfolios and has approached $350 million in annual recurring revenue. CEO Anand Veerkar and co-founder Niranjan Umarane say they saw the same pattern across every industry: terms...

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