Aerchain Raises $13M Series A Led by Pavestone VC to Transform…

Team S · 2026-03-18T14:22:59.000Z

Bengaluru-based AI procurement startup Aerchain has raised $13 million (~₹118 crore) in a Series A funding round, led by Pavestone VC, with participation from IndiaMART and other investors. Founded by Harsha Kadimisetty and Himavanth Jasti, Aerchain is building an AI-powered “Spend Operating System” designed to automate enterprise procurement workflows and transform procurement from a cost center into a strategic business function. The platform leverages multi-agent AI architecture to handle tasks across the procurement lifecycle-including vendor discovery, RFQ automation, negotiations, approvals, invoicing, and payment tracking-significantly reducing manual effort. Aerchain claims its solution can automate up to 80% of operational procurement tasks, enabling enterprises to shift focus toward strategic decision-making while improving efficiency and compliance. The newly raised capital will be used to enhance AI capabilities and expand globally, as the company aims to scale its platform across enterprises seeking to modernize procurement through automation and data intelligence. With increasing adoption of AI agents in enterprise workflows, Aerchain is positioning itself as a key player in the emerging AI-driven procurement ecosystem, addressing inefficiencies in legacy systems and enabling smarter, faster decision-making.

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Aerchain Raises $13M Series A Led by Pavestone VC to Transform… | Newnex