India, June 16 -- AI startup ContraVault AI, which provides enterprises with an AI-powered procurement intelligence platform, has raised $3.1 Mn (Rs.29.3 Cr) in a pre-Series A funding round led by Chiratae Ventures, with participation from existing backer Titan Capital.

The SaaS startup will utilise the funds to fuel its expansion in the US, along with investments in product development and team building.

Founded in 2024 by Sayan Sen, Isha Junej and Tanmay Juneja, ContraVault AI helps businesses across construction, energy, power, defence and aerospace streamline the tender bidding process.

Prior to this round, ContraVault had raised about $600K from Titan Capital and other angel investors.

It aids such businesses in resolving issues ...