Coimbatore-based AI Startup Aivar Raises $4.6 Mn to Expand in US and Middle East

Coimbatore-based AI services startup Aivar has raised $4.6 million in a seed funding round, led by Sorin Investments, including contributions from Bessemer Venture Partners. The funds will be used to enhance Aivar’s reach in India, the US and the Middle East, while also continuing to invest in its AI accelerators, senior talent, and international delivery capabilities, as per the press release. 

Aivar’s automation accelerator, Velogent, has enhanced the contract processing system for a logistics SaaS provider. Velogent streamlines intricate, heavily document-heavy workflows by leveraging agentic AI. The logistics provider required dependable three-way invoice matching involving contracts, payment orders, and invoices.

Additionally, Aivar developed a solution for the automated intake of contracts, agentic analysis and reconciliation of documents, and the automatic creation of records within supply chain systems. 

“In less than a year, we’ve validated that enterprises need more than AI tools - they need partners who can execute transformation end-to-end. Our studio- and accelerator-driven approach combines the best of services and software, delivering outcomes in weeks that traditionally took months,” Kousik Rajendran, co-founder and CEO, said in a statement. 

Founded in 2024 by former AWS colleagues Kousik Rajendran, Praveen Jayakumar, Ashwin Ram Ravichandran, and Aadharsh Ayappan, Aivar is a technology services partner focused on AI. The company provides swift and high-quality AI solutions for startups, tech-driven companies, and larger enterprises, backed by AWS validation and early-stage productized accelerators for voice, data, and diverse AI/ML tasks.

Mandar Dandekar, partner at Sorin Investments, said, “Aivar stands out by combining deep cloud expertise with AI-native accelerators that help companies move from intent to impact.”