In procurement, most enterprises are still swinging a butter knife in a gunfight. Spreadsheets, dusty legacy tools, overpriced consultants, different flavors of the same inefficiency sundae. That’s the mess Infinity Loop decided to clean up. Founded in 2021 by procurement strategist turned founder Nithin Mummaneni and Harvard-trained economics mind Kevin Liang, this New York City startup is proving that AI can turn the contract pile on your desk into a strategic weapon. Not in theory. In practice.
Both founders spent years watching companies bleed money in vendor negotiations, millions left on the table because no one had the time, data, or tools to fight back. They didn’t just build a better mousetrap. They built an always-on, AI-native command center for contracts that can sniff out underperforming terms, benchmark deals against market reality, and serve up tactical plays for your next negotiation. Think of it as having a procurement pit crew running constant laps on your behalf, minus the billable hours.
The results aren’t marketing fluff. One customer banked $19.5 million in savings in just five months. Every client on the platform is pulling at least 12% in annual savings. Collectively, over $2 billion has been freed from bad contracts and put back into enterprise budgets where it belongs. That’s across 10-plus industries, from financial services to pharmaceuticals to consumer packaged goods.
Yesterday, Infinity Loop announced a $5 million seed round co-led by Glasswing Ventures and TIAA Ventures, with support from Plug and Play, Restive Ventures, and a roster of strategic angels. Glasswing Ventures’ Kleida Martiro and TIAA Ventures’ Wayne Baker aren’t the type to gamble on theory. They invest where the math, the market, and the leadership all point to outsized returns.
The money is going straight into go-to-market expansion. More enterprise deals, faster onboarding, deeper integration into procurement workflows. The platform’s AI engine will keep leveling up, ingesting more contract data, refining benchmarks, and syncing with leading procure-to-pay and CLM systems. For chief procurement officers chasing measurable spend reduction, something 75% say they want, it’s an edge you can’t get from another spreadsheet.
Gartner projects that by 2027, half of all organizations will lean on AI-native contract risk analysis in negotiations. Infinity Loop is already there, proving the demand is real and the value is tangible. In a market projected to hit $3.5 billion by 2028, the question isn’t whether enterprises will make the jump to AI contract intelligence, it’s whether they’ll do it before their competitors start racking up the savings.
Nithin Mummaneni and Kevin Liang built the platform they wished they’d had as consultants. Now they’re handing it to the companies willing to admit that “good enough” contracts aren’t good enough anymore.
