Infinity Loop, a contract intelligence platform based in New York, has successfully raised $5 million in a seed funding round. The investment was spearheaded by Glasswing Ventures and TIAA Ventures, with additional support from Plug and Play, Restive Ventures, and various angel investors. Glasswing Ventures, a Boston-based firm, specializes in early-stage investments in AI and frontier technology startups, while TIAA Ventures is the venture capital arm of TIAA, a significant player in the financial services sector.
Infinity Loop plans to use the newly acquired funds to expand its market operations. Founded by Nithin Mummaneni and Kevin Liang, the company offers an AI-driven platform that enhances vendor negotiations and reduces costs by analyzing contracts and providing tailored negotiation strategies. The platform’s features include automated deal analysis and intelligent vendor due diligence. Headquartered in New York, Infinity Loop is committed to democratizing procurement expertise.
