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Intelligence · Companies

Aavenir

Procurement softwareaavenir.com
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Latest Aavenir news

  • 10+ Best AI Contract Management Tools in 2026 | AI CLM Software
    RevAvenues · Jul 6, 2026

    Aavenir is recognized as one of the leading AI-powered Contract Lifecycle Management (CLM) platforms in 2026, helping enterprises streamline legal operations and reduce contract risks.

  • New York B2B Web Design and Branding Agency
    Agency Portfolio/Case Study · Jul 6, 2026

    A branding agency highlights its work on website messaging and design for Aavenir, specifically noting Aavenir's position as an AI-powered source-to-pay and contract lifecycle management platform.

  • Exponential Growth Forecasted for AI in Contract Management Market: From $1.51 Billion in 2025 to $4.25 Billion by 2030
    Supply Chain Digital · Jul 4, 2026

    Aavenir is identified as a key player in the rapidly expanding AI-powered contract management market, which is projected to reach $4.25 billion by 2030. The article highlights the company's role within this growing sector driven by digital transformation and automated workflows.

  • Exponential Growth: Generative AI in Procurement Market to Hit $0.61 Billion by 2030
    GlobeNewswire · Jul 3, 2026

    Aavenir is listed among the prominent companies innovating in the Generative AI in Procurement market. The report underscores the company's position in a market expected to see significant growth through 2030.

  • JurisGrid — Indian Legal Tech Startups: The Judicial Grid of India (2026)
    JurisGrid · Jun 24, 2026

    Aavenir is featured in the 2026 edition of the JurisGrid, which maps key legal tech startups, highlighting its role as a ServiceNow-native CLM and source-to-pay suite.

  • 20 Best Conga Alternatives Reviewed in 2026
    Tech Review · Jun 10, 2026

    Aavenir is highlighted as a top alternative to Conga for contract lifecycle management, specifically noted for its AI-driven insights and automated workflows on the ServiceNow platform.

  • Top 10 Obligation Tracking Tools: Features, Pros, Cons & Comparison
    BangaloreOrbit · Jun 8, 2026

    Aavenir Obligationflow is highlighted as a top tool for tracking contract obligations, particularly for organizations needing integration with ServiceNow, procurement, and supplier management systems. The article evaluates Aavenir's solution for its focus on task ownership, evidence capture, and workflow automation.

  • Aavenir - 2026 Company Profile, Team, Funding, Competitors & Financials
    Tracxn · Jun 8, 2026

    An updated industry profile for Aavenir, confirming its status as a Series A SaaS company specializing in AI-powered contract and obligation lifecycle management integrated with ServiceNow.

  • Vendor Contract Management Tools: The 6 Categories That Actually Exist
    Industry Analysis · May 29, 2026

    This article categorizes the landscape of vendor contract management tools and identifies Aavenir as a notable player in the full contract lifecycle management (CLM) suite category.

  • Aavenir Launches ComplianceNext to Power Contract and Vendor Compliance with a Suite of Next-generation AI Agents
    Business Wire · Aug 14, 2025
  • Aavenir Launches ComplianceNext to Power Contract and Vendor Compliance with a Suite of Next-generation AI Agents
    Business Wire · Aug 14, 2025

    Aavenir expanded its product portfolio with ComplianceNext, a solution utilizing AI agents to automate regulatory compliance and risk screening for contracts and vendors.

  • Aavenir Launches ComplianceNext to Power Contract and Vendor Compliance with a Suite of Next-generation AI Agents
    Business Wire · Aug 14, 2025

    Aavenir introduced ComplianceNext, an agentic AI solution that automates compliance screening for contracts and vendors, significantly reducing the time required for risk remediation.

  • Aavenir Inc. Appoints Mohamed Reza as the Vice President, Marketing
    Business Wire · Sep 5, 2024

    Aavenir appointed industry veteran Mohamed Reza as VP of Marketing to lead the company's global growth strategy and brand expansion.

  • Aavenir Funding 2026 – Total Funding, Rounds & Investors
    Inc42 · Mar 30, 2024
  • Aavenir Unveils Avy AI, the Generative AI Assistant Tool for Connected Contract Management Solutions on ServiceNow
    Business Wire · Jan 30, 2024

    Aavenir launched Avy AI, a generative AI assistant designed to help legal and procurement teams analyze contracts, simplify complex language, and identify risks within the ServiceNow ecosystem.

  • Aavenir Elevates Sourcing and Contracting with New Generative AI Capabilities on ServiceNow
    Business Wire · Nov 7, 2023
  • Aavenir Elevates Sourcing and Contracting with New Generative AI Capabilities on ServiceNow
    Business Wire · Nov 7, 2023

    The company introduced industry-first generative AI capabilities to its platform, allowing for the creation of dynamic contract clauses and enhanced contract analytics within ServiceNow.

  • Aavenir Launches New Generative AI Capabilities for Contract Lifecycle Management on ServiceNow
    Business Wire · Aug 10, 2023
  • Aavenir launches Purpose-built Industry Vertical Solutions with Providerflow for Healthcare and Life Sciences
    Business Wire · May 17, 2023

    Aavenir introduced industry-specific solutions for healthcare and life sciences, focusing on automating provider onboarding and contract management workflows.

  • Aavenir Partners with CloudGo to Expand AI-enabled Source-to-Pay Solutions and Digital Workflows for ServiceNow Customers in Asia-Pacific
    SalesTech Star · May 20, 2022

    Aavenir entered a strategic partnership with CloudGo to scale its AI-powered source-to-pay and contract management solutions across the Asia-Pacific region.

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Business

Updated 2d ago
Overview
Aavenir provides AI-powered contract lifecycle management and source-to-pay software built natively on the ServiceNow platform. The company sells its solutions to enterprise procurement, legal, and finance teams across various industries. It generates revenue through software subscriptions.
Website
aavenir.com
Industry
Procurement software
Founded
2019
LinkedIn
Company page

Key People

Updated 2d ago
  • Jesal MehtaCEO & Founder
    Prior: Product Leadership @ Apttus
  • Gaurang SoniChief Technology Officer
    Prior: R&D Team Lead @ Apttus · R&D Lead @ Revitas
  • Sunil MasandSVP & Head of Product
  • Megha ParadkarVP of Customer Engagement

Funding

Updated 3d ago

Total raised: $8M

  • $6MSeries A· Mar 2022
    Investors: Accel, ScOp Venture Capital
    SEC-filed (Form D)