Resolvd AI Secures $1.6M in Pre-Seed Funding to Revolutionize Reconciliation Workflows

Resolvd AI, a pioneering solution designed to automate complex reconciliation workflows, has successfully raised $1.6 million in a pre-seed funding round. This financial boost comes from a consortium of investors including Spice Capital, Betaworks, and Factorial Capital, alongside angel investors such as Olivier Pomel, CEO of Datadog; Clement Delaunge, CEO of HuggingFace; and Ben Tossell, founder of Ben’s Bites. The infusion of capital is earmarked for scaling Resolvd AI's engineering team and further developing its innovative product.

Founded in 2024 by Ananth Manivannan, Resolvd AI aims to tackle the pervasive challenge of unstructured requests that teams face, by reconciling data across various systems to structure it efficiently and facilitate actions in downstream platforms. Manivannan, who has a rich background in master data management at PepsiCo and cloud automation infrastructure at Capital One, envisions a transformative impact on how operations and IT teams function. 'This funding will help us to enhance our platform’s capabilities, expand our team and enable enterprises to reduce errors and reclaim valuable time,' Manivannan stated.

The significance of Resolvd AI's solution is underscored by its early adoption by major health systems in the U.S., signaling a strong market need for automation in reconciliation processes. Maya Bakhai, founder of Spice Capital and a Forbes 30 Under 30 investor, highlighted the potential of Resolvd AI to reshape the reconciliation process, calling it a critical pain point for IT teams. 'We’re happy to support the acceleration of their innovation and look forward to the expansion across industries,' Bakhai remarked.

Resolvd AI's platform is designed to streamline operational requests that inundate inboxes, such as item master updates, vendor changes, PO modifications, and access requests. These tasks often create bottlenecks for IT, sourcing, and supply chain teams, affecting billing, compliance, and employee productivity. By leveraging AI, Resolvd AI is setting out to automate the underlying work, thereby enhancing efficiency and reducing errors. For more details on Resolvd AI and its solutions, visit https://resolvd.ai/.