Blozum
Blozum is a conversational AI based virtual assistant for businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $599k | Seed | |
| Total Funding | 000k | ||
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Operating under the brand ContraVault AI, the company provides an AI-powered platform designed to streamline the management of tenders and Requests for Proposals (RFPs). The business was co-founded in 2024 by Sayan Sen (CEO), Isha Juneja (COO), and Tanmay Juneja (CTO). The founding team combined their expertise in business strategy, operations, and AI to address inefficiencies in the tendering process, particularly in emerging economies like India. Sayan Sen previously co-founded Blozum and UltraPawz, the latter of which was successfully acquired.
ContraVault AI targets a diverse clientele, including procurement teams, legal departments, and enterprises across various sectors such as construction, manufacturing, and government contracting. The company operates on a SaaS business model, generating revenue through tiered subscription plans based on usage volume. In May 2025, the company secured $600,000 in a seed funding round led by Titan Capital, with participation from several angel investors.
The platform offers a suite of tools to automate and enhance the entire tender lifecycle. Key features include a 'Go/No-Go Analyzer' for quick bidding decisions, an 'AI RiskFinder' that uses heatmaps to identify hidden risks and unusual clauses, and contextual search for fast information retrieval from documents. The system can summarize tender documents, perform compliance checks against a pre-configured library, and assist in drafting pre-bid queries. By automating these processes, ContraVault AI aims to reduce manual review time significantly, allowing clients to improve their bid success rates and manage contracts with greater efficiency and precision.
Keywords: tender management, RFP analysis, contract lifecycle management, procurement software, AI procurement, bid optimization, compliance automation, risk detection, legal tech, SaaS, government contracts, construction bidding, RFP automation, pre-bid analysis, contextual document search, AI negotiator, tender analysis, emerging markets tech, contract management, bid decision support