Pivot, the AI operating system for procurement, has announced that it has raised $40 million in a Series B funding round, taking the total amount raised since the company’s founding in 2023 to $70 million. The capital will accelerate development of Pivot's agentic AI capabilities, expand into new enterprise markets, and deepen integrations with ERPs and financial systems across complex enterprise environments. The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound Capital and procurement industry veterans, including the former Global VP Sales at SAP Ariba and the founder of EcoVadis, as well as existing investors including Hedosophia, Visionaries Club, and Emblem. Pivot's platform manages the complete procurement lifecycle - sourcing, approvals, purchasing, invoicing, payments, budgets, expenses, and reporting - in a single modern platform. The platform maintains the integrity of the ERP while giving procurement and finance teams real-time visibility into committed spend before it becomes exposure. Agentic workflow configuration, real-time integrations with dozens of ERPs, and support for complex multi-entity environments allow organizations to move faster while maintaining stronger financial discipline. Marc-Antoine Lacroix, Co-Founder, Pivot, said, "Finance and procurement leaders tell us the same thing: they don't need another workflow layer. They need to know what the business is committing to spend before it becomes a problem at close. Pivot gives enterprises that visibility, reinforced by agentic AI that shifts the manual grind from a human burden to a machine burden. This funding lets us bring that approach to more customers, more markets, and more complex enterprise environments." Jessica Thomas, Partner, Notion Capital, said, "Procurement is one of the last major enterprise functions still waiting to be rebuilt for the AI era. The category is dominated by legacy solutions that rely on cumbersome manual processes. Pivot is the only player reimagining it from the system-of-record up to serve agentic workflows. Owning the data layer end-to-end is what lets agentic AI operate inside the flow of procurement work with complete context. What Pivot is doing is game-changing, and we're excited to be part of its journey" Deborah Pittet, Valentina von Bülow, Coline Monier, Patrick Barrett, Elif Gauthier, Nathalie Lohvinenko, Sakura Doi, Elena Scotto di Pompeo, Ethan Alexander, Célia Novello, Idriss OULMAKHZOUNE, Julien GARCIA, Jean Guillemin, Maxime Blanchard, Romane Ferrero, Alix Pommier, Astrig Alexandrian, Estelle Giuly, Romain Libeau
Onwards and upwards! 🚀