Pivot Raises $40 Million Series B to Replace Legacy Procurement…

Team S · 2026-05-27T14:50:54.000Z

Paris and New York-based enterprise AI startup Pivot has secured $40 million in an oversubscribed Series B funding round to modernize corporate procurement infrastructure with agentic AI. The round was co-led by Forestay Capital and Notion Capital, with participation from Greyhound Capital, Hedosophia, Visionaries Club, Emblem, and multiple senior procurement industry operators including former SAP Ariba executives and EcoVadis founder Pierre-François Thaler. Founded in 2023 by Marc-Antoine Lacroix, Romain Libeau, and Estelle Giuly, Pivot is building an AI-native procurement operating system that automates sourcing, approvals, purchasing, invoicing, payments, vendor workflows, expense management, and reporting. The platform integrates deeply with ERP and finance systems to provide enterprises with real-time visibility into committed spending before invoices are finalized. Unlike traditional procurement software providers such as SAP Ariba and Coupa, Pivot positions itself as a fully AI-native infrastructure layer rather than a legacy workflow tool retrofitted with automation. The company says its architecture enables AI agents to operate directly inside procurement workflows with full contextual financial visibility instead of relying on fragmented spreadsheets, email chains, and disconnected systems. Pivot already counts DoorDash, Lemonade, and Flix among its enterprise customers and reportedly processes billions of dollars in invoices annually across more than 25 countries. The fresh capital will support expansion of its agentic AI capabilities, deeper ERP integrations, enterprise scaling, and international hiring across EMEA and the United States. The funding reflects accelerating investor interest in enterprise AI infrastructure modernizing back-office operations including procurement, finance operations, compliance, and enterprise workflow orchestration. Procurement is increasingly emerging as one of the largest untapped categories for agentic AI deployment globally.

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Pivot Raises $40 Million Series B to Replace Legacy Procurement… | Newnex