Paris-based Pivot, an AI-powered procurement and finance
operations platform, has raised $40 million in an oversubscribed Series B
funding round led by Forestay Capital and Notion Capital, with participation
from Greyhound, procurement industry executives and existing investors
including Hedosophia, Visionaries Club and Emblem. The latest financing brings
the company’s total funding raised since its founding in 2023 to $70 million.
Pivot develops an AI operating system designed to help
enterprises manage procurement and financial workflows across sourcing,
approvals, purchasing, invoicing, payments, budgets, expenses and reporting.
The company aims to address inefficiencies in enterprise procurement, where
spending commitments are often managed across fragmented systems, spreadsheets,
email chains and manual approval processes.
Pivot positions its platform as an enterprise-grade system
designed to give procurement and finance teams real-time visibility into
committed spending before it creates reconciliation and reporting challenges
during financial close processes. The platform integrates with enterprise
resource planning (ERP) and financial systems while supporting complex
multi-entity environments.
The company says its AI-driven workflow automation and
real-time integrations are designed to improve operational efficiency while
maintaining financial controls and reporting accuracy.
According to Marc-Antoine Lacroix, co-founder of Pivot,
finance and procurement teams are increasingly looking for greater visibility
into company spending commitments earlier in the procurement process.
Pivot gives enterprises that visibility, reinforced by
agentic AI that shifts the manual grind from a human burden to a machine
burden,
said Lacroix.
Since launching, Pivot has expanded operations to more than
25 countries and currently processes approximately $3 billion in invoices
annually. Customers include DoorDash, Lemonade and Flix.
The new funding will be used to accelerate development of
Pivot’s agentic AI capabilities, expand into additional enterprise markets and
deepen integrations with ERP and financial systems across complex enterprise
environments.