Tag: procurement
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Pivot raises $40M to expand AI-powered enterprise procurement platform
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 read more
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Europe’s first drone procurement hub targets faster defence deployment
European defence technology company Intelic today announced the launch of Intelic BASE, a new procurement hub designed to strengthen European defence sovereignty by helping Ministries of Defence across Europe identify and deploy European unmanned systems faster, significantly shortening procurement timelines for mission-ready drones. At launch, the platform already connects drone and unmanned systems manufacturers from read more
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SkySelect raises $9M to modernise aircraft parts procurement with AI
Estonian-founded SkySelect, an AI-powered procurement platform transforming how airlines and maintenance providers source aircraft parts, has secured $9 million in funding. Airlines face mounting pressure to modernise legacy procurement systems that leave them holding approximately $50 billion in excess parts inventory globally. When aircraft are grounded due to missing components, airlines scramble to procure parts read more
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Naboo raises $70M from Lightspeed for AI-powered events procurement
Naboo, a Paris-based event-tech company, has closed a $70 million Series B funding round led by Lightspeed Venture Partners, with participation from existing investors Notion Capital, ISAI, and Ternel. The round follows the company’s €20 million Series A announced in January 2025 and comes after its expansion into the North American market. The funding comes read more
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Procure AI nets $13M to scale autonomous AI for procurement
London-based Procure AI, a company pioneering AI-native procurement automation for procurement and supply chain management, has raised $13 million in seed funding. The round was led by Headline, with participation from C4 Ventures, Futury Capital and notable angel investors from across the procurement industry. Procurement teams are under pressure to do more with fewer resources. read more
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