Pivot, an AI operating system for enterprise procurement, has closed a $40m Series B funding round to accelerate the development of its agentic AI capabilities and deepen its ERP integrations.
The round was led by Forestay Capital and Notion Capital, with additional participation from Greyhound, a number of industry veterans, and continued backing from existing investors Emblem, Visionaries Club, and Hedosophia.
Founded in 2023, Pivot has grown to a team of 100 people in three years and now operates offices in New York City and London. The company serves customers across more than 25 geographies, including DoorDash, Wolt, Lemonade, and Flix.
Capital from the round will be directed towards two primary areas: expanding the company’s AI Agent Studio, which enables businesses to deploy custom agents tailored to their individual governance and operational requirements, and strengthening its ERP integration capabilities for complex enterprise environments.
Pivot co-founder and CEO Marc-Antoine Lacroix 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.”
Pivot co-founder and CTPO Estelle said, “We believe the future of procurement will belong to companies that combine reliable systems of record and strong operational foundations with AI capabilities that are flexible, trusted, and built for real enterprise complexity.”
Copyright © 2026 FinTech Global
