Pivot Raises $40M Series B To Grow Its AI Procurement Platform

Since launching in 2023, the company has raised a total of $70 million. Pivot provides an AI-driven operating platform that helps enterprises manage procurement and financial processes, including sourcing, approvals, purchasing, invoicing, payments, budgeting, expenses and reporting.

The platform is designed to reduce inefficiencies caused by disconnected systems, spreadsheets, manual approvals and fragmented workflows.

By offering real-time visibility into spending commitments and integrating with ERP and financial systems, Pivot enables finance and procurement teams to improve decision-making, maintain financial control, and streamline operations across complex business environments.

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Operating in more than 25 countries, Pivot currently processes around $3 billion in invoices each year and serves customers including DoorDash, Lemonade and Flix. The new funding will support the expansion of its AI capabilities, entry into new enterprise markets, and deeper integrations across financial ecosystems.

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.

About Pivot

Founded to modernise procurement operations, Pivot is an AI-powered platform that helps finance and procurement teams automate workflows, improve spending visibility, and make faster decisions. By connecting procurement activities with financial data, Pivot enables businesses to operate more efficiently, giving lean teams greater control, speed, and coordination.