Large enterprises process enormous volumes of purchasing requests, invoices, approvals, payments, and financial reporting activities every day. Yet despite billions flowing through procurement systems annually, many finance teams still rely on fragmented tools, spreadsheets, email approvals, and disconnected workflows to manage spending commitments. This operational complexity often creates delays, reconciliation issues, and limited visibility into company finances until late in reporting cycles. Paris based enterprise software company Pivot is developing an AI powered operating system designed to modernise procurement and financial workflows, and investors are backing the company with a major new funding round.
Pivot has raised $40 million in an oversubscribed Series B funding round led by Forestay Capital and Notion Capital.
The round also included 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.
Building an AI Operating System for Enterprise Spending
Pivot develops an AI powered platform designed to help enterprises manage procurement and finance operations across sourcing, approvals, purchasing, invoicing, payments, budgeting, expenses, and financial reporting.
The company says many organisations still struggle with procurement processes fragmented across multiple software systems and manual workflows that make it difficult to gain accurate visibility into committed spending before invoices and reconciliations appear during financial close cycles.
Pivot positions its platform as an enterprise grade operating system capable of centralising procurement and financial operations while maintaining control and compliance across large organisations.
The platform integrates directly with enterprise resource planning systems and broader financial infrastructure while supporting complex multi entity corporate structures.
Bringing Real Time Visibility Into Enterprise Spending
According to Pivot, one of the biggest operational problems for finance teams is the lack of visibility into spending commitments early enough in the procurement process.
By the time finance departments identify certain expenses, the related purchasing decisions and commitments may already have been made through disconnected approval chains, spreadsheets, or external systems.
Pivot says its platform provides procurement and finance teams with real time insight into spending activity before it creates reconciliation and reporting problems.
The company’s AI driven workflow automation systems are designed to streamline approvals, automate repetitive operational tasks, and improve coordination across procurement and finance functions.
Expanding the Role of Agentic AI
Marc Antoine Lacroix said enterprises are increasingly seeking earlier visibility into company spending commitments while reducing the manual operational burden placed on finance teams.
According to Lacroix, Pivot’s platform combines operational visibility with agentic AI systems capable of shifting repetitive workflow tasks away from employees and toward automated software agents.
The company believes agentic AI will become increasingly important across enterprise operations as organisations seek to automate more complex financial and procurement processes while preserving governance and reporting accuracy.
Scaling Across Global Enterprise Markets
Since launching in 2023, Pivot has expanded operations into more than 25 countries and currently processes approximately $3 billion in invoices annually.
The company’s customer base already includes major organisations such as DoorDash, Lemonade, and Flix.
The startup says the platform is designed to support increasingly complex enterprise environments where procurement, finance, and operational systems must operate across multiple business entities, currencies, and regulatory environments simultaneously.
Accelerating Product Development
The newly secured funding will support further development of Pivot’s AI capabilities, particularly around agentic workflow automation.
The company also plans to expand into additional enterprise markets globally while deepening integrations with ERP systems and financial infrastructure platforms.
As enterprises increasingly look to modernise financial operations through automation and real time operational intelligence, companies capable of combining procurement management, AI driven workflows, and enterprise financial infrastructure into unified platforms are becoming an increasingly important part of the next generation of enterprise software.
