{"id":218403,"date":"2026-05-21T18:04:00","date_gmt":"2026-05-21T22:04:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/21\/pivot-secures-40m-to-challenge-legacy-procurement-software\/"},"modified":"2026-05-22T00:40:29","modified_gmt":"2026-05-22T04:40:29","slug":"pivot-secures-40m-to-challenge-legacy-procurement-software","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/21\/pivot-secures-40m-to-challenge-legacy-procurement-software\/","title":{"rendered":"Pivot Secures $40M to Challenge Legacy Procurement Software"},"content":{"rendered":"<p><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/pivot-secures-40-million-to-challenge-legacy-procurement-software\/\">Pivot Secures $40M to Challenge Legacy Procurement Software<\/a><\/p>\n<p><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/pivot-secures-40-million-to-challenge-legacy-procurement-software\/\">https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/pivot-secures-40-million-to-challenge-legacy-procurement-software\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-21 18:04:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.pymnts.com\">www.pymnts.com<\/a><\/p>\n<ul>\n<li>\n<p><strong>Series B Funding<\/strong>: Pivot, a software startup focused on AI for corporate procurement, raised $40 million in a Series B funding round, bringing total funding to $70 million.<\/p>\n<\/li>\n<li>\n<p><strong>Leadership and Investors<\/strong>: The round was led by Forestay Capital and Notion Capital, with participation from Greyhound and several existing investors, including Hedosophia and Visionaries Club. The funding attracted support from procurement industry veterans.<\/p>\n<\/li>\n<li>\n<p><strong>Platform Modernization<\/strong>: Pivot aims to modernize procurement processes, which have traditionally relied on manual methods, by offering an AI operating system that manages sourcing, approvals, invoicing, and payments seamlessly.<\/p>\n<\/li>\n<li>\n<p><strong>Global Reach and Clients<\/strong>: The company operates in over 25 countries, processes $3 billion in invoices annually, and works with clients such as DoorDash, Lemonade, and Flix.<\/p>\n<\/li>\n<li>\n<p><strong>AI-Driven Efficiency<\/strong>: Pivot plans to enhance its platform with agentic AI capabilities, reducing manual workload and improving efficiency, as emphasized by Co-Founder Marc-Antoine Lacroix.<\/p>\n<\/li>\n<li>\n<p><strong>Market Expansion and Innovation<\/strong>: The new funding will be used to expand into new markets and to accelerate AI development, positioning Pivot to potentially disrupt the traditional procurement space.<\/p>\n<\/li>\n<li>\n<p><strong>Industry Insight<\/strong>: Investors, including Deborah Pittet from Forestay Capital, believe Pivot\u2019s AI-first approach is poised to bring a transformative shift in enterprise procurement.<\/p>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pivot Secures $40M to Challenge Legacy Procurement Software https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/pivot-secures-40-million-to-challenge-legacy-procurement-software\/ Publish Date: 2026-05-21 18:04:00 Source Domain:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":218404,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/05\/Pivot-logo-xx.png","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-218403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/218403"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=218403"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/218403\/revisions"}],"predecessor-version":[{"id":218405,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/218403\/revisions\/218405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/218404"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=218403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=218403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=218403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}