Pivot Secures $40 Million to Challenge Legacy Procurement Software

Pivot , a software startup developing artificial intelligence for corporate procurement, has raised $40 million in a Series B funding round, the company announced Thursday (May 21). The capital injection brings the New York-based firm’s total funding to $70 million since its inception in 2023. The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound and existing investors including Hedosophia, Visionaries Club, and Emblem.