Pivot raises $40 million for AI procurement software

Pivot, an AI-focused startup targeting corporate procurement, has successfully closed a $40 million Series B funding round. This significant capital infusion, led by Forestay Capital and Notion, brings the company's total funding to $70 million since its founding in 2023. Pivot aims to disrupt the traditional procurement software market by leveraging artificial intelligence to streamline and enhance purchasing processes for businesses. The company's innovative approach and strong investor backing position it for substantial growth in the competitive enterprise software landscape.