Pivot was set up to bring procurement into the AI era. It counts DoorDash, Lemonade, and Flix among its customers.

Paris and New York-based Pivot has raised a $40m Series B led by Forestay Capital and Notion Capital to scale its agentic-AI procurement operating system.

With new funding, Pivot plans to expand its AI-powered procurement and finance platform, accelerate development of agentic AI capabilities and deepen integrations with ERP and…