Skip to main content

Pivot

Category: AI Agents

Pivot is an AI operating system for enterprise procurement, managing the complete procurement lifecycle from sourcing to payments with agentic AI. Pivot was founded in 2023. The company is led by Romain Libeau. Based in Paris, France. Team size: 51-200. Total funding raised: $70M. Latest round: Series B. Key investors include Forestay Capital; Notion Capital; Greyhound; Hedosophia; Visionaries Club; Emblem; Cocoa; Anamcara.

Founded
2023
Headquarters
Paris, France
Team size
51-200
Total funding
$70M

Value proposition

Pivot reimagines enterprise procurement from the system-of-record up for the AI era, providing real-time visibility into committed spend, agentic AI automation of procurement workflows, and deep ERP integration — replacing legacy platforms like Coupa/SAP Ariba and lightweight intake tools with a single end-to-end AI operating system.

Products and solutions

AI Operating System for Procurement covering: sourcing, approvals, purchasing, invoicing, payments, budgets, expenses, and reporting in a single platform; AI Studio for building custom enterprise-grade agents; Intelligent Benchmarking Agent (drives 10% additional savings); real-time ERP integrations; agentic workflow configuration; multi-entity environment support.

Unique value

The only AI-native procurement platform built as a system of record from the ground up, with agentic AI that operates on clean, structured, enterprise-grade data — not retrofitted onto legacy architecture. MCP-native and model-agnostic, allowing any LLM or AI agent to act on procurement data directly.

Target customer

Enterprise procurement and finance teams at mid-market to Fortune 500 companies (100+ employees)

Industries served

Technology; E-commerce; Fintech; Transportation; Gaming; Retail; Financial Services

Technology advantage

AI-native system of record architecture (not retrofitted AI on legacy); real-time deep ERP integrations; agentic AI with MCP-native, model-agnostic design; end-to-end procurement lifecycle in one platform; structured data layer enabling reliable AI agents; multi-entity/multi-geography support; no-code workflow configuration.

How they differentiate

Unlike legacy platforms (Coupa, SAP Ariba) that require painful implementations and rigid architectures, and unlike intake tools (Zip) that only solve front-end orchestration without fixing the data layer, Pivot is built from the ground up as an AI-native system of record. It owns the complete data layer end-to-end, enabling reliable agentic AI that operates with full context across the entire procurement lifecycle.

Main competitors

Coupa (legacy cloud procurement); SAP Ariba (legacy enterprise procurement); Zip (AI procurement orchestration, San Francisco); Omnea (AI-native procurement intake, London)

Key partnerships

Deep ERP integrations with dozens of ERPs; MCP-native architecture compatible with any LLM provider; partnerships with procurement industry veterans including former Global VP Sales at SAP Ariba and founder of EcoVadis

Notable customers

DoorDash; Lemonade; Flix; Wolt; Wix; Global-E; Fonoa; Primer; Pennylane; Voodoo

Major milestones

Founded May 2023; €5M Pre-Seed raised April 2023; Product launched and first customers onboarded September 2023; €20M Series A raised December 2023 (72 days after pre-seed); €34.4M ($40M) Series B raised May 2026; Processes $3B in invoices annually; Operates in 25+ countries; Named customers include DoorDash, Lemonade, Flix, Wolt, Wix

Growth metrics

Processes $3B in invoices annually; operates in 25+ countries; 2,000+ vendors onboarded; ~95 employees as of Jan 2026

Market positioning

Pivot positions itself as the next-generation AI operating system for procurement, replacing both legacy systems (Coupa, SAP Ariba) and newer intake/orchestration tools (Zip). It differentiates by owning the data layer end-to-end as a system of record built for agentic AI workflows, rather than bolting AI onto fragmented legacy data.

Geographic focus

Global — operates in 25+ countries with offices in Paris, New York, London, Berlin, São Paulo, and Tel Aviv

About Romain Libeau

Ex-COO at Swile (French fintech unicorn, first employee); Marketing Director at Deliveroo. Master 2 in Project Management from Ecole du Multimédia.

Official website: