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How AI Procurement Platform Pivot Raised $70m

Procurementmag · · 461 words · By Georgia Collins
Enterprise Digital Transformation Venture Capital Funding AI Automation in Procurement

The AI procurement platform Pivot has raised $40 million in a Series B funding round, bringing its total funding to $70 million. The company aims to use the capital to develop agentic AI capabilities to automate procurement lifecycles and integrate with enterprise financial systems.

open_in_new Read the original article: https://procurementmag.com/news/how-ai-procurement-platform-pivot-raised-70m

analyticsAnalysis

30%
Propaganda Score
confidence: 95%
Minor concerns. Some persuasive language detected, but largely factual.

psychologyDetected Techniques

warning
Loaded Language 90% confidence
Using words with strong emotional connotations to influence an audience.
warning
Glittering Generalities 80% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

7 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 5
help Insufficient Evidence 1
check_circle Corroborated 1
info
“Pivot – an AI operating system for procurement – has raised US$40m in its latest funding round”
SINGLE SOURCE
Only Tech.eu reports the $40M funding round. TechCrunch reports a different, earlier figure of $21.6 million, and other results are irrelevant.
menu_book
wikipedia NEUTRAL — U.S. president Barack Obama's East Asia Strategy (2009–2017), also known as the Pivot to Asia, represented a significant shift in the foreign policy of the United States since the 2010s. It shifted th…
https://en.wikipedia.org/wiki/East_Asian_foreign_policy_of_t…
menu_book
wikipedia NEUTRAL — Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by ad…
https://en.wikipedia.org/wiki/Lean_startup
menu_book
wikipedia NEUTRAL — Toys "R" Us is an American toy, clothing, and baby product retailer that was founded in April 1948 by Charles Lazarus in Washington, D.C. The retailer initially began as Children's Supermart, selling …
https://en.wikipedia.org/wiki/Toys_"R"_Us
+ 3 more evidence sources
info
“taking its total amount raised since 2023 to US$70m”
SINGLE SOURCE
Only Tech.eu mentions that the total funding raised since 2023 is $70 million.
menu_book
wikipedia NEUTRAL — "The Geographical Pivot of History" is an article submitted by Halford John Mackinder in 1904 to the Royal Geographical Society that advances his heartland theory. In this article, Mackinder extended …
https://en.wikipedia.org/wiki/The_Geographical_Pivot_of_Hist…
menu_book
wikipedia NEUTRAL — U.S. president Barack Obama's East Asia Strategy (2009–2017), also known as the Pivot to Asia, represented a significant shift in the foreign policy of the United States since the 2010s. It shifted th…
https://en.wikipedia.org/wiki/East_Asian_foreign_policy_of_t…
menu_book
wikipedia NEUTRAL — The North American Aviation XB-70 Valkyrie is a retired prototype version of the planned B-70 nuclear-armed, deep-penetration supersonic strategic bomber for the United States Air Force Strategic Air …
https://en.wikipedia.org/wiki/North_American_XB-70_Valkyrie
+ 3 more evidence sources
info
“The Series B funding round was led by Forestay Capital and Notion Capital”
SINGLE SOURCE
The provided evidence for this claim consists of search results for the Washington Wizards basketball team and contains no information about Pivot's Series B funding or Forestay/Notion Capital.
travel_explore
web search NEUTRAL — The Washington Wizards are an American professional basketball team based in Washington, D.C. The Wizards compete in the National Basketball Association (NBA) as a member of the Southeast Division of …
https://en.wikipedia.org/wiki/Washington_Wizards
travel_explore
web search NEUTRAL — More 2025-26 Wizards Pages Roster & Stats Schedule & Results Transactions Game Log Splits Contracts Lineups On/Off Starting Lineups Depth Charts Referees On this page Roster Injury Report Assistant Co…
https://www.basketball-reference.com/teams/WAS/2026.html
travel_explore
web search NEUTRAL — 3 days ago · The latest Washington Wizards news, rumors, and free agency updates from the insider fans and analysts at Wiz of Awes.
https://wizofawes.com/
help
“with participation from Greyhound and EcoVadis, as well as existing investors Hedosophia, Visionaries Club and Emblem”
INSUFFICIENT EVIDENCE
No evidence was found after searching for the participation of Greyhound, EcoVadis, Hedosophia, Visionaries Club, or Emblem in the funding round.
info
“Deborah Pittet, Partner at Forestay Capital”
SINGLE SOURCE
The search results for 'Deborah' refer to biblical figures and do not mention a Deborah Pittet or Forestay Capital.
travel_explore
web search NEUTRAL — According to the Book of Judges, Deborah (Hebrew: דְּבוֹרָה, Dəḇōrā) was a prophetess of Judaism, the fourth Judge of pre-monarchic Israel and the only female judge mentioned in the Hebrew Bible.
https://en.wikipedia.org/wiki/Deborah
travel_explore
web search NEUTRAL — Aug 15, 2024 · Deborah was the wife of Lappidoth and possibly a mother. Although some theologians think that when she’s called “a mother in Israel” (Judges 5:7) it’s describing her as a godly matriarc…
https://www.biblestudytools.com/bible-study/topical-studies/…
travel_explore
web search NEUTRAL — Jun 11, 2025 · Deborah is one of the most influential women in the Bible. She is mainly known as a prophetess and a judge in Israel. Her story is primarily found in the Book of Judges, specifically in…
https://www.christianity.com/wiki/people/who-was-deborah-in-…
check_circle
“Marc-Antoine Lacroix, Co-Founder of Pivot”
CORROBORATED
Multiple independent sources (EU-Startups, Tracxn, and a third fintech report) confirm that Marc-Antoine Lacroix is a co-founder of Pivot.
travel_explore
web search NEUTRAL — This funding lets us bring that approach to more customers, more markets, and more complex enterprise environments,” said Marc-Antoine Lacroix, co-founder, Pivot.
https://www.eu-startups.com/2026/05/paris-pivot-pockets-e34-…
travel_explore
web search NEUTRAL — Pivot’s founders are Marc-Antoine Lacroix, former chief product officer of business banking startup Qonto, and Romain Libeau, who held the same role at employee benefits fintech Swile.
https://sifted.eu/articles/pivot-swile-qonto-5m-funding-news
travel_explore
web search NEUTRAL — Marc-Antoine Lacroix: Co-Founder of Pivot.Romain Libeau is the current CEO of Pivot. They have also founded 1 company and are angel investors in 3 startups.
https://tracxn.com/d/companies/pivot/__mqPswPvaR-CBPaiL38ot1…
info
“Jessica Thomas, Partner at Notion Capital”
SINGLE SOURCE
The search results for 'Jessica Thomas' return information about Jessica Alba and general lists of famous Jessicas, with no mention of a Partner at Notion Capital.
travel_explore
web search NEUTRAL — Jessica Marie Alba (/ ˈælbə / AL-bə; born April 28, 1981) is an American actress and businesswoman. She rose to prominence at age 19 for portraying Max Guevara, the lead character in the television se…
https://en.wikipedia.org/wiki/Jessica_Alba
travel_explore
web search NEUTRAL — Sep 20, 2025 · People How many celebrities named Jessica can you think of? The famous Jessicas below have many different professions, including notable actresses named Jessica, singers named Jessica, …
https://www.ranker.com/list/famous-people-named-jessica-v1/c…
travel_explore
web search NEUTRAL — 22M Followers, 7,605 Following, 5,337 Posts - Jessica Alba (@jessicaalba) on Instagram: "Founder of @honest, terrible speller, loyal friend, chingona. I play make believe for a living 🎭"
https://www.instagram.com/jessicaalba/
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.