Pivot Acquisition | Technology Deal in NY

Pivot has completed the acquisition of Pivot, a enterprise software business in New York, for $40 million. Pivot is an AI operating system for procurement that replaces legacy procurement software with agentic AI workflows for enterprise buying, invoice processing, and vendor onboarding. The platform integrates with ERPs and financial systems to bring financial rigor to complex procurement operations across multiple countries, supporting customers such as DoorDash, Lemonade, and Flix. The $40 million Series B is a platform acquisition-style technology deals NY funding round intended to expand into new enterprise markets and deepen enterprise software acquisition integrations, with leadership from Forestay Capital and Notion Capital and participation from procurement industry veterans.