Fragment

Roelof Botha Verified account @roelofbotha · Oct 29

Every supply chain runs on exceptions: a late shipment, a mismatched invoice, a price that drifted. @fragmentdata turns a company's own knowledge into action to resolve them, starting with direct procurement. Proud to back the team as they announce $56M in total funding. fragment.ai/blog/fragment-…

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Pranav Mulgund Verified account @pranavmulgund · Oct 28

Enterprise software has spent decades digitizing paperwork while leaving the hardest work to people. We're changing that.

Today, we’re launching @fragmentdata with $56 million in funding, including a Series A led by @8vc and a seed co-led by @generalcatalyst and @A_StarVC, with angels including @roelofbotha, @nikesharora, and @jeffawilke.

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Revathi Advaithi Verified account @RevathiAdvaithi · Oct 28

Today my son @pranavmulgund and his cofounder Naveen launched @fragmentdata , with $56M from @8vc @generalcatalyst and A*
 
The real bottleneck in industrial procurement isn’t a lack of vision. It’s architectural chaos running underneath it.
In the past few years, I have understood the magnitude of disparate software systems driving Industrial companies and the inability to find our way out of it.

To bridge the cracks, companies threw people at the problem. Back-office teams became expensive human API wrappers, copy-pasting data across systems that were never designed to connect. When basic execution depends on brute-force manual work, strategic sourcing is an illusion. You can’t create value when your baseline data is noisy, delayed, and trapped in silos.
 
This is where AI agents change the game. Instead of a multi-year, high-risk ERP rip-and-replace, they work as an intelligent layer over the infrastructure you already have. They investigate discrepancies, reconcile invoices, and execute resolutions across fragmented systems in real time. Once the plumbing runs cleanly, supply chain leaders can stop fighting back-office fires and do their real job: managing risk, building supplier relationships, and making the capital allocation calls that keep a business resilient.

That’s what an AI engine for procurement enables, and it’s what Fragment is building.
And that’s why in a short year they are growing so fast. The depth and capability they have built and their ability to execute quickly is game changing. If you are an Industrial company #CEO or #CPO call them now.
 
Pranav grew up hearing how small daily decisions decide whether a factory keeps running. I couldn’t be prouder of what he’s building to make those decisions faster.
 
Congratulations, Pranav, Naveen and the whole Fragment team.

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General Catalyst Verified account @generalcatalyst · Oct 28

Many manufacturers run on exceptions that their software can’t resolve, @fragmentdata's agents resolve them end to end.

Today, Fragment comes out of stealth with $56M in total funding. General Catalyst co-led their seed round, and are back to support their Series A. Listen to @pranavmulgund and @stopitnaveen discuss the procurement and economic impact of the iPhone in this short clip.

cc: @vedantsuri, @yuris

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