Fragment

Fragment builds AI agents that take on the exception work in enterprise procurement: the orders that change, the deliveries that arrive in parts and the invoices that do not match the agreement. Its starting market is direct procurement at large manufacturers, where materials and components are bought across complex global supply chains and fragmented systems.

What it does

The core of the product is the Autonomous Context Engine, or ACE. It connects a company's data, systems, policies and institutional knowledge into what Fragment calls an operational blueprint of how the business works. Using that context, Fragment's agents investigate a discrepancy, work out the appropriate next step and carry out authorised resolutions in the systems the company already uses. Fragment's position is that customers should not have to replace their ERP or procurement suite to use AI, and that a deployment can start with one defined workflow.

Who it serves

Fragment works with large enterprises and names Graybar and CNX as customers. It says Graybar processes roughly 3 million invoices a year, 80% of which need some form of resolution. Its own glossary and use-case pages are written for procurement and accounts payable teams. The company says it will use its funding to develop ACE further, expand across source-to-pay and reach more of the world's largest enterprises.

Key facts

Founders: Pranav Mulgund and Naveen (co-founders) Funding: $56 million from investors including 8VC, General Catalyst and A*, announced 28 October 2026 Angel investors named: Roelof Botha, Nikesh Arora, Jeff Wilke, Eric Wu, Dennis Cinelli Works with: SAP, Ariba, Coupa Headquarters: not stated on the pages we read