Fragment

The AI engine for procurement

[Fragment @fragmentdata]

Enterprise software has automated transactions for decades. But when something goes wrong, people still have to fix it.

We're Fragment. We've raised $56M to change that with AI agents that investigate and resolve complex exceptions, starting with direct procurement.

Thank you @8vc, @generalcatalyst, @A_StarVC, @roelofbotha, @nikesharora, @jeffawilke, @ericwu01 and @DennisKCinelli for your support!

https://t.co/ISy4hDh6fE

[Fragment @fragmentdata]

Thank you for your support @roelofbotha! It means a lot 🚀🚀

[Fragment @fragmentdata]

Thank you for your support @roelofbotha! It means a lot 🚀🚀

[Roelof Botha @roelofbotha]

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. https://t.co/6m9OuVUKSa

[Fragment @fragmentdata]

@kevinhartz @pranavmulgund @stopitnaveen Appreciate the support Kevin! Let’s go 🚀🚀

[Kevin Hartz @kevinhartz]

Congrats to @pranavmulgund, @stopitnaveen, and the whole team at Fragment! Amazing team building in a huge and overlooked market

[Fragment @fragmentdata]

The best to do it. What would we ever do without you two @pranavmulgund and @stopitnaveen! 🤝

[Pranav Mulgund @pranavmulgund]

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.

[Fragment @fragmentdata]

@jack_moshkovich @8vc Thank you for the support @jack_moshkovich!!!

[Jack Moshkovich @jack_moshkovich]

Our goal at @8vc has always been to help diffuse the latest technology through the real economy

While the term "procurement" was popularized in tech native circles in the context of managing opex spend (eg. software licences) for customers, the much larger opportunity is helping businesses navigate the messy complexity of managing their direct suppliers

No one has embraced the challenge more than @pranavmulgund and the rest of the @fragmentdata team

Couldn't be happier to announce our investment in the company. Read more in our post below!

[Revathi Advaithi @RevathiAdvaithi]

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.

[Fragment @fragmentdata]

Thank you for the support! We are huge fans of yours!! 😊😊😊

[Revathi Advaithi @RevathiAdvaithi]

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.

[Fragment @fragmentdata]

Amazing content! Love the creativity here @generalcatalyst

Our founders look so dashing!

[General Catalyst @generalcatalyst]

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

[Fragment @fragmentdata]

Excited to work with you! Let's get it! 🚀

[8VC @8vc]

For decades, enterprise software has transformed how companies manage purchasing, yet much of procurement remains stubbornly manual. At the world's largest manufacturers, buyers still spend countless hours chasing suppliers, reconciling discrepancies, and navigating fragmented systems.

Thrilled to back @pranavmulgund, Naveen Kashyap, and the team at @fragmentdata as we lead their Series A to tackle precisely this challenge.

Starting with direct procurement, Fragment is building AI agents that investigate and resolve complex operational issues across existing enterprise systems. At Flex, the team went from pilot to production in just three weeks, increasing employee productivity 4x.

Beyond automating manual work, we see an opportunity to fundamentally change how manufacturers understand their suppliers and make purchasing decisions.

More on our conviction in this exceptional team and the opportunity ahead: https://t.co/QgUd9gxuMd

[8VC @8vc]

For decades, enterprise software has transformed how companies manage purchasing, yet much of procurement remains stubbornly manual. At the world's largest manufacturers, buyers still spend countless hours chasing suppliers, reconciling discrepancies, and navigating fragmented systems.

Thrilled to back @pranavmulgund, Naveen Kashyap, and the team at @fragmentdata as we lead their Series A to tackle precisely this challenge.

Starting with direct procurement, Fragment is building AI agents that investigate and resolve complex operational issues across existing enterprise systems. At Flex, the team went from pilot to production in just three weeks, increasing employee productivity 4x.

Beyond automating manual work, we see an opportunity to fundamentally change how manufacturers understand their suppliers and make purchasing decisions.

More on our conviction in this exceptional team and the opportunity ahead: https://t.co/QgUd9gxuMd

[Fragment @fragmentdata]

@8vc Excited for our future together! Let's make it happen 🚀

[Joshua Kurian @joshuamkurian]

@pranavmulgund, @stopitnaveen, and the rest of @fragmentdata are gonna pull up and automate your procurement like

[Fragment @fragmentdata]

@HipCityReg Thanks for having us Reggie! Was super fun!!

[Reggie James @HipCityReg]

NEW SERIES ALERT

We wanted to nail the feeling of seed and series A investing. Pushing in through the noisy crowd to find the signal

And all the small details. The Teenage Engineering TP-7, the lens we sourced, the Proust questionnaire we developed

Excited for more of these!!

[Fragment @fragmentdata]

@meggmcw @pranavmulgund @8vc @generalcatalyst @A_StarVC Thanks Meg! Stop by the new office some time!

[Fragment @fragmentdata]

@pranavmulgund @8vc @generalcatalyst @A_StarVC Oh its official for sure. 🚀🚀🚀

[Pranav Mulgund @pranavmulgund]

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.

[Fragment @fragmentdata]

@yuris @8vc Thank you Yuri! Excited for whats to come!! 🙌🙌🙌