Fragment is a San Francisco-based enterprise AI company founded in 2025 by Pranav Mulgund and Naveen Kashyap that automates direct-procurement work for large manufacturers, distributors and energy businesses. Its Autonomous Context Engine (ACE) connects a company's data, policies and institutional knowledge across existing ERP and procurement systems, letting AI agents investigate and autonomously resolve purchasing and payment exceptions such as PO change orders and invoice discrepancies without requiring data migration. Launched from stealth in October 2026 with $56 million in total funding, it serves large enterprises including Graybar, CNX and Flex.
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Oct 28, 2026
Latest raise
Funding activity · 1 round
Oct 28, 2026
$56M
Series A
Led by 8VC
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