
You
Pranav and Naveen are saving a seat for Fragment's first designer.
The problem
Procurement and AP teams spend their days fixing invoice mismatches and order changes by hand.
Fragment makes AI agents that resolve procurement and accounts payable exceptions.
The people
Pranav Mulgund · CEO
- Grew up in a manufacturing family; his parents met in a factory
- Helped start two supply chain companies
- Scaled Zoom products for frontline workers in manufacturing, healthcare and education
Naveen Kashyap · CTO
- Worked on workflow and data fragmentation since his generative AI research days
- Worked on core infrastructure and model training at a unicorn applied AI platform
- Led a product engineering team there
So far
Says revenue grew 30x in the first half of 2026, mostly from customer referrals.
$56M across seed and Series A; Series A led by 8VC, seed by General Catalyst and A*, October 2026.
Your seat
Sources: fragment.ai, ventureburn.com, jobs.ashbyhq.com