Fragment
AI agents that resolve procurement and payment exceptions for large enterprises.
About Fragment
Fragment is a San Francisco based enterprise AI company building software that turns a company’s operating knowledge into autonomous action.
Its Autonomous Context Engine, known as ACE, connects information across existing systems and captures the policies, relationships and institutional knowledge that experienced employees rely on every day.
Agents built on ACE investigate exceptions such as order changes and invoice discrepancies, decide on the right response and carry out authorised resolutions, working with data where it lives so customers do not need to migrate data into a new platform.
Fragment deliberately started with direct procurement at large physical goods companies, where order changes, invoice discrepancies, shortages and tariff changes constantly revise purchasing plans. The company says its approach is already at work at Graybar and CNX, and it prices its software around work completed by its agents rather than user seats. Fragment says the average customer has seen 5 million to 10 million US dollars in impacted costs, a reduction of around 50 percent in exceptions in the first few weeks, and over 90 percent of exceptions resolved without human intervention.
Founders
Funding History
Frequently Asked Questions
What does Fragment build?
Fragment builds software that turns a company's operating knowledge into autonomous action. Its Autonomous Context Engine connects information across existing systems so agents can investigate and resolve purchasing and payment exceptions.
Who founded Fragment?
Fragment was founded in 2025 by Pranav Mulgund and Naveen Kashyap. Mulgund grew up in a manufacturing family and later scaled products at Zoom, while Kashyap worked in generative AI research.
How much funding has Fragment raised?
Fragment launched out of stealth in October 2026 with $56 million in total funding, covering a Series A led by 8VC and a seed round co-led by General Catalyst and A*. The split between the two rounds is not disclosed.
Who uses Fragment?
Fragment says its approach is already at work at Graybar and CNX, two large physical goods businesses, and that it is selling to dozens of Fortune 1000 customers.
