← Embedded Finance Index 2026

Pillar

“Can AI turn manual, fragmented commodity and FX hedging into an always-on risk management layer for real-economy businesses?”

Founded2023
HQNew York, NY, United States
FoundersHarsha Ramesh, Chinmay Deshpande
Total raised$23M
Latest roundSeed, 2026 ($20M)
IndustryFintech / Risk Management

The story

Pillar was founded in 2023 to automate hedging for commodity-driven and FX-exposed businesses. The company uses AI to ingest data from client contracts, cash flows, inventories, ERP software, spreadsheets, and even WhatsApp messages to continuously analyze exposure across commodities, FX, and freight — offering a consolidated risk management hub. It raised $20M seed from a16z in April 2026.

Last 12 months

2026-04

Raised $20M seed round led by Andreessen Horowitz

Product timeline

2023

Founded by former Barclays and Coinbase employees Harsha Ramesh and Chinmay Deshpande· pivot

2026

Raised $20M seed led by a16z to scale AI-powered hedging platform for commodity and FX risk· banking

The stack

0 layers disclosed in Pillar’s embedded-finance stack

Accounting gap: none

Pillar — frequently asked

Who founded Pillar?

Pillar was founded by Harsha Ramesh and Chinmay Deshpande and is founded in 2023, headquartered in New York, NY, United States.

How much funding has Pillar raised?

Pillar has raised $23M in total (latest round: Seed, 2026 ($20M)).

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