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
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