Piston Raises $15M Series A

Piston, a Cupertino, CA-based provider of a cardless payments platform that connects commercial fleets and gas stations, has raised $15M in Series A funding. This latest investment brings the company's total funding to $22.5M.

Investors

The round was led by FPV Ventures, with participation from Spark Capital and Pear VC.

Piston Use of Funds

The company plans to use the new capital to accelerate the national build-out of its payments network, advance product development, and add senior leaders across key areas of the business.

About Piston

Founded by CEO Vikram Sekhon, Piston provides a cardless payments network designed to connect commercial fleets with gas stations and convenience stores. The platform utilizes secure mobile authorization technology at the point of sale to eliminate physical card fraud and reduce transaction costs. Additionally, the software offers real-time visibility into fuel spending and includes AI-driven tools such as Piston Guard for anomaly detection and Piston Analytics Agent for spending analysis.

Funding Details

Company Website: https://usepiston.com

Company: Piston
Raised: $15M
Round: Series A
Funding Date: September 11, 2026
Lead Investor: FPV Ventures
Additional Investors: Spark Capital, Pear VC
Software Category: FinTech
Source: https://www.finsmes.com/2026/09/piston-raises-15m-in-series-a-funding.html