What does Arkestro do?
Arkestro provides a predictive procurement platform that helps enterprises capture trapped savings and reduce risk by combining AI, game theory, and its patented three science technology: Negotiation Science, Supplier Science, and Process Science.
How much did they raise?
The company raised $36M in funding with the round led by Altira Group and Aramco Ventures, joined by existing investors NEA, KDT, and Activant.
What are their plans for the money?
Arkestro intends to use the funds to accelerate its innovation in AI-powered procurement technology, which could enhance win rates and strengthen supply chain agility for Fortune 500 companies.
What have they achieved so far?
The platform is already being used by Fortune 500 companies across various industries, demonstrating its impact in transforming enterprise spend management.
