Arkestro, a trailblazer in predictive procurement, has raised $36 million in strategic investment to accelerate its mission of transforming enterprise spending through AI and behavioral science. The round was led by Altira Group and Aramco Ventures, with continued support from existing backers NEA, KDT, and Activant.
This fresh injection of capital will fuel product innovation, global expansion, and help enterprises unlock untapped savings while making procurement smarter, faster, and more strategic.
What Arkestro Does
Arkestro’s Predictive Procurement Platform leverages:
- âś… AI
- âś… Behavioral Science
- âś… Game Theory
Together, these tools deliver an average 18.8% cost savings per $1M of spend. The platform doesn’t just analyze supplier quotes — it actually shapes outcomes before suppliers even submit them.
With their patented “Three Sciences” approach:
- Negotiation Science
- Supplier Science
- Process Science
Arkestro empowers procurement teams to become strategic players in their organizations — not just cost managers.
Why the Investors Are All In
J.P. Bauman, Partner at Altira Group, who also joins Arkestro’s board, shared:
“Arkestro is cutting through the noise with AI that gives procurement teams superhuman powers. Our energy partners represent hundreds of billions in spend — Arkestro is exactly the kind of technology we want scaling across the industrial sector.”
Bruce Niven, Executive MD at Aramco Ventures, added:
“Arkestro is transforming procurement into a proactive, strategic engine. This isn’t just tech — it’s a complete shift in how global supply chains operate.”
This investment is not just a bet on software; it’s a commitment to reshaping global procurement from a reactive cost function to a forward-looking profit center.
What’s Next for Arkestro?
With this new funding, Arkestro plans to:
- Expand platform capabilities
- Scale operations across new regions
- Deepen penetration in energy, manufacturing, and industrial markets
- Help more enterprises drive profitability and supply chain resilience
Rob DeSantis, CEO & Co-founder of Arkestro, said:
“Legacy procurement processes leave value on the table. With this investment, we’ll extend our reach and help more organizations turn procurement into a growth engine.”
A Growing Track Record
In just the past year, Arkestro has added numerous Fortune 500 companies to its client list — from energy giants to global manufacturers — all looking to optimize spend, reduce risk, and enhance supplier partnerships.
- ✅ Named in Gartner’s 2024 Hype Cycle as a Sample Vendor for Autonomous Procurement
- ✅ Recognized as a Top Tech – Sourcing provider in SolutionMap Fall 2024
What does Arkestro do?
Arkestro helps businesses transform enterprise spend using a blend of AI, negotiation tactics, and predictive insights. Its tools enable companies to make smarter decisions, faster, all while reducing supply chain risk and unlocking hidden savings. Learn more from its own website www.arkestro.com