Arkestro provides a predictive procurement platform that uses AI-driven negotiation, supplier selection, and automated workflow sciences to accelerate sourcing for large enterprises. The cloud‑based solution generates fact‑based pricing strategies, ranks vendors with risk metrics, and offers real‑time spend analytics, integrating with existing ERP systems to reduce cycle times and improve spend visibility.
Funding
$36M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
3OAGFounders
Product
Problem
Enterprises face lengthy procurement cycles, fragmented supplier data, and limited visibility into spend, which hampers cost savings, risk management, and the ability to respond quickly to market changes.
Solution
Arkestro offers a predictive procurement platform that applies AI-driven negotiation, supplier, and process sciences to automate and accelerate sourcing activities. The system generates fact‑based negotiation strategies, selects and engages suppliers using predictive analytics, and orchestrates end‑to‑end workflows without manual intervention. By continuously analyzing spend patterns and market signals, the platform provides real‑time recommendations that reduce costs, improve supplier performance, and increase spend control. Results are delivered through a cloud‑based dashboard that integrates with existing ERP and procurement systems, enabling procurement teams to make faster, data‑backed decisions at scale.
Target Audience
Primary customers are large enterprises and corporate procurement organizations seeking to modernize sourcing, reduce cycle times, and achieve greater spend visibility across multiple business units.
Features
- AI‑powered negotiation engine that creates optimal pricing and contract terms based on historical data and market benchmarks
- Supplier selection module that scores and ranks vendors using predictive performance and risk metrics
- Automated workflow engine that routes approvals, generates purchase orders, and tracks execution without manual effort
- Real‑time spend analytics and forecasting dashboards with drill‑down capabilities
- Seamless integration via APIs and pre‑built connectors for major ERP and procurement suites
- Continuous learning loop that refines recommendations as new transaction data is ingested