Arkestro Lands $36 Million Investment

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4426942-1&amp&semi;h&equals;26584371&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Farkestro&period;com&percnt;2F&amp&semi;a&equals;Arkestro" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Arkestro<&sol;a><&sol;u>&comma; a Predictive Procurement Platform accelerating enterprise spend transformation&comma; has landed a strategic investment totaling <span class&equals;"xn-money">&dollar;36 million<&sol;span>&period; The investment was led by <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4426942-1&amp&semi;h&equals;3582564095&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;altiragroup&period;com&percnt;2F&amp&semi;a&equals;Altira&plus;Group" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Altira Group<&sol;a><&sol;u> and <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4426942-1&amp&semi;h&equals;1126366274&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Faramcoventures&period;com&percnt;2F&amp&semi;a&equals;Aramco&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Aramco Ventures<&sol;a><&sol;u>&comma; with participation from existing investors NEA&comma; KDT&comma; and Activant&period; The investment will accelerate Arkestro&&num;8217&semi;s ongoing innovation in AI-powered procurement technology&comma; advancing its mission to help enterprises unlock hidden savings&comma; reduce supply chain risk&comma; and drive operational efficiency—empowering procurement teams to focus on strategic&comma; high-impact initiatives&period;<&sol;p>&NewLine;<p>Arkestro&&num;8217&semi;s Predictive Procurement Platform leverages AI&comma; behavioral science&comma; and game theory to accelerate procurement cycles&comma; enhance supplier collaboration&comma; and drive an average of 18&period;8&percnt; cost savings on every <span class&equals;"xn-money">&dollar;1M<&sol;span> of spend&period; By integrating Arkestro&&num;8217&semi;s patented three sciences&colon; Negotiation Science&comma; Supplier Science&comma; and Process Science&comma; the platform empowers procurement teams to proactively shape procurement outcomes rather than react to supplier quotes&period; Through their investment&comma; Altira Group and Aramco Ventures support Arkestro&&num;8217&semi;s global growth efforts and recognizes its predictive procurement technology&&num;8217&semi;s ability to reduce risk and enhance supply chain resilience&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Arkestro cuts through the noise with a pragmatic application of AI technology that gives procurement experts superhuman-like capabilities and reinforces their role as a strategic lever for the enterprise&comma;&&num;8221&semi; said J&period;P&period; Bauman&comma; Partner at Altira Group&comma; who has joined Arkestro&&num;8217&semi;s board of directors&period; &&num;8220&semi;Our seven leading oil &amp&semi; gas partners—together with our co-investors at Aramco Ventures—represent hundreds of billions in procurement spend annually&period; We&&num;8217&semi;re proud to support Arkestro&&num;8217&semi;s leadership and scaling across the energy and broader industrial markets&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Aramco Ventures invests in disruptive technologies that redefine industries&comma; and Arkestro&&num;8217&semi;s Predictive Procurement Platform is doing just that&comma;&&num;8221&semi; said <span class&equals;"xn-person">Bruce Niven<&sol;span>&comma; Executive MD and Head of Strategic Venturing at Aramco Ventures&period; &&num;8220&semi;Arkestro&&num;8217&semi;s approach is transforming procurement into a proactive&comma; strategic function that delivers measurable financial impact&period; We&&num;8217&semi;re excited to support their growth and help drive the next generation of supply chain innovation&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;This strategic investment from Altira Group and Aramco Ventures is a testament to the growing demand for predictive procurement technology that leverages AI and behavioral science to transform supply chain processes&comma;&&num;8221&semi; said <span class&equals;"xn-person">Rob DeSantis<&sol;span>&comma; CEO and Co-Founder of Arkestro&period; &&num;8220&semi;Procurement teams today are navigating increasingly complex&comma; global challenges&comma; yet legacy processes continue to slow decision-making and leave cost savings untapped&period; With Altira Group and Aramco Ventures&&num;8217&semi; support&comma; we will expand our capabilities and bring predictive procurement transformation to even more enterprises looking to drive profitability and resilience in their supply chains&period; Arkestro enables procurement teams to serve as a revenue-driving function of the business rather than a cost center&comma; and we&&num;8217&semi;re excited to extend our impact even further with this investment&period;&&num;8221&semi;<&sol;p>&NewLine;<p>In the past year&comma; Arkestro has rapidly expanded its customer base&comma; with industry leaders—including Fortune 500 manufacturers&comma; energy companies&comma; and global supply chain organizations—using its Predictive Procurement platform to accelerate decision-making&comma; strengthen supplier partnerships&comma; and maximize cost savings&period;<&sol;p>&NewLine;