Arkestro

Arkestro

AI-driven procurement optimization platform

About Arkestro

Simplify's Rating
Why Arkestro is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$102.3M

Headquarters

San Francisco, California

Founded

2017

Overview

Arkestro specializes in Predictive Procurement Orchestration (PPO), using artificial intelligence to improve procurement processes for businesses. The platform helps companies quickly collect and compare quotes from suppliers, enabling faster and more informed purchasing decisions. Arkestro primarily targets large global companies that need to enhance their supply chain efficiency, especially during disruptions. The software-as-a-service (SaaS) model allows clients to subscribe to the platform, which integrates with their existing systems to automate procurement tasks and provide predictive insights. This approach saves time and allows procurement teams to focus on strategic activities. Arkestro differentiates itself by offering AI-driven tools that lead to significant cost savings and efficiency improvements for its clients.

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Funded Recently
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Simplify's Take

What believers are saying

  • Arkestro secured $36M funding to accelerate AI-driven procurement innovation and global growth.
  • Partnership with Infor Marketplace enhances procurement efficiency for over 60,000 organizations globally.
  • A multinational energy company achieved 20% cost reduction using Arkestro's platform.

What critics are saying

  • Increased competition from AI-driven platforms could erode Arkestro's market share.
  • Rapid AI advancements may render Arkestro's offerings obsolete if innovation lags.
  • Economic downturns could impact Arkestro's subscription-based revenue model.

What makes Arkestro unique

  • Arkestro uses AI to streamline procurement, reducing manual data collection and analysis.
  • The platform integrates seamlessly with existing systems, enhancing procurement efficiency and decision-making.
  • Arkestro's Predictive Procurement Orchestration offers faster savings and real-time collaboration for businesses.

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Funding

Total Funding

$102.3M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$36M
Arkestro
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Home Office Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↓ -2%

1 year growth

↓ -2%

2 year growth

↓ -2%
SRM Today
May 15th, 2025
Arkestro secures $36m to accelerate AI-driven transformation in procurement

Arkestro, a frontrunner in predictive procurement technology, has announced a substantial $36 million funding round, strategically led by Altira Group and Aramco Ventures, with contributions from existing investors including NEA, KDT, and Activant.

Folsom Local News
May 14th, 2025
Arkestro Secures $36M for Innovation

Arkestro has secured a $36 million strategic investment to accelerate its predictive procurement innovation, as reported by PR Newswire.

Finsmes
May 14th, 2025
Arkestro Raises $36M in Funding

Arkestro raises $36M in funding.

Benzinga
May 14th, 2025
Arkestro Secures $36M for Procurement Innovation

Arkestro has secured a $36 million strategic investment led by Altira Group and Aramco Ventures, with participation from NEA, KDT, and Activant. This funding will accelerate Arkestro's innovation in AI-powered procurement technology, enhancing supply chain resilience and operational efficiency. The investment supports Arkestro's global growth, enabling procurement teams to drive profitability and resilience. Arkestro's platform is used by Fortune 500 companies to optimize procurement processes.

SRM Today
Mar 21st, 2025
Arkestro expands Executive Advisory Board with industry leaders

**San Francisco**: Arkestro appoints Alan Turfe and Edwin Bennett to its Executive Advisory Board, aiming to strengthen its strategic direction amidst evolving global supply chain challenges.

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