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Arkestro

AI-powered procurement orchestration SaaS

Overview

Arkestro is a SaaS platform that uses AI to streamline and optimize procurement for large global companies. It provides Predictive Procurement Orchestration (PPO), which automates the process of collecting and comparing supplier quotes and extracts predictive insights to guide purchasing decisions. The product integrates with a company's existing systems to automate routine procurement tasks, enabling teams to operate at scale without manual data gathering. Unlike traditional procurement tools, Arkestro focuses on AI-driven orchestration across suppliers to speed up decisions and improve supply chain resilience. The company's goal is to help enterprises achieve faster, more informed buying decisions, reduce cycle times, and realize cost savings through smarter procurement.

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About Arkestro

Simplify's Rating
Why Arkestro is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$102.4M

Headquarters

San Francisco, CA

Founded

2017

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Simplify's take

What believers are saying

  • EU spend hit nearly $300 million, and 2026 international baseline spend rose 330%.
  • Arkestro said customer spend through the platform more than tripled year to date in August 2026.
  • The $36 million May 14, 2025 investment and 2026 leadership hires support aggressive expansion.

What critics are saying

  • Heavy customer concentration in big enterprises exposes Arkestro if Chevron or Nissan consolidate vendors.
  • SAP Ariba, Coupa, and Ivalua can bundle similar workflows, pressuring pricing by 2027.
  • If Pricing Updates fails to prove durable savings after contracts, Arkestro becomes a conference-driven story.

What makes Arkestro unique

  • Arkestro turns procurement into continuous monitoring, not one-time sourcing, with Pricing Updates on October 14, 2026.
  • Its MCP connectivity plugs predictive procurement into enterprise AI workflows, widening daily usage.
  • Chevron, Nissan, and European buyers validate the platform across 34 countries and categories.

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Funding

Total Funding

$102.3M

Above

Industry Average

Funded Over

4 Rounds

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
$45M
$65M
$100M

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

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Procurement Magazine
Oct 14th, 2026
Arkestro: continuous procurement and AI workflows.

Arkestro: continuous procurement and AI workflows. October 14, 2026 Ben Leiken, Chief Product Officer of Arkestro on what Arkestro's new products mean for procurement teams and what's next for Arkestro Leading predictive procurement platform Arkestro is accelerating its enterprise scale with the launch of two new offerings - Pricing Updates and Model Context Protocol (MCP) connectivity. Demonstrated at its flagship customer conference, Optimal '26 Houston, Arkestro's new offerings expand its core predictive procurement platform by extending its capabilities into agentic AI environments. "Supply chain disruptions, trade uncertainty, and rising costs are forcing procurement teams to move faster and deliver even greater outcomes, while AI raises expectations for how much they can accomplish. Automating existing processes with AI may boost efficiency by percentage points, but it isn't enough to help them succeed in this increasingly complex operating environment," says Ben Leiken, Chief Product Officer at Arkestro. Greater visibility and consistency. Procurement teams often lack the time and resources to proactively revisit pricing across increasingly large supplier networks after a sourcing or buying process ends. This results in teams being left in a reactive mode, receiving price updates only when suppliers share new information. With Arkestro's Pricing Updates, teams can schedule recurring price reviews to prompt suppliers to confirm or submit changes. As the workforce of the future blends human judgment with advanced AI capabilities, procurement technology has to elevate the capabilities of both. Ben Leiken, Chief Product Officer of Arkestro Arkestro's platform evaluates each proposed change, taking the original negotiation into context and can suggest counteroffers or tailored feedback before new prices take effect. Pricing Updates also accounts for factors that affect total landed cost, including local currencies, freight, tooling and commodity-index pricing. With this, procurement teams can unlock new continuous procurement capabilities. The solution provides a consistent view of supplier offers over time and expands the ability to protect negotiated value and identify saving opportunities. "Procurement needs technology that dramatically improves visibility into costs and clarifies which events to prioritise, without adding to the team's workload. In practice, that means moving beyond siloed negotiations toward continuous procurement, giving the entire team consistent visibility and context around deal history and supplier economics to ensure value realisation long after an agreement is signed," says Ben. Procurement teams need systems that remain attentive as supplier conditions change and create trusted intelligence available wherever work is happening. By extending predictive procurement across the life of an award and into the enterprise AI ecosystem, Procurement Mag can give buyers and suppliers better context without taking experts out of the decisions that shape those relationships. Ben Leiken, Chief Product Officer of Arkestro Bringing AI into existing AI workflows. With Arkestro's new Model Context Protocol (MCP), procurement teams can bring the company's predictive procurement capabilities into existing AI workflows. "The next opportunity is connecting procurement workflows across businesses. Buyers and suppliers still exchange vast amounts of information through email, spreadsheets, and manual follow-ups. As enterprises build their own AI workflows, a unique opportunity is emerging to make these interactions faster, simpler, and far more efficient," says Ben. Enterprises can control what information an AI agent can access and what actions it can take to keep humans at the centre of procurement decisions. Agents can utilise intelligence provided by Arkestro to monitor sourcing activity, summarise what needs attention, draft supplier communication and prepare new competitive bids. With these capabilities, users can reduce the administrative overhead, giving procurement teams more time to apply their expertise to the decisions and supplier relationships that shape each deal. "Pricing Updates provides clarity and control over price movement post-contract, while MCP connectivity allows the vast quantities of intelligence generated by procurement to inform broader enterprise workflows and decisions. This combination is where AI's value within procurement becomes easily visible, as enterprises can manage more spend and more supplier activity without increasing administrative workload," says Ben. "Our direction at Arkestro is to make procurement an engine driving ever-improving commercial outcomes, where the value of a supplier agreement is measured and maintained over its lifetime rather than just at the moment it's signed." Company Portals

PR Newswire
Sep 29th, 2026
Arkestro sees $336M in European spend as platform usage surges 93% year-over-year

Arkestro, a predictive procurement platform, is expanding its European operations following significant regional growth. Nearly $300 million in European spend has moved through the platform, with EU spend growing 93% year over year. Baseline spend in international procurement events grew 330% from 2024 to 2025 and is projected to increase another 47% in 2026. European platform users have grown 78% year over year as existing customers extend the service across additional teams and categories. The platform now operates across 34 countries, with customers generating approximately 10% average savings on completed European events. The expansion is driven by enterprises seeking faster procurement decisions and stronger supplier engagement amid market volatility. Arkestro announced the expansion at DPW Amsterdam 2026.

PR Newswire
Sep 17th, 2026
Arkestro announces Optimal '26, bringing together top enterprise leaders from Chevron, JLL, BMI and Nissan to Unlock the Predictive Advantage.

Arkestro announces Optimal '26, bringing together top enterprise leaders from Chevron, JLL, BMI and Nissan to Unlock the Predictive Advantage. Sep 17, 2026, 12:00 ET Annual conference will convene procurement, supply chain and business leaders in Houston to explore how predictive intelligence is reshaping enterprise decision-making HOUSTON, Sept. 17, 2026 /PRNewswire/ - Arkestro, the only predictive procurement platform accelerating enterprise scale, today announced Optimal '26, its annual customer conference taking place Oct. 13-15, 2026, in Houston, Texas. The event will bring together procurement, supply chain and business leaders from across industries to explore how enterprises are applying AI-powered predictive procurement to "Unlock the Predictive Advantage." Optimal '26 will gather Arkestro customers, partners and industry leaders, including executives from Chevron, Nissan, CenterPoint Energy, JLL, Phillips 66, W.R. Grace, BMI, and Zurich North America with more to be announced. The Predictive Advantage in Action Programming at Optimal '26 will focus on the practical questions facing procurement and supply chain leaders as AI becomes more deeply embedded across enterprise operations. Sessions will explore how organizations are using AI's predictive capabilities to navigate volatility, increase procurement capacity, improve supplier engagement and strengthen procurement's connection to the C-suite. Featured sessions and speakers include: * From Reactive to Predictive: Inside CenterPoint's Procurement Shift - Christopher Foster, Executive Vice President and CFO of CenterPoint Energy, will share a C-suite perspective on the company's procurement evolution. * Making It Stick: How Leading Enterprises Drive Predictive Procurement Change - Leaders from JLL, W.R. Grace and BMI will join Arkestro's Chief Customer Officer Greg Cruz to discuss what it takes to drive adoption and lasting change across the enterprise. * Executive Panel: The C-Suite View of Predictive Procurement - Procurement and finance leaders from JLL, Zurich North America and Nissan Americas will explore how predictive procurement is driving value beyond the procurement function and across the broader enterprise. * One Year Later: Chevron on Scaling Predictive Procurement Enterprise-Wide - Joshua Flowers, senior manager of SCM IT category management at Chevron, will discuss the company's continued journey to predictive procurement at scale. * Always on, Arkestro in Action - Arkestro Chief Product Officer Ben Leiken and VP of Product Management Bob van Leeuwen will showcase the next evolution of Arkestro's predictive procurement platform. Optimal '26 will also feature a dedicated space for supplier perspectives through an invite-only Supplier Summit, where participants will work with Arkestro's Supplier Consulting Group and product team to share feedback, explore the platform and shape the future of supplier enablement. "Supply chain and procurement leaders are navigating unprecedented complexity while being asked to deliver more for the business than ever before," said Rob DeSantis, CEO and co-founder of Arkestro. "Predictive procurement is no longer an experiment. Some of the world's largest enterprises are using it to operate at greater speed and scale, influence more spend and make decisions that have a meaningful impact on margins. Optimal brings leaders together to share how they're putting predictive approaches into practice across procurement and supply chain, and to shape what comes next." About Arkestro Arkestro is the leading predictive procurement platform, accelerating enterprise spend transformation and supply chain agility. By combining AI and game theory with Arkestro's patented three science technologies - Negotiation Science, Supplier Science, and Process Science - Arkestro shifts traditional procurement to become a proactive, results-driven function. Trusted by Fortune 500 companies across industries, Arkestro unlocks trapped savings, optimizes negotiations, and enhances supplier collaboration. Learn more about Arkestro at www.arkestro.com and register for Optimal '26 Houston, the premier AI event for procurement professionals, taking place October 13-15, 2026. SOURCE Arkestro

PR Newswire
Sep 8th, 2026
Arkestro named a Sample Vendor in 2026 Gartner(R) Hype Cycle(TM) for Multienterprise Solutions.

Arkestro named a Sample Vendor in 2026 Gartner(R) Hype Cycle(TM) for Multienterprise Solutions. Sep 08, 2026, 12:00 ET Arkestro recognized as a Sample Vendor for Supplier Discovery as we see enterprises look to strengthen supplier networks and respond faster to disruption SAN FRANCISCO, Sept. 8, 2026 /PRNewswire/ - Arkestro, the leading predictive procurement platform accelerating enterprise scale, today announced that it has been identified as a Sample Vendor in the Gartner(R) Hype Cycle(TM) for Multienterprise Solutions, 2026. "As supplier networks become more complex, we believe predictive intelligence can give buyers more options and resilience while giving suppliers a more informed way to engage," said Rob DeSantis, Founder and CEO of Arkestro. "Competition will always be part of procurement, but it doesn't have to make buyer-supplier relationships adversarial when both sides have a better way to work together. To enable that collaboration, procurement technology must extend beyond the walls of the enterprise. Improving the decision-making process for both procurement teams and suppliers will enhance value across the supply chain, not just the processes happening inside either organization." Arkestro was named a Sample Vendor for Supplier Discovery, which Gartner defines as solutions that assist organizations in identifying, assessing and incorporating new supply sources for goods and services within their procurement processes. The report notes that these solutions generally maintain an extensive database of supplier information and frequently utilize artificial intelligence and graph technologies to match sourcing criteria with potential suppliers, thereby optimizing the competitiveness of the supplier portfolio. To us, Gartner also cites supply chain disruptions, capacity constraints, cost optimization strategies, and innovation targets as reasons procurement teams need to efficiently identify and qualify alternative suppliers. We feel the report further notes that Supplier Discovery is increasingly being embedded within third-party risk management, supplier risk management, source-to-pay and other procurement platforms, making it a feature of broader procurement technology rather than a distinct market. The announcement follows Arkestro's fourth consecutive recognition as a Sample Vendor in the Gartner Hype Cycle for Procurement and Sourcing Solutions, 2026, where the company was named in the Supplier Discovery and Autonomous Sourcing categories. To view the full Hype Cycle for Multienterprise Solutions, 2026 report, visit https://arkestro.com/spotlight/gartner/. Learn more about Arkestro at www.arkestro.com and connect with Arkestro at the Gartner Procurement Conference 2026 in San Diego, California, September 15-16, 2026. Gartner Disclaimer: Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner's business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. GARTNER and HYPE CYCLE are trademarks of Gartner, Inc. and/or its affiliates. About Arkestro Arkestro is the leading predictive procurement platform, accelerating enterprise spend transformation and supply chain agility. By combining AI and game theory with Arkestro's patented three science technologies - Negotiation Science, Supplier Science, and Process Science - Arkestro shifts traditional procurement to become a proactive, results-driven function. Trusted by Fortune 500 companies across industries, Arkestro unlocks trapped savings, optimizes negotiations, and enhances supplier collaboration. Arkestro is hosting its annual Optimal conference in Houston, TX, on October 13-15, 2026. Explore what it means to Unlock the Predictive Advantage and register here. Media Contact Cailey Henderson LaunchSquad SOURCE Arkestro

PR Newswire
Aug 17th, 2026
Tahmeeda Bushra Khorasani, Arkestro Director of Supply Chain Innovation and Supplier Ecosystem, named winner of 2026 Women in Supply Chain Award.

Tahmeeda Bushra Khorasani, Arkestro Director of Supply Chain Innovation and Supplier Ecosystem, named winner of 2026 Women in Supply Chain Award. Aug 17, 2026, 12:00 ET Khorasani is recognized in the Trailblazer category for driving the adoption of AI-powered predictive procurement, empowering the next generation of women in supply chain and helping shape the future of the industry. SAN FRANCISCO, Aug. 17, 2026 /PRNewswire/ - Arkestro, the leading predictive procurement platform accelerating enterprise scale, today announced its Director of Supply Chain Innovation and Supplier Ecosystem, Tahmeeda Bushra Khorasani, has been named a recipient of the 2026 Women in Supply Chain Award. Khorasani is recognized in the Trailblazer category for her work driving innovation in procurement and supply chain, while mentoring the next generation of leaders and advancing women across the profession. Spanning nearly two decades across two continents, Khorasani's career has taken her from leading complex procurement and supply chain operations at Chevron to helping global organizations adopt AI-powered predictive procurement at Arkestro. Before joining the company, she held a series of leadership roles across Bangladesh and the United States, overseeing procurement, contracts, logistics, materials management and category management initiatives supporting critical energy infrastructure and global operations. Today, she draws on that experience to help customers elevate procurement from an operational necessity to a strategic driver of enterprise growth. "What excites me about AI and predictive procurement is their ability to scale expertise, accelerate decision making, strengthen supplier partnerships and elevate procurement to the role it has always deserved," said Khorasani. "At the same time, lasting transformation still depends on people who are willing to learn, lead and bring others along with them. I am honored by this recognition and proud to be part of a team at Arkestro that is redefining what is possible in procurement. I hope this encourages more women to stay curious, embrace challenges outside their comfort zones and help shape the future of our profession." Since joining Arkestro, Khorasani has become a trusted advisor to top enterprises across industries navigating procurement transformation. Having previously used the Arkestro platform in her role at Chevron, she leverages her firsthand practitioner experience to help organizations understand, adopt and optimize predictive procurement. She also plays a key role in strengthening Arkestro's innovation strategy, bringing customer insights from the field to help shape the company's predictive procurement platform. "Arkestro's mission is to redefine what procurement can achieve, and Bushra has played a significant role in advancing that vision," said Greg Cruz, Chief Customer Officer of Arkestro. "Through her leadership, she has strengthened how we partner with our customers and helped turn innovative ideas into measurable business results. Bushra's ability to build trust, drive meaningful change and elevate those around her has made a lasting impact on our customers, our teams and the broader supply chain industry. The Trailblazer recognition is a well-deserved reflection of her leadership and influence." Beyond shaping the future of procurement, Khorasani has long been committed to expanding leadership opportunities for women in supply chain. At Chevron, she led the company's women's network in Bangladesh before expanding into a global leadership role supporting women's networks across operations in Kazakhstan, France, Egypt, Angola and Israel. Through those efforts, she helped strengthen local chapters, expand leadership development opportunities and foster greater engagement among women across the organization. "This award isn't just a way to honor women leaders in supply chain. It's a representation of progress, a symbol of growth, and a way to celebrate achievements of all women in the industry paving the way for the next generation," says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive and co-founder of the Women in Supply Chain Forum(TM). Khorasani's recognition comes during a period of strong momentum for Arkestro - marked by the recent expansion of its executive leadership team - as the company continues to scale its platform to meet growing customer demand. In October, the company will welcome industry leaders, customers and suppliers to Optimal '26, its flagship event dedicated to unlocking the predictive advantage - which features a Supplier Summit focused on strengthening supplier collaboration and engagement. To learn more about Arkestro and register for Optimal '26, visit www.arkestro.com. To see the full list of Women in Supply Chain Award winners, visit https://foodl.me/2zm74ar1. About Arkestro Arkestro is the leading predictive procurement platform, accelerating enterprise spend transformation and supply chain agility. By combining AI and game theory with Arkestro's patented three science technologies - Negotiation Science, Supplier Science, and Process Science - Arkestro shifts traditional procurement to become a proactive, results-driven function. Trusted by Fortune 500 companies across industries, Arkestro unlocks trapped savings, optimizes negotiations, and enhances supplier collaboration. Learn more about Arkestro at www.arkestro.com and register for Optimal '26 Houston, the premier AI event for procurement professionals, taking place October 13-15, 2026. About Food Logistics and Supply & Demand Chain Executive Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics sector (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com and www.SDCExec.com SOURCE Arkestro

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