Arkestro

Arkestro is a Predictive Procurement Orchestration Platform that aims to amplify the impact of procurement's influence, as highlighted in their slogan "Amplify the impact of procurement’s influence." Founded in 2017 and based in the United States, Arkestro differentiates itself by pre-embedding preferred outcomes in any system or process. The company's approach involves leveraging behavioral science, game theory, and predictive machine learning models to enable organizations to manage 100% of their spend in a more programmatic manner. This sets them apart in the Analytics industry, offering a unique solution for procurement enhancement. In an impressive funding round, Arkestro secured a $26.00M Series A investment on 14 June 2022. The investment was led by a consortium of notable backers, including Forum Ventures, New Enterprise Associates, Illuminate Ventures, Construct Capital, Correlation Ventures, Cervin Ventures, El Cap Holdings, Koch Disruptive Ventures, Tenacity Venture Capital, and Four More Capital. With its innovative approach and strong backing, Arkestro is positioned to make a significant impact in the procurement technology space. For further details, interested individuals can visit their website at https://www.arkestro.com.