Arkestro has secured a strategic investment of $36 million from Altira Group and Aramco Ventures to accelerate its global growth and further develop its Predictive Procurement Platform. This innovative platform leverages AI, behavioral science, and game theory to speed up procurement cycles, enhance supplier collaboration, and deliver an average of 18.8% cost savings on every $1 million spent.
Arkestro’s platform integrates its patented three sciences: Negotiation Science, Supplier Science, and Process Science, empowering procurement teams to proactively shape procurement outcomes rather than merely react to supplier bids. This shifts procurement from a cost center to a strategic revenue-driving function that reduces risk and enhances supply chain resilience.
J.P. Bauman, Partner at Altira Group and Arkestro board member, stated:
“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. We are proud to support its leadership and scaling across energy and industrial markets.”
Bruce Niven, Executive MD and Head of Strategic Venturing at Aramco Ventures, said:
“Aramco invests in disruptive technologies that redefine industries, and Arkestro’s Predictive Procurement Platform is doing just that — transforming procurement into a proactive, strategic function with measurable financial impact.”
Rob DeSantis, CEO and Co-Founder of Arkestro, added:
“This strategic investment reflects growing demand for predictive procurement technology that leverages AI and behavioral science to transform supply chain processes. With the support of Altira Group and Aramco Ventures, we will expand our capabilities and bring predictive procurement transformation to more enterprises, driving profitability and resilience.”
In the past year, Arkestro has rapidly expanded its customer base, including Fortune 500 manufacturers, energy companies, and global supply chain organizations, using its platform to accelerate decision-making, strengthen supplier partnerships, and maximize cost savings.
About Arkestro:
Arkestro accelerates enterprise spend transformation by unlocking trapped savings and reducing risk. By combining AI and game theory with patented Negotiation Science, Supplier Science, and Process Science, procurement teams improve win rates and supply chain agility. Trusted by Fortune 500 companies, Arkestro shifts traditional procurement to a proactive, results-driven function.
