Arkestro Brings Game Theory And Machine Learning To Procurement With $26M Investment
Jun 14, 2022•over 3 years ago
Amount Raised
$26 Million
San FranciscoInformation TechnologyDescription
Procurement involves buying supplies and services you need to run your business. For the most part, companies still use email and spreadsheets or legacy tools to find the best price and come to an agreement with the supplier. That’s fine as far as it goes, but in a world of growing supply chain problems and just-in-time production, it seems there should be a way to put more sophisticated technology to work on the problem.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech