Arkestro Secures $36M in Strategic Investment
Deal News | Jun 03, 2025 | Altira Group LLC
Arkestro, a pioneering automated AI procurement platform, has secured a $36 million strategic investment. This round of funding was led by Altira Group LLC, a well-established private equity firm. Arkestro leverages patented game theory and data science techniques, resulting in significant purchasing savings and process efficiencies for its clientele across various industries. This financial boost aims to propel the company's efforts in enhancing their predictive procurement capabilities. Arkestro's innovative platform addresses the growing demand for advanced procurement solutions that can cater to a broad spectrum of industry requirements, positioning itself as a leader in this burgeoning segment.
Sectors
- Procurement Technology
- Artificial Intelligence
Geography
- United States – Both Arkestro and Altira Group LLC are based in the United States, which is a leading hub for technology and private equity investments.
Industry
- Procurement Technology – The industry involves the development and deployment of technology solutions that optimize procurement processes, including AI technologies and data science to improve efficiency and savings.
- Artificial Intelligence – The application of AI techniques, such as machine learning and data analysis, to automate and enhance decision-making processes in various sectors, including procurement.
Financials
- $36 million – The amount invested by Altira Group LLC in Arkestro to further develop its AI-powered procurement platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arkestro | Target company | Company | An automated AI procurement platform using game theory and data science to provide purchasing savings and efficiency. |
| Altira Group LLC | Investor | Company | A private equity firm that invests in companies with innovative technologies. |