Altira Group and Aramco Ventures led a $36m funding round in Arkestro.

Investment firms Altira Group and Aramco Ventures led a $36m funding round in Arkestro, the premier Predictive Procurement Platform accelerating enterprise spend transformation, with participation from NEA, KDT, and Activant. "This strategic investment from Altira Group and Aramco Ventures is a testament to the growing demand for predictive procurement technology that leverages AI and behavioral science to transform supply chain processes.Procurement teams today are navigating increasingly complex, global challenges, yet legacy processes continue to slow decision-making and leave cost savings untapped. With Altira Group and Aramco Ventures' support, we will expand our capabilities and bring predictive procurement transformation to even more enterprises looking to drive profitability and resilience in their supply chains. Arkestro enables procurement teams to serve as a revenue-driving function of the business rather than a cost center, and we're excited to extend our impact even further with this investment," Rob DeSantis, Arkestro CEO and Co-Founder.