# Arkestro

> Arkestro is a San Francisco-based predictive procurement platform that uses machine learning, game theory and behavioral science to help enterprise buyers run faster, smarter sourcing events. Born as BidOps in 2016, it now serves Fortune 500 manufacturers, energy and logistics firms and claims roughly 18.8% savings per dollar of spend.

- **Founded:** 2016
- **Headquarters:** San Francisco, United States
- **Founders:** Edmund Zagorin (Founder & Chief Strategy Officer), Ben Leiken (Co-founder & CTO), Rob DeSantis (Co-founder, ex-Ariba)
- **Team size:** 110
- **Products:** Predictive Procurement Platform, Supplier Orchestration, Award Optimization
- **Notable:** Raised $104M+ in total funding across Seed, Series A and Series B., Customers report 18.8% savings per $1M of spend., Recognized by Gartner, Spend Matters and Ardent Partners.

## Products & services

- **Predictive Procurement Platform** — AI-powered sourcing platform that pre-populates supplier quotes, scores responses, detects errors and recommends awards using machine learning and game theory.
- **Supplier Orchestration** — No-login workflows that let suppliers respond from email, with smart defaults and auto-filled fields based on historical data.
- **Award Optimization** — Dynamic award modeling that simulates outcomes across thousands of supplier/lot combinations.

## Achievements

- Raised $104M+ in total funding across Seed, Series A and Series B.
- Customers report 18.8% savings per $1M of spend.
- Recognized by Gartner, Spend Matters and Ardent Partners.
- Brought Ariba co-founder Rob DeSantis aboard as co-founder.

## Latest updates

- **2025-05** — Closed $36M Series B led by Altira Group and Aramco Ventures.
- **2024-03** — Featured in CPOstrategy on 'amplifying procurement's influence'.
- **2022-06** — Raised $26M Series A; rebranded from BidOps to Arkestro.

## Links

- Website: https://arkestro.com
- LinkedIn: https://www.linkedin.com/company/arkestro
- Twitter/X: https://twitter.com/bidopsinc
- YouTube: https://www.youtube.com/@arkestro
- Facebook: https://facebook.com/arkestro

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Profile page: https://yespress.io/arkestro
Published by YesPress — https://yespress.io
Last updated: 2026-05-30