Arkestro closes $36M Series B - May 2025 Edmund Zagorin joins SIG Advisory Board Arkestro delivers 18.8% avg cost savings per $1M spend Total funding: $104M - Backed by Altira Group & Aramco Ventures Author of "The Face of Our Town" - Amazon No.1 bestseller 60-90% reduction in procurement cycle time Debate champion. Procurement disruptor. Published poet. Arkestro closes $36M Series B - May 2025 Edmund Zagorin joins SIG Advisory Board Arkestro delivers 18.8% avg cost savings per $1M spend Total funding: $104M - Backed by Altira Group & Aramco Ventures Author of "The Face of Our Town" - Amazon No.1 bestseller 60-90% reduction in procurement cycle time Debate champion. Procurement disruptor. Published poet.
Founder & Chief Strategy Officer

Edmund
Zagorin

The procurement world's most unlikely disruptor built his AI platform not from an MBA playbook - but from game theory, championship debate, and the specific frustration of watching smart people build Excel pivot tables in 2017.

Arkestro San Francisco Series B Predictive Procurement
$104M Total Funding
18.8% Avg Cost Savings
90% Cycle Reduction
Edmund Zagorin, Founder of Arkestro
Edmund Zagorin - Arkestro 2024

Before the Algorithm, There Was the Argument

In the spring of 2011, a University of Michigan debate team beat Harvard at the University of Georgia Tournament. Their debate director called it one of the most significant wins in a decade. One half of that team was Edmund Zagorin - a fifth-year senior whose research style a teammate once described, affectionately, as "wide-ranging and a little less organized." The organized half was Maria Liu. Together they won 20 debates - a feat fewer than 20 teams had managed since 1946.

That background is not a quirky footnote. It is the through-line. Zagorin spent his undergraduate years at Michigan studying philosophy, international affairs, and public policy - and spending an unusual number of hours refining arguments about things that actually mattered: policy tradeoffs, second-order consequences, what happens when you press a claim all the way to its logical end. That training, it turns out, is excellent preparation for what he does now.

Arkestro - the AI-powered Predictive Procurement Orchestration platform he co-founded in San Francisco in 2017 - is, at its core, an argument about the future made executable. The argument goes: most procurement decisions happen too slowly, with too little information, and are guided by instincts that can be modeled and beaten. The AI disagrees with your pivot table before you build it. It runs the simulation before you run the RFP.

"AI-driven solutions can transform procurement into a proactive function by automating or eliminating manual steps in cycles ranging from supplier selection to benchmarking - allowing teams to act on quotes and secure optimal pricing in days rather than weeks."

Edmund Zagorin

The founding story has the texture of a good anecdote because it actually happened that way. Zagorin was working as a procurement consultant - advising healthcare providers, contract manufacturers, and multi-campus retail brands on data-driven supplier negotiations. He reconnected with his childhood friend Ben Leiken, who had built his career in engineering and product at SurveyMonkey. They were in Potrero Hill. Zagorin was describing, not for the first time, how much time sourcing teams wasted building Excel pivot tables in software that felt like it was designed to resist the very task it was sold to do.

Leiken said: what if we fixed that? On April 1, 2017, they founded BidOps - which would later become Arkestro. The name change was deliberate: Bid Ops described a feature. Arkestro described an orchestra. The AI doesn't just automate a task; it coordinates the full sourcing cycle - supplier selection, negotiation, benchmarking, outcome prediction - the way a conductor pulls together instruments that have never met.

Arkestro's approach rests on three pillars Zagorin calls the Three Sciences: Negotiation Science (game theory applied to pricing strategy), Supplier Science (AI-driven supplier selection and engagement), and Process Science (workflow automation that compresses months into days). The platform pre-populates validated supplier data, simulates a procurement cycle before it begins, and sends AI-generated quote recommendations to suppliers - all before a category manager has opened a single spreadsheet.

The results are specific enough to be persuasive: an average of 18.8% cost savings on every million dollars of spend, and a 60-90% reduction in sourcing cycle time. These aren't ballpark estimates pulled from a marketing brief. They're outputs from a system designed by someone who spent years watching real sourcing teams struggle and built the tool they actually needed.

Three Sciences. One Platform.

Zagorin's approach to procurement AI isn't one thing. It's three disciplines working in parallel - each addressing a different failure mode in how large organizations buy things.

Negotiation Science

Game theory applied to pricing. The AI models supplier behavior and pre-configures negotiation parameters before the RFP launches - so outcomes stop being surprises.

🔬

Supplier Science

Machine learning builds a recommendation engine for supplier selection. Category managers see why a supplier is predicted to be reliable - not just who they are.

⚙️

Process Science

Workflow automation that compresses procurement cycles by 60-90%. Every manual handoff, every approval step, every status email - automated or eliminated.

"Procurement technology should not just streamline processes. It should empower organisations to turn procurement into a strategic driver of profitability and growth."

Edmund Zagorin, Arkestro

The Debater Who Mapped Supply Chains

Debate Record

Edmund Zagorin and partner Maria Liu won 20 policy debates at the University of Michigan - placing them among fewer than 20 partnerships to achieve this since 1946.

In 2011, they defeated Harvard University's debate team at the University of Georgia Tournament - an achievement a debate director called "one of the most significant wins in a decade."

The philosophy degree and the debate career trained the same muscle: the ability to take a complex system, identify its pressure points, and argue from first principles about what should change. That muscle is exactly what procurement consulting demanded - and what startup-building requires at every inflection point.

After Michigan, Zagorin coached debate at the University of Michigan, Stratford Academy, and the University of Iowa's A. Craig Baird Debate Forum. He also volunteered as a workshop leader at 826 Valencia - San Francisco's literary nonprofit - running tongue-twister workshops for 10-year-olds, because why not.

2006-2011
University of Michigan - Philosophy, International Affairs & Public Policy. Championship policy debate career.
2011
Debate team defeats Harvard at the University of Georgia Tournament.
2011-2013
Debate coach at University of Michigan, Stratford Academy, and University of Iowa.
2013-2017
Procurement consultant to Fortune 500 companies - healthcare, manufacturing, retail. Presents AI briefings to leadership at 3M, BASF, GM, Volkswagen, PwC, Kearney, EY, Accenture.
2017
Co-founds BidOps (later Arkestro) with childhood friend Ben Leiken in Potrero Hill, San Francisco.
2022
Raises $26M Series A led by New Enterprise Associates. Rebrands to Arkestro.
2023
Transitions to Chief Strategy Officer; Neil Lustig becomes CEO to scale commercial operations.
2024
Appointed to Sourcing Industry Group (SIG) Advisory Board.
2025
Arkestro closes $36M Series B led by Altira Group and Aramco Ventures. Total funding: $104M.

$104M Bet on Predictive Procurement

Arkestro has raised across multiple rounds since its 2017 founding. The May 2025 Series B - led by energy-sector investors Altira Group and Aramco Ventures - signals something important: the platform's value proposition is not just for tech companies. Energy, industrial, and commodity-heavy sectors are exactly where procurement cycles are long, stakes are high, and legacy processes are most expensive.

New Enterprise Associates participated in the Series B, continuing their investment from the Series A. KDT and Activant Capital also joined the round.

$26M
Series A
2022
$36M
Series B
2025
$104M
Total
Raised

Backers

Series B Lead

Altira Group + Aramco Ventures

Energy and industrial investors backing AI-powered procurement - a direct play on sector-specific sourcing complexity.

Series A Lead

New Enterprise Associates (NEA)

One of the largest and most active venture firms in the world. Continued participation in Series B.

Also Participating

KDT, Activant Capital. Valuation at approximately $189M as of 2026.

How Predictive Procurement Works

Here is what Arkestro does differently: it doesn't wait for you to start a procurement cycle. It simulates one first.

The platform uses machine learning models trained on historical procurement data to predict supplier behavior, optimal pricing bands, and likely negotiation outcomes before any RFP is issued. Pre-populated supplier intelligence - validated commercial terms, pricing history, delivery performance - means category managers start from a position of knowledge, not a blank screen.

Then the AI sends recommendations to suppliers: what to quote, at what price, with what terms. It's not replacing the procurement team. It's giving them an argument to walk in with.

Cost Savings
18.8%
Cycle Time Reduction
60-90%
Supplier Engagement
High
ERP Sync Speed
Real-time

Industries served include automotive, healthcare, manufacturing, CPG, pharma, retail, energy, and construction.

"There's so much volatility and complexity that it can be really challenging to deliver business impact fast using any digital solution that requires widespread user adoption as a dependency."

Edmund Zagorin on the challenge of enterprise procurement tech

The key insight baked into that quote: Arkestro is designed to deliver value before the entire organization changes its behavior. It doesn't require universal adoption. It works at the category level, the team level, the single sourcing event. That's a very different bet than most enterprise SaaS makes.

Zagorin has presented executive briefings on AI in procurement to Fortune 500 leadership at 3M, BASF, General Motors, Volkswagen, PwC, Kearney, EY, and Accenture. That's a sell that requires precision - not enthusiasm. Procurement leaders at those organizations have heard every AI pitch. Zagorin makes arguments.

"Procurement leaders need Plan B, C, and D."

On supply chain resilience post-pandemic: Zagorin argues that AI-powered platforms need to map domestic alternatives and diversify supplier geography - before the disruption, not after.

On Tariffs, Resilience, and Planning for Volatility

When global tariff uncertainty spiked in 2025, Zagorin's position was direct: the procurement function that had been treating supply chain as a cost optimization problem was now discovering it had a resilience problem. FreightWaves ran the headline: "Tariffs Are the Wake-Up Call Supply Chains Needed."

His argument is structural, not reactive. Procurement teams at large enterprises have been optimizing for cost efficiency at the expense of supplier diversity. Single-region sourcing that works perfectly in stable conditions creates fragility at exactly the moment supply chains face volatility - which, post-2020, is constant.

Arkestro's platform is positioned to help on both dimensions. The supplier recommendation engine can surface domestic or nearshore alternatives that cost slightly more but carry significantly less geopolitical risk. The predictive modeling can run scenarios: what does this sourcing decision look like if the tariff rises another 10%? If this supplier faces a port disruption?

It's a procurement platform built by someone who studied international affairs. That combination - understanding global systems and building tools that respond to them - is not accidental.

Quoted in FreightWaves

Supply Chain Resilience

"Procurement leaders need to be thinking about resiliency: what's Plan B, C and D? Where do domestic sources exist? How can they diversify their supplier networks, reduce reliance on single regions and explore nearshore or domestic alternatives?"

On AI Adoption

Test-and-Learn Approach

Zagorin encourages organizations to adopt AI procurement tools incrementally - at the category or team level first - rather than committing to full organizational overhauls that stall on change management. Impact before adoption, not after.

On Transparency

Trust by Design

Category managers need to see how and why a supplier is predicted to be reliable. Black-box AI doesn't get adopted in organizations where buyers are accountable for sourcing decisions. Explainability isn't a feature - it's the product.

Elizeya Quate, Amazon Bestseller

Edmund Zagorin publishes fiction and poetry under the name Elizeya Quate. It's not a side project in the dismissive sense - it's a full creative practice that has been running in parallel with the procurement company for years.

His debut fiction collection, "The Face of Our Town" (KERNPUNKT Press, 2016), reached No.1 on Amazon in Popular Culture: Antiques and Collectibles, and No.8 in Short Story Collections. The book is described as a series of interconnected stories about interconnectedness - a theme that, if you squint at Arkestro's platform architecture, is not entirely unrelated to his day job.

He also published a poetry chapbook, "cra-que-lure" (Finishing Line Press), writes book reviews for The Los Angeles Review, and has performed interactive art and spoken word at venues including Adobe Books, Think Tank Gallery, The Convent, and The Last Bookstore.

His performance piece "Seminar on Autosophy" - which he has staged at multiple venues - sits somewhere between lecture, fiction, and interactive installation. It's the kind of thing that makes the procurement LinkedIn presence feel like it belongs to someone else.

The Face of Our Town
Fiction - 2016

The Face of Our Town

KERNPUNKT Press. Interconnected short stories. Amazon No.1 in Popular Culture: Antiques & Collectibles, No.8 in Short Story Collections (December 2016).

cra-que-lure
Poetry Chapbook

cra-que-lure

Finishing Line Press. A chapbook of poetry by Elizeya Quate.

Also: Book reviews for The Los Angeles Review. Interactive art at The Gallery Project, Start Gallery, Zajia Lab. Workshop leader for 10-year-olds at 826 Valencia, San Francisco.

In Print, On Air, and in the Room

Podcast Appearances

  • Emerj AI in Business Podcast - "Streamlining Automotive Purchasing with AI" (2022) and "Making Supply Chains Predictable with AI"
  • Negotiations Ninja Podcast - Episode #440: "Predictive Procurement with Edmund Zagorin"
  • AI Time Journal Podcast - Episode 28: "Predictive Analytics in Strategic Sourcing" (December 2022)
  • Art of Procurement - "AOP Special Startup Series - Bid Ops"
  • MetaExperts Podcast - "AI & Digitization in Procurement"
  • Not Boring (Age of Miracles) - Interview with BidOps founder Edmund Zagorin
  • ProcureTech Blog - "ProcureTechSTARS with Edmund Zagorin"

Press & Editorial Coverage

  • TechCrunch - "Arkestro brings game theory and machine learning to procurement with $26M investment" (June 2022)
  • CPOstrategy.media - "Arkestro: Amplifying procurement's influence" (March 2024)
  • FreightWaves - "Tariffs Are the Wake-Up Call Supply Chains Needed - Arkestro Says"
  • EE Times - "Avoiding 'Build Shy' With Predictive Procurement"
  • Manufacturing Digital + Supply Chain Magazine - Multiple executive interview features
  • Future of Sourcing - "Rising Star Interview: Edmund Zagorin"
SIG Advisory Board

The Sourcing Industry Group appointed Zagorin to its Advisory Board, recognizing his role in shaping the future of procurement technology. SIG is the premier professional network for CPOs and sourcing leaders globally.

Eight Things Worth Knowing

🏆

Fewer than 20 debate teams have won 20 policy debates at Michigan since 1946. Edmund Zagorin is half of one of them.

📚

Amazon No.1 bestseller in Popular Culture: Antiques & Collectibles - a category that presumably did not expect a procurement AI founder on the list.

🤝

Childhood friends: Edmund and co-founder Ben Leiken grew up together in the DC area, reconnected in San Francisco, and built a company on a Potrero Hill conversation.

🎭

Tongue-twister workshops for 10-year-olds at 826 Valencia, the SF literary nonprofit. Procurement by day. Creative literacy instruction on weekends.

🎪

Performance artist: "Seminar on Autosophy" has been staged at Think Tank Gallery, Adobe Books, The Convent, and The Last Bookstore in Los Angeles.

🌐

April 1, 2017: the founding date of BidOps (later Arkestro). Either a deliberate joke or an excellent coincidence, depending on who you ask.

🔤

The old name persists: the Twitter handle @bidopsinc still reflects the original company name. The company outgrew the brand; the handle stayed.

✍️

Writes for The Los Angeles Review under his literary name. Book reviews as a discipline - like procurement analytics - require precision about what a thing actually does.

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