Arkestro Highlighted as Value Leader In Spend Matters’ Fall SolutionMap Rankings

Value Leader

Arkestro was recognized with the designation of “Value Leader” in the Sourcing category of Spend Matters’ Fall 2022 SolutionMap rankings. The Spend Matters SolutionMap is widely known as the most rigorous assessment of procurement technology functionality in the industry. The SolutionMap rankings are based on an expert analyst evaluation of 500+ RFI requirements, as well […]

Arkestro Named One of Spend Matters’ 50 Procurement Providers to Watch for 2022

Arkestro, the leading predictive procurement orchestration platform, has caught the eye of the Spend Matters analyst team as an up-and-coming player they think their practitioner readers and members should get to know.  On October 17, Spend Matters released their 50 Procurement Providers to Watch for 2022, acknowledging Arkestro’s strong focus on innovation, tech competency, and solution […]

Arkestro Lands $26 Million in Series A Funding

Arkestro is the leading Predictive Procurement Orchestration platform, and now it’s about to undertake the next stage in its growth story. The company is pleased to announce that it has successfully landed Series A funding of $26 million.   This round of funding was led by NEA, Construct, Koch Disruptive Technologies (KDT) and Four More Capital, […]

Arkestro Named Value Leader in Spring 2022 Spend Matters SolutionMap

In June 2022, Spend Matters released the Spring SolutionMap procurement technology benchmarking rankings. This year’s cycle featured 69 leading vendors across ten different technology categories. Spend Matters’ analysts ranked Arkestro’s Predictive Procurement Orchestration platform as SolutionMap’s Value Leader in Sourcing for small, medium, and large enterprises. The Spring 2022 SolutionMap ranking is the second time […]

Bid Ops is now Arkestro

Bid Ops started as an e-sourcing company powered by AI. The AI simulated a sourcing event before it began in order to generate a target outcome. The key benefit of this autonomous “suggested price” approach to strategic sourcing is 2-5x savings impact in days, not months.  But over the past year, our customers have shown […]

Arkestro (Formerly Bid Ops) Named a 2021 Gartner® Cool Vendor

As we enter into a new year, Arkestro (formerly Bid Ops)—the pioneer in Predictive Procurement Orchestration platform— has been named as a 2021 Gartner Cool Vendor in Strategic Sourcing Technology. Here’s everything you need to know about what Gartner researchers see as the most important procurement trends of 2022, and why Gartner recognized Arkestro as […]

Ensure 100% coverage on your line items with Line Item Surveys from Arkestro

Breaking news from Arkestro: You can now survey suppliers at the line item level for every request you run on Arkestro before you collect quotes.  Use this feature to ensure that all participating suppliers have the line items you’re looking to purchase in stock, can meet your required lead times, and have reasonable minimum order […]