The round was led by NEA, Construct, Koch Disruptive Technologies (KDT) and Four More Capital, a division of Henry Crown & Company. Existing investors Cervin, Correlation, El Cap, Forum, Illuminate, and Tenacity participated as well.
The company will use the funds to accelerate growth, enabling Arkestro to further help customers amplify the impact of predictive procurement’s influence using behavioral science, game theory and machine learning models applied at a massive scale.