# Arkestro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arkestro

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.arkestro.com
- Total disclosed funding: $42M
- Latest round: Series A (Feb 28, 2023)
- Investors on record: 10

## About

Based in California, US, Arkestro Inc., formerly known as Bid Ops, operates as a provider of a predictive procurement platform that helps organizations improve their supply chain performance and boost savings. The company was founded by Rob DeSantis, and Edmund Zagorin, and in May 2025, Arkestro, Inc. raised USD 36 million in venture funding co-led by Altira Group and Aramco Ventures, with participation from New Enterprise Associates, Koch Disruptive Technologies, and Activant Capital. As of 2023, the company is led by its CEO, Neil Lustig. Arkestor offers a Predictive Procurement Orchestration platform that helps with predictive sourcing, predictive purchasing, and predictive monitoring. Arkestor also helps with on-demand data analysis, question-answering tasks, and procurement data cleansing services. In addition, the company provides external validation and improved data quality for every single purchase order, and unifies data for real-time visibility across suppliers, spend, and contract terms, including diversity, environmental, social, and governance (ESG) analysis. Arkestro's platform is used by companies such as Bel Brands, Box, and Holman Enterprises. The company will use the May 2025 funding to accelerate development of its artificial intelligence-powered procurement technology.

## Funding rounds

- Series A, Feb 28, 2023, $5.3M — Koch Disruptive Technologies
- Series A, May 27, 2022, $35M — New Enterprise Associates, Correlation Ventures, Illuminate Ventures, Cervin Ventures, Henry Crown and Company, Forum Ventures, Koch Disruptive Technologies, Construct Capital, El Cap Holdings, Tenacity Venture Capital
- Seed, Mar 7, 2019, $1.8M — Correlation Ventures, Illuminate Ventures, Cervin Ventures

## Investors

- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed, Series A
- Illuminate Ventures (https://capitalatlas.ai/funds/illuminate-ventures) — Seed, Series A
- Cervin Ventures (https://capitalatlas.ai/funds/cervin-ventures) — Seed, Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Henry Crown and Company — Series A
- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Series A
- Koch Disruptive Technologies (https://capitalatlas.ai/funds/koch-disruptive-technologies) — Series A
- Construct Capital (https://capitalatlas.ai/funds/construct-capital) — Series A
- El Cap Holdings (https://capitalatlas.ai/funds/el-cap-holdings) — Series A
- Tenacity Venture Capital (https://capitalatlas.ai/funds/tenacity-venture-capital) — Series A