Aramco Ventures Leads $36M Investment Round to Boost AI Startup Arkestro

Editorial Team

Last updated 21-05-2025

2 min

Aramco Ventures leads a 36 million Saudi Riyal funding round for startup Arkestro.

Arkestro's AI platform optimises procurement using behavioural science and game theory.

The funding supports Arkestro's expansion in energy and heavy industry sectors.

This investment aligns with the trend of AI integration in traditional industries.

Arkestro's success could revolutionise global industry procurement processes.

Aramco Ventures, through its investment fund, has joined forces to lead a 36 million Saudi Riyal funding round for Arkestro, an American technology startup. Also stepping up to help lead this investment were Altira Group, alongside participation from major investors including New Enterprise Associates (NEA), KdT Ventures, and Activant Capital. Quite an impressive lineup indeed.

Arkestro isn’t your average tech business; they're developing a smart platform packed with artificial intelligence, designed specifically to streamline and optimise procurement operations for companies. Essentially, this technology uses behavioural science and game theory—think high-tech mind games—to speed up purchasing processes and strengthen negotiation strategies with suppliers. The objective here is straightforward: less risk, greater efficiency, and smoother company workflows.

The new capital from Aramco Ventures will provide Arkestro with a crucial push for global growth, particularly aimed at expanding their presence in key sectors such as energy and heavy industry. Given Aramco's stature in those particular sectors, it's no surprise that Arkestro will benefit substantially by tapping into broader international opportunities.

I remember speaking about similar investment moves a few weeks ago at the café down the road—we were discussing how AI and automation are truly reshaping traditional industries. Seems Aramco Ventures is clearly riding this cutting-edge wave and investing accordingly, aligning neatly with the global trend of integrating AI to solve real-world business issues.

By all accounts, it's quite exciting news for anybody keeping an eye on how technology and large corporations team up to spur innovation. Oh, and for all the newcomers stopping by from Arageek, it's always intriguing to see global and regional players coming together, isn't it?

We’ll be keeping an eager eye on Arkestro. If this latest deal pans out as effectively as it promises, it could truly shake things up in global industry procurement.

Incidentally, apologies in advance for any inadvertant typos—can't always blame it on the caffeine, can I?

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