Arkestro

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Freedom report

One barScore 5.4

Free tierNo free tier on record
Open codeNo open-source code on record
Runs widely1 of 6 device platforms
DocumentedPlans, terms and facts published

Arkestro is ranked #1 of 24 in sourcing software on Freedom251. It runs on Web.

Compared on sourcing software

Supplier discovery: Yes
Sourcing events: Yes
Reverse auctions: Yes
Bid comparison: Yes
Negotiation workflows: Yes
Supported event types: multi_event

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The record

Product: Arkestro describes its product as a Predictive Procurement Platform for enterprise procurement.
How it works: The platform combines behavioral science, game theory, data science, and automation to support procurement and supplier negotiations.
Suggested pricing: Arkestro uses machine learning to analyze purchasing data and recommend suggested prices for sourcing events.
Supplier negotiations: The platform supports competitive bidding, dynamic feedback, and the final awarding process.
Target customers: Arkestro presents use cases for enterprise procurement teams across manufacturing, oil and gas, construction, financial services, and food and beverage.
Pricing availability: The maker's site directs prospective customers to contact Arkestro or request a demo; it does not state a software price on those pages.
Security hosting: Arkestro says it uses cloud-native hosting services provided by AWS.
Encryption: Arkestro says data is encrypted at rest with AES and in transit using HTTPS and TLS 1.2.
Certifications: Arkestro states that its information security management system is ISO 27001:2022 certified and that it passes SOC 2 Type II audits without exceptions.
Security assessments: Arkestro says it conducts annual penetration tests and regular vulnerability scanning.
Security documentation: Arkestro says its full Information Security Management System documentation is available upon request.
Support and contact: Arkestro offers a contact form and a chat link for inquiries.
Company history: Arkestro says it was founded in 2017, initially under the name Bid Ops.
What it does: The platform uses AI to help procurement teams set prices before suppliers respond, improve savings, speed negotiation cycles, and influence more spend.

Where it ranks on Freedom251

Best Sourcing Software in 2026#1 of 24

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Sources

arkestro.com· checked 4 Oct 2026
arkestro.com/webinars/introduction-to-arkestros-pred· checked 4 Oct 2026
arkestro.com/blog/automated-line-item-suggested-pric· checked 4 Oct 2026
arkestro.com/contact-us/· checked 4 Oct 2026
arkestro.com/security/· checked 4 Oct 2026
arkestro.com/blog/a-look-inside-arkestros-productivi· checked 4 Oct 2026
arkestro.com/predictive-insights/· checked 4 Oct 2026
arkestro.com/integrations/· checked 4 Oct 2026
arkestro.com/wp-content/uploads/Arkestro-Integration· checked 4 Oct 2026