What does Pactum do?
Pactum offers an AI-driven platform that deploys autonomous agents to streamline procurement processes for large enterprises, empowering Chief Procurement Officers with tools to autonomously negotiate and secure supplier deals.
How much did they raise?
The company raised $54M in Series C funding, with the round led by Insight Partners. This infusion brings the total funding to over $100M, further establishing its strong market presence.
What are their plans for the money?
The new capital will be used to expand operations and enhance development efforts, potentially leading to more innovative procurement solutions and improved efficiencies for enterprise clients.
What have they achieved so far?
Pactum has already achieved significant milestones by enabling over 50 large enterprises, including Walmart and Linde Group, to achieve measurable procurement savings and adding 25 new Global 2000 customers such as Honeywell and Novartis.