Pactum Secures $54 Million in Series C Funding to Scale Agentic AI in Procurement
MOUNTAIN VIEW, CA / ACCESS Newswire / June 9, 2025 / Pactum, a leading Agentic AI platform for enterprise procurement, today announces its Series C fundraise of $54 million. This round, led by global software investor Insight Partners, brings the company's total funding to date to more than $100 million and will help bolster enterprise procurement with Agentic AI solutions that work alongside humans to negotiate and close supplier deals at scale.
This investment follows Pactum's most successful year to date, marked by impressive achievements across multiple areas. Its platform saw a 489% increase in spend handled by its AI agents, a 2.5x boost in annual recurring revenue, and the addition of over 25 new Global 2000 customers, including Honeywell, Novartis, and Tetra Pak.
Pactum has empowered over 50 large enterprises including Walmart, Veritiv, Suez, Linde Group, Global Industrial, Mediclinic, Vallen, and Otto with AI agents to deliver savings autonomously with their suppliers. The largest of these deals was valued at $140.5 million, while the fastest deal was entirely negotiated and signed by Pactum's AI agents in just 87 seconds. Pactum is redefining what is possible in enterprise procurement.
"This funding represents a significant milestone in our journey," commented Kaspar Korjus, CEO at Pactum. "It enables us to accelerate the transformation of procurement by empowering professionals to work alongside AI Agents, freeing up teams to focus on more strategic and meaningful work. With this investment, we can scale our market reach and grow our portfolio of AI agents with new innovations that benefit organizations looking to transform procurement operations into a competitive advantage."
Josh Zelman, Managing Director at Insight Partners concluded, "Pactum has demonstrated substantial growth, with its differentiated position in the market and impressive capabilities to automate end-to-end procurement processes through AI agents. The company is committed to driving greater value for its customers and helping them execute autonomous savings at scale. We look forward to partnering with the team on Pactum's ongoing growth and solution evolution." As part of the investment, Zelman will join Pactum's board of directors.
-ENDS-
About Pactum
Since 2019, Pactum has been leading the agentic AI transformation in procurement, empowering Chief Procurement Officers to add AI agents working alongside humans. Agents work around the clock with autonomy and authority to find negotiation opportunities and close supplier deals at scale. Pactum agents are trusted by over 50 of the world's largest enterprises, delivering measurable value and enabling agility for procurement operations.
To find out more, please visit the website: https://pactum.com/
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.
Media Contact
The Jargon Group - pactum@thejargongroup.com
SOURCE: Pactum
View the original press release on ACCESS Newswire
Pactum
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
AWM Wraps Up 2025 with Multiple Surf Venue Grand Openings16.12.2025 17:05:00 EET | Press release
Ending the Year on a High Note SOLANA BEACH, CA / ACCESS Newswire / December 16, 2025 / American Wave Machines, the surf technology company behind PerfectSwell® Surf Venues worldwide, concludes banner year with two grand openings and expansion into new markets. São Paulo Surf Club Key Year End Highlights: Riyue Bay: November 11 China Tourism Group celebrated the grand opening of PerfectSwell® Riyue Bay Surf Resort Zion: November 20 The Foundation Ceremony of PerfectSwell® Zion took place in Utah. São Paulo: November 29 JHSF celebrated the grand opening of São Paulo Surf Club "This year's results reflect a herculean effort from the team on improving efficiency, product delivery and commissioning. Finishing with two grand openings in one month is perhaps our most notable achievement. With PerfectSwell® Zion well underway and a third pool starting up in Brazil, 2026 will be just as memorable." - CEO Bruce McFarland "The wave quality achievements made this year have exceeded the expectatio
Eastman, AstraZeneca, Kraft Heinz, and P&G Recognized with OMP Supply Chain Awards16.12.2025 16:00:00 EET | Press release
MIAMI, FLORIDA / ACCESS Newswire / December 16, 2025 / AstraZeneca, Eastman, Kraft Heinz, and P&G have been recognized for their outstanding contribution at the recent OMP Conference. The four industry leaders were honored at the Miami event for their commitment to innovation and excellence, while driving real-world results across their global operations. The OMP Awards program turns the spotlight on organizations within the OMP Community that set new benchmarks in supply chain planning and inspire cross-industry progress and transformation. Eastman: Co-shaping Unison Planning™ in a long-term partnership A strategic OMP customer for nearly two decades, Eastman received the Long‑Term Partnership Award for co‑shaping the chemical industry solution of Unison Planning™. Eastman's vision and intense collaboration have helped redefine best practices in chemical supply chain planning and have been a positive influence on broader industry standards. Accepting the award, Baptiste Lebreton, Digi
The U.S. Polo Assn. Palm Beaches Marathon Celebrates Record-Breaking Weekend in West Palm Beach, Florida16.12.2025 14:00:00 EET | Press release
Thousands of Runners From Around the World Participate in South Florida Race Weekend, With Ivan Gabriel Mafla Bolanos of Ecuador Finishing First Overall WEST PALM BEACH, FLA. / ACCESS Newswire / December 16, 2025 / U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), proudly celebrated an unforgettable race weekend as first-time Title Sponsor of the 2025 U.S. Polo Assn. Palm Beaches Marathon. The race weekend brought extraordinary energy to Downtown West Palm Beach, powered by more than 6,100 participants, representing 29 countries and 46 states. The race, a Boston Marathon qualifier, was supported by more than 200 dedicated volunteers, including employees from USPA Global, the company that manages the global, multi-billion-dollar U.S. Polo Assn. brand. The U.S. Polo Assn. Palm Beaches Marathon was broadcast live for five hours by the Official Broadcast Station, WPBF 25 (ABC, West Palm Beach). The U.S. Polo Assn. Palm Beaches Marathon was won by Ivan
New APAC Partnership with Matter Brings Market Logic Software's Always-On Insights Solutions to Local Brand and Experience Leaders16.12.2025 08:30:00 EET | Press release
BERLIN, DE / ACCESS Newswire / December 16, 2025 / Market Logic Software, the market-leading SaaS provider of insight management solutions, has announced a partnership with Matter, a New Zealand-based intelligence company for brand builders and experience creators. This collaboration marks an exciting step in Market Logic's expansion across APAC, particularly in New Zealand and Australia, where Matter is working closely with local brands that want to deepen their customer and market understanding. Together, Market Logic and Matter will empower APAC businesses to uncover unique insights faster and take swifter action. By combining the power of Market Logic's AI-powered insights platform, DeepSights, with the data, research and measurement expertise of Matter, the two companies will help ambitious local brands drive international growth through intelligence. "New Zealand and Australia are home to exceptional brands who are no strangers to innovation and creativity," said Oliver Allen. "B
AI and Cybersecurity Leader, SecureAuth, Appoints Geoffrey Mattson to Help Enterprises Secure Complex Human, Machine, and AI-agent Identities10.12.2025 18:30:00 EET | Press release
IRVINE, CALIFORNIA / ACCESS Newswire / December 10, 2025 / SecureAuth, a leader in AI-driven identity security, today announced the appointment of Geoffrey Mattson as Chief Executive Officer. Mattson's appointment marks the beginning of the company's next phase of growth as enterprises confront a rapid rise in AI agents with real authority, a shift that is increasing the complexity of business relationships and driving urgent demand for modern identity security. The Board of Directors thanks outgoing CEO Joseph Dhanapal, who will remain as a strategic advisor. During his tenure, SecureAuth invested heavily in creating a next generation security platform, featuring our market leading, AI-driven risk engine. With this platform in place, SecureAuth is positioned to capture accelerating demand for identity and access management as agentic AI transforms identity from a static access check into a dynamic control plane for managing complex human, machine, and AI-driven relationships. Mattson
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom