Pactum AI

Pactum is the business negotiation technology pioneer that enables enterprises to unlock value in deals they typically can’t negotiate on their own.

Pactum helps global companies to digitally conduct personalized commercial negotiations on a massive scale. 

Pactum was founded in Estonia in 2019 by Martin Rand, Kristjan Korjus and Kaspar Korjus. The company is headquartered in Mountain View, California, with an office in Tallinn, Estonia.

 

Pactum’s solution – which uses advanced mathematical models, cognitive science, and best-in-class negotiation techniques – leverages intelligent bots to digitally engage third parties and negotiate mutually-benefiting contracts, leading to better pricing, payment terms, and supply continuity.

 

Pactum can complete complex negotiations in just a few clicks and find an agreement for both parties in as little as 15 minutes. Pactum’s analysts interview and map the ‘value function’ of your enterprise, and the system reaches out to vendors, renegotiates the contracts and updates all new information in corporate systems.

 

Pactum works with $5B+ revenue companies across industrial manufacturing, financial services, retail, consumer packaged goods, distribution, automotive, and other sectors. Its customers include many top Fortune 500 organizations such as Walmart, Maersk, and WESCO.

 

Pactum is backed by Atomico, Project A, 3VC, Maersk Growth, Metaplanet, DocuSign, NordicNinja VC, Taavet+Sten, Checkout.com CTO Ott Kaukve, and others. The company raised $20M in an additional Series A round on Dec 08, 2022. This brings Pactum's total funding to $35.2M to date.

 

 

  • Year founded: 2019
  • Funding Info: $35.2M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Mountain View
  • State: California
  • Country: United States
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