Pactum AI, a leader in autonomous negotiation technology, has raised $20 million in a Series B funding round led by Karma Ventures, with participation from existing investors. This investment will enable Pactum to scale its platform and expand its global market reach.

Pactum AI automates and optimizes negotiation processes for enterprises using advanced machine learning algorithms. Its platform conducts negotiations autonomously, ensuring efficient and favorable outcomes for clients.

The new funding will enhance Pactum’s product offerings, invest in research and development, and strengthen its global presence. The company aims to refine its AI capabilities to deliver more sophisticated negotiation solutions across various industries.

“We are thrilled to have the backing of our investors as we continue to innovate and transform the negotiation landscape,” said Martin Rand, CEO of Pactum AI. “This investment will allow us to accelerate our growth and bring our cutting-edge solutions to more businesses around the world.”

Pactum’s autonomous negotiation platform promises significant cost savings and operational efficiencies for companies managing procurement and vendor negotiations. This substantial investment positions Pactum AI to drive forward its mission of revolutionizing business negotiations with advanced AI technology.

Featured image: Credit: Pactum AI