AI Startup Pactum secured $3M in Seed Funding

Pactum, a California based AI-powered negotiation platform that enables global companies to automate commercial negotiations at scale, has now secured $3 million in seed funding.

Founded in 2019, Pactum offers an AI-based platform that enables global companies to automate commercial negotiations on a large scale and uncover hidden value in supplier contracts.

Executive Opinion

Martin Rand, Pactum CEO, said, "We’re happy to announce this round of funding, which will bring our technology to more enterprises that need it. Project A is at the forefront of the most innovative breakthroughs in tech and AI, and DocuSign is an iconic brand in the world of agreements, so we feel they provide the perfect balance for us."

Uwe Horstmann, General Partner of Project A, said, "We are convinced that AI-based systems will shape the future of commercial negotiations. Pactum is well on its way to play an essential role in this future. Therefore we are happy to support this great company."

Pactum latest funding

The company has its operations based out of Estonia. In September 2019, the company raised $1.15 Million in pre-seed funding to scale its operation.

The round was backed by Project A, with participation from DocuSign and some other existing investors.
PC: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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