Procurement Negotiation Platform Pactum Raises $20M Series B

Supply Chain
Written By Rick Watson

Pactum’s autonomous bots can contact thousands of suppliers simultaneously seeking the best pricing and terms for routine corporate purchases in logistics and a wide range of other sectors.

Procurement negotiation platform Pactum raised a $20M Series B funding round, which will be invested in marketing and its technology. Autonomous negotiation sounds like the end of human negotiation - right?

Bloomberg: Pactum Lands $20 Million in Maersk-Backed Funding Round

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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