Archlet

Archlet is an AI-native eSourcing and eAuctions software solution founded in 2019 in Zurich, Switzerland.

The company was established by three ETH Zürich alumni and aims to enhance procurement efficiency by replacing manual sourcing processes with a data-driven platform. Archlet operates globally, with offices in the United States, Switzerland, Spain, and Singapore, and serves mid-sized enterprises and large corporations. The core product is a cloud-based eSourcing platform that features event management, bid analytics, scenario optimization, and automation. It allows users to create sourcing events and collaborate with suppliers seamlessly. Archlet leverages AI to automate bid analytics and reduce sourcing cycle times, providing insights into cost drivers to support negotiation processes. The platform integrates with existing sourcing tools to enhance data collection and analysis. Archlet's clients include notable companies across various industries, such as TotalEnergies, Walmart, and FedEx, who rely on its solutions to optimize procurement strategies and make data-driven decisions.