# Archlet: Information technology & services, Zurich, Switzerland > Archlet: Archlet is an AI-native eSourcing and eAuctions software solution founded in 2019 in Zurich, Switzerland. Based in Zurich, Switzerland. Founded 2019. Source: https://millionrounds.com/startup/archlet (Millionrounds; every figure on the page links to its filing or article) Switzerland · [Information technology & services startup](https://millionrounds.com/companies) # Archlet Archlet is an AI-native eSourcing and eAuctions software solution founded in 2019 in Zurich, Switzerland. Funding reported Last round: Series A Information technology & services Zurich, Switzerland Company summary - **Founded:** 2019 7 years old - **Team:** 45 11 to 50 people - **Funding reported:** 12.8M as listed, currency not stated - **Last round:** Series A Sept 2021 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Archlet has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About 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. ## What company datasets say Archlet raised Funding, as reported Reported in all **12.8M** in the source's currency Rounds **4** Last round **Series A** Last round size **10M** Last round date **Sept 2021** Investors listed **12** ## On 3 portfolio pages Investors who name them - [Senovo](https://millionrounds.com/fund/senovo) - [Startup INVEST](https://millionrounds.com/fund/startup-invest-2) - [SICTIC](https://millionrounds.com/fund/sictic) Each firm lists Archlet on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for bid analytics & scenario optimization professional services consumers negotiation insights manufacturing event management enterprises risk assessment cost driver analysis end-to-end procurement platform information technology & services automated bid analysis e-sourcing data integration software development enterprise software Built with from their website Microsoft Azure Monitor CloudFlare CDN Google Tag Manager Azure Web Application Firewall Amazon CloudFront Nestjs cdnjs React Google Font API HSTS +8 more HREF Lang Datadog Microsoft Exchange Nginx Atlassian TypeScript Microsoft 365 Storybook - **Sector:** Information technology & services - **Industry code:** NAICS 54161, 513210, SIC 7389, 7372 - **Region:** Zurich - **Revenue:** 1M a year, as listed - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/archlet) ## Information technology & services in Switzerland Startups like it - [**KNIME** Zurich · founded 2008 *Raised*](https://millionrounds.com/company/knime) - [**Cerrion** Zuerich · founded 2021 *Raised*](https://millionrounds.com/company/cerrion) - [**B3i** Zurich · founded 2016 *Raised*](https://millionrounds.com/company/b3i) - [**BRD** Freienbach · founded 2015 *Raised*](https://millionrounds.com/company/brd) - [**Tangem** Zug · founded 2017 *Raised*](https://millionrounds.com/company/tangem) - [**ETFBOOK** Zuerich · founded 2020 *Raised*](https://millionrounds.com/company/etfbook) - [**Squirro** Zuerich · founded 2012 *Raised*](https://millionrounds.com/company/squirro) - [**Frontify** St. Gallen · founded 2013 *Raised*](https://millionrounds.com/company/frontify) ## Is this your company? Add your raise, your deck and your story, and put Archlet in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)