Startup Of The Week

Startup Of The Week: Pactum

Pactum has developed is an AI-based system that helps global companies automatically conduct personalized, commercial negotiations on a massive scale. It calls its AI offering negotiation-as a-service. The company says it is enabling companies across the financial, manufacturing, retail, consumer packaged goods, logistics, industrial, and auto sectors to create between $2 million and $11 million of new value per $100 million of spend. Customers include Walmart, Maersk, Vodafone and Wesco, a multinational electrical distribution and services company.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.