The ARC reactor is a tokamak design though, just (I appreciate the work this word is doing in this sentence) smaller and with much more powerful magnets. They quite explicitly want to not have a different type of reactor.
In the talk here: https://www.youtube.com/watch?v=KkpqA8yG9T4 he talks about ITER being too slow. Certainly the smaller SPARC reactor looks like they want to get things up and running far before ITER is performing fusion experiments, and the possible timescale for ARC is before
While their timescale might be optimistic or wrong, it doesn't sound like they're planning to wait for ITER.
I'm not in the field though so things might not match up with this output or I'm missing something obvious.