Oro Labs, a Silicon Valley startup specializing in AI-driven procurement automation, has announced the completion of a $100 million Series C funding round. According to ChainCatcher, the round was led by Goldman Sachs Growth Equity and Brighton Park Capital, with participation from existing investors such as Norwest Venture Partners, B Capital, XYZ Capital, and Felicis. This latest investment brings the company's total funding to $160 million.
Oro Labs offers a 'procurement orchestration platform' that leverages AI technology to enhance existing enterprise resource planning (ERP) and procurement systems. The platform provides services such as compliance review and process automation to Fortune 500 clients, including Coca-Cola, Pfizer, and Novartis.