ORO Labs has confirmed the funding in a round which was led by Brighton Park Capital and Growth Equity at Goldman Sachs Alternatives, with participation from the following earlier investors: Norwest Venture Partners, B Capital, XYZ Capital and Felicis. The funding follows a year of 300% revenue growth for ORO Labs.
Today’s high-performing businesses require agility, speed and scale in core operations, but current processes and procurement tools are falling short. Rigid, disconnected and hard to use, these systems frustrate employees and fail to address the realities of today’s supply chains. The ORO platform orchestrates the end-to-end experience across people, processes, systems and intelligent agents to automate workflows, speed compliance and provide a much-needed velocity and value advantage.
“Demand for orchestration has skyrocketed because procurement teams are under tremendous pressure to move faster, to save more, and to make employee and supplier experiences easier,” said Sudhir Bhojwani, Co-Founder and CEO of ORO Labs. “Procurement is shifting to a new AI-driven operating model. ORO is powering this change – helping our customers reimagine how procurement delivers impact for the business.”
Many of the top enterprises in the world – including The Coca-Cola Company, Siemens Energy and Novartis – rely on ORO to orchestrate procurement workflows across intake, approvals, sourcing, supplier management, risk and compliance. The ORO platform is deployed across 100+ countries, serving Fortune 500 organisations in life sciences, financial services, consumer products, manufacturing, energy and telecommunications.
The capital investment will be used to accelerate ORO’s expansion, further its product leadership, and scale customer success and deployment worldwide.
“ORO is pioneering the modernisation of procurement, leveraging next-gen AI to deliver intelligent automation and tangible ROI while preserving the context, controls, and standards that large global enterprises depend on,” said Clare Greenan, Vice President with Growth Equity at Goldman Sachs Alternatives. “We believe ORO’s co-founders, Sudhir, Lalitha, and Yuan, as well as the rest of the ORO team, are uniquely positioned to lead this shift, bringing unmatched domain expertise and strategic innovation to legacy operations.”
Mike Gregoire, Partner at Brighton Park Capital, and Rik Patel, Principal at Brighton Park Capital, commented: “We are thrilled to partner with ORO Labs as they pioneer the future of procurement. ORO is moving the world’s largest enterprises beyond legacy systems, orchestrating intelligent automation and seamless workflows to operations that desperately need them. ORO’s team exemplifies the kind of visionary innovation we back at Brighton Park Capital – leveraging next-generation AI to solve massive, longstanding business challenges. We look forward to supporting their continued hyper-growth.”
To support this next chapter, Mike Gregoire of Brighton Park Capital and Clare Greenan of Growth Equity at Goldman Sachs Alternatives will join ORO’s Board of Directors.
For more information, visit orolabs.ai.