ORO Labs has secured $100 million in Series C funding to accelerate the growth of its artificial intelligence-powered procurement platform, with the round co-led by Brighton Park Capital and Growth Equity at Goldman Sachs Alternatives. The company reported 300% revenue growth over the past year, reflecting rising demand for AI solutions that modernize enterprise operations.
The platform is designed to address fragmented and outdated procurement systems by orchestrating workflows across the entire procurement lifecycle. At the core of ORO Labs’ approach is the use of AI agents to automate complex procurement tasks while ensuring compliance with enterprise policies and governance requirements.
CEO Sudhir Bhojwani indicated that procurement is shifting toward an AI-driven operating model as organizations seek greater efficiency and cost savings. ORO Labs plans to use the new funding to expand globally and scale its product capabilities, building on deployments with enterprises including The Coca-Cola Company, Siemens Energy, and Novartis across more than 100 countries.
Featured image: Credit: ORO Labs
