Oro Labs
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| Type | Private |
|---|---|
| Industry | Enterprise software Procurement software |
| Founded | 2020 |
| Founders | Sudhir Bhojwani, Lalitha Rajagopalan, Yuan Tung |
| Headquarters | |
| Website | orolabs |
Oro Labs, Inc. is an American enterprise software company headquartered in Palo Alto, California.[1] The company develops an AI-powered procurement orchestration platform that coordinates purchasing, supplier management, and compliance workflows across the systems used by large organizations.[2]
History
[edit]Oro Labs was founded in 2020 by Sudhir Bhojwani, Lalitha Rajagopalan, and Yuan Tung, who previously held senior product and engineering roles at SAP Ariba. The founders launched the company to address gaps they had observed in legacy procurement software, particularly around user experience and cross-system orchestration.[3][4]
In November 2022, Oro Labs raised a US$25 million Series A round led by Norwest Venture Partners and B Capital, with participation from XYZ Venture Capital and Array Ventures.[5][6][7] One year later, in November 2023, the company closed a US$34 million Series B round led by Felicis, with continued participation from Norwest Venture Partners, B Capital, and XYZ Venture Capital.[3] In October 2023, Oro won the growth-stage track of the DEMO competition at the Digital Procurement World (DPW) conference in Amsterdam.[8] In 2024, Oro Labs was listed as a sample vendor in the Gartner Hype Cycle for Procurement and Sourcing Solutions in the categories of procurement orchestration and intake management.[9]
In March 2026, ORO Labs raised a US$100 million Series C round co-led by Brighton Park Capital and Growth Equity at Goldman Sachs Alternatives, bringing total funding raised to approximately US$160 million.[10][11]
In both 2025 and 2026, Oro Labs won the Procurement Technology Provider category at the World Procurement Awards.[12][13] The company reported 300% year-over-year revenue growth.[14][15][16]
Platform
[edit]ORO Labs develops a procurement orchestration platform that operates alongside existing enterprise resource planning (ERP), procurement and source-to-pay systems. It provides a centralized interface for procurement requests, automated routing and approvals, supplier onboarding and lifecycle management, and risk and compliance workflows. The platform also includes no-code tools for configuring workflows and artificial intelligence agents within defined policies. It integrates with enterprise systems including SAP Ariba and Coupa.[17][18][19]
References
[edit]- ↑ "ORO Labs". PrivCo. Retrieved 2026-07-07.
- ↑ "ORO Labs: $100 Million Raised For AI-Driven Enterprise Operations". Pulse 2.0. Retrieved 2026-07-07.
- 1 2 "Procurement management software startup ORO Labs lands $34M investment". TechCrunch. 2023-11-01. Retrieved 2026-07-07.
- ↑ "ORO raises $25 million in Series A funding to reimagine procurement". DC Velocity. Retrieved 2026-07-07.
- ↑ "ORO Raises $25M in Series A Funding". FinSMEs. 2022-11-03. Retrieved 2026-07-07.
- ↑ "ORO Labs raises $25M for its cloud-based procurement platform". SiliconANGLE. 2022-11-03. Retrieved 2026-07-07.
- ↑ "ORO Labs raises $25 million in Series A round". Enterprise Times. 2022-11-03. Retrieved 2026-07-07.
- ↑ "ORO Labs secures additional $34M Series B funding". CPOstrategy. 2023-11-02. Retrieved 2026-07-07.
- ↑ "Product Comparison Report: OroLabs vs Zip". Teem. Retrieved 2026-07-07.
- ↑ Kahn, Jeremy. "Exclusive: Oro Labs, which is using AI to streamline companies' procurement processes, raises $100 million in fresh venture capital funding". Fortune. Retrieved 2026-08-24.
- ↑ Riley, Duncan (2026-03-12). "ORO Labs raises $100M to expand procurement orchestration platform". SiliconANGLE. Retrieved 2026-08-24.
- ↑ "World Procurement Awards – Past Winners". Procurement Leaders. Retrieved 2026-07-07.
- ↑ "World Procurement Awards". Procurement Leaders. Retrieved 2026-07-07.
- ↑ "ORO Labs Raises $100M for Enterprise Procurement". Yahoo Finance. Retrieved 2026-07-07.
- ↑ "ORO Labs, corporate procurement and AI efficiency". Fortune. 2026-03-12. Retrieved 2026-07-07.
- ↑ "ORO Labs Raises $100M from Growth Equity at Goldman Sachs Alternatives". Goldman Sachs Asset Management. 2026. Retrieved 2026-07-07.
- ↑ "ORO Procurement Intake & Orchestration". SAP.
- ↑ "Agentic Procurement Orchestration Software Platform Overview". ORO Labs.
- ↑ "AI Integrations to any ERP/S2P: SAP, Oracle, Ariba, Coupa". ORO Labs.