AI procurement automation startup Oro Labs has completed a $100 million Series C funding round, led by Goldman Sachs

Silicon Valley AI procurement automation startup Oro Labs announced the completion of a $100 million Series C funding round, led by Goldman Sachs Growth Equity and Brighton Park Capital, with existing investors Norwest Venture Partners, B Capital, XYZ Capital, and Felicis participating in the round. The company's total funding has now reached $160 million.

Oro Labs' "procurement orchestration platform," based on AI technology, overlays existing ERP and procurement systems of enterprises, providing compliance review, process automation, and other services to Fortune 500 clients such as Coca-Cola, Pfizer, and Novartis.