"Oro has built what it calls a 'procurement orchestration platform'—a layer of AI-powered software that sits on top of a company's existing enterprise resource planning and procurement systems. Rather than replacing those legacy investments, Oro acts as an intelligent front door, using AI agents to route requests, check compliance, and automate manual processes."
"Oro's customers include a number of Fortune 500 companies, including Coca-Cola, Pfizer, Novartis, Thermo Fisher Scientific, and Booking.com, among others. The company says it now works with 15 of the top 25 life sciences companies, two of the top four diversified U.S. banks, and five of the top 15 food and drink manufacturers."
"Oro's fundraise comes after a year in which the five-year-old company said it achieved 300% revenue growth. The company says it expects to triple revenue again this year and that it is currently seeing a 150% 'revenue retention rate,' meaning that existing customers are rapidly expanding their use of the platform."
Oro Labs, a Silicon Valley startup, secured $100 million in Series C venture funding led by Goldman Sachs Growth Equity and Brighton Park Capital, bringing total funding to $160 million. The company operates a procurement orchestration platform that uses AI to automate and optimize procurement processes by integrating with existing enterprise systems. Oro serves major Fortune 500 clients including Coca-Cola, Pfizer, Novartis, and Booking.com, with significant presence among life sciences companies and financial institutions. The company achieved 300% revenue growth in the previous year and projects tripling revenue again, with a 150% revenue retention rate indicating strong customer expansion.
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