Draft:ORO Labs

ORO Labs
Company type
Private
IndustryEnterprise software
Procurement software
Founded2020
FoundersSudhir Bhojwani, Lalitha Rajagopalan, Yuan Tung
Headquarters
Palo Alto, California
,
U.S.
Area served
Worldwide
Key people
  • Sudhir Bhojwani (CEO)
  • Yuan Tung (CTO)
  • Lalitha Rajagopalan (Head of Product Strategy and Marketing)
ProductsProcurement orchestration platform
Number of employees
~200 (2026)
Websiteorolabs.ai

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

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 both 2025 and 2026, ORO Labs won the Procurement Technology Provider category at the World Procurement Awards.[10][11]

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.[citation needed] The company reported 300% year-over-year revenue growth at the time of the round.[12][13][14]

Platform

ORO Labs develops an agentic procurement orchestration platform designed to function alongside an enterprise's existing enterprise resource planning (ERP), contract management, and source-to-pay systems. The platform consists of several core components:[15]


The platform integrates with major enterprise procurement and finance systems, including SAP Ariba and Coupa.[16]

References

  1. ^ "ORO Labs". PrivCo. Retrieved June 2, 2026.
  2. ^ "ORO Labs: $100 million raised for AI-driven enterprise operations". Pulse 2.0. Retrieved June 2, 2026.
  3. ^ a b "Procurement management software startup ORO Labs lands $34M investment". TechCrunch. November 1, 2023. Retrieved June 2, 2026.
  4. ^ "ORO raises $25 million in Series A funding to reimagine procurement". DC Velocity. Retrieved June 2, 2026.
  5. ^ "ORO raises $25M in Series A funding". FinSMEs. November 2022. Retrieved June 2, 2026.
  6. ^ "ORO Labs raises $25M for its cloud-based procurement platform". SiliconANGLE. November 3, 2022. Retrieved June 2, 2026.
  7. ^ "ORO Labs raises $25 million in Series A round". Enterprise Times. November 3, 2022. Retrieved June 2, 2026.
  8. ^ "ORO Labs secures additional $34M Series B funding". CPOstrategy. November 2, 2023. Retrieved June 2, 2026.
  9. ^ "Product comparison report: OroLabs vs Zip". Teem. Retrieved June 2, 2026.
  10. ^ "World Procurement Awards – Past winners". Procurement Leaders. Retrieved June 2, 2026.
  11. ^ "World Procurement Awards". Procurement Leaders. Retrieved June 2, 2026.
  12. ^ "ORO Labs raises $100M for enterprise procurement". Yahoo Finance. Retrieved June 2, 2026.
  13. ^ "ORO Labs and corporate procurement AI efficiency". Fortune. March 12, 2026. Retrieved June 2, 2026.
  14. ^ "ORO Labs raises $100M growth equity from Goldman Sachs Alternatives". Goldman Sachs Asset Management. 2026. Retrieved June 2, 2026.
  15. ^ "ORO Labs selected for Spend Matters Future 5 list of most impressive procurement technology startups". 01net (in Italian). Retrieved June 2, 2026.
  16. ^ "ORO Labs vendor profile". Hackett Group Vendor Directory. Retrieved June 2, 2026.


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