ORO Labs announced a $100 million Series C funding round on March 17, 2026, to expand its AI-powered procurement orchestration platform. The round was co-led by Brighton Park Capital and Growth Equity at Goldman Sachs Alternatives, with additional participation from Norwest Venture Partners, B Capital, XYZ Capital, and Felicis.
The company reported 300% revenue growth over the past year, a figure that reflects broader enterprise appetite for AI tools that can automate complex operational workflows. ORO Labs serves large global enterprises including The Coca-Cola Company, Siemens Energy, and Novartis, handling procurement processes that are typically fragmented across dozens of systems and manual approvals.
At the core of ORO Labs' platform are AI agents that automate procurement tasks while enforcing compliance with enterprise governance policies. The system orchestrates workflows across the entire procurement lifecycle, from intake and sourcing to contract execution and supplier management.
The funding is notable for its size and timing. Enterprise AI procurement is becoming one of the clearest ROI stories in the AI tool market, and $100M Series C rounds in the current environment suggest strong investor confidence in near-term revenue, not speculative growth.