Oro Labs
Oro Labs, Inc. is an American enterprise Software company headquartered in Palo Alto, California. The company develops an AI-powered procurement orchestration platform that coordinates purchasing, supplier management, and compliance workflows across the systems used by large organizations.
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.
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. 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. In October 2023, Oro won the growth-stage track of the DEMO competition at the Digital Procurement World (DPW) conference in Amsterdam. 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.
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.
In both 2025 and 2026, Oro Labs won the Procurement Technology Provider category at the World Procurement Awards. The company reported 300% year-over-year revenue growth.
Platform
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.