ORO Labs, a San Francisco, CA-based provider of a SaaS smart workflow orchestration platform for procurement, raised $34m in Series B funding.
The round, which brought total funding raised to date to $60m, was led by Felicis, with participation from existing investors including Norwest Venture Partners, B Capital, and XYZ Venture Capital.
This company intends to use the funds to scale international and platform growth.
Led by Sudhir Bhojwani, CEO, and co-founder Lalitha Rajagopalan, ORO provides organizations with a platform that streamlines procurement and reduces supplier cycle time using workflow automation. From intake to spend control, and contract management to supplier relationships, the smart procurement workflows empower organizations to create intake workflows, build an integrated and orchestrated procurement tech stack, and simplify user engagement with purchasing throughout the organization.
ORO is in use by global Fortune 200 enterprises.