TechFlow News: On March 12, Oro Labs, a Silicon Valley AI-driven procurement automation startup, announced it has secured $100 million in Series C funding, led by Goldman Sachs Growth Equity and Brighton Park Capital. Existing investors—including Norwest Venture Partners, B Capital, XYZ Capital, and Felicis—also participated. With this round, the company’s total funding has reached $160 million. Oro Labs’ “Procurement Orchestration Platform,” built on AI technology, sits atop enterprises’ existing ERP and procurement systems to deliver services such as compliance review and process automation for Fortune 500 clients including Coca-Cola, Pfizer, and Novartis.
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