Oro Labs

Oro Labs, a prominent player in the procurement technology sector, has recently secured $34 million in Series B funding to enhance its platform that humanizes procurement processes. The company is celebrated for its innovative approach, being named a Future 5 start-up by Spend Matters and clinching the title at the DPW Demo 2023 Startup Competition. Oro Labs offers advanced procurement workflows and a comprehensive platform that seamlessly integrates with existing systems such as P2P, CLM, Sourcing, ERP, Risk, and Quality systems. Key features of Oro Labs’ offerings include simplified supplier onboarding, real-time analytics, and smart collaboration tools, all underpinned by AI-driven processes for supplier validation and fraud prevention. The platform also boasts a self-service portal that facilitates easy procurement request submissions and provides a 360° view for enhanced visibility and control over procurement activities. Oro Labs serves a diverse range of industries, including Financial Services, Manufacturing, and Life Sciences.