Oro Labs
Oro Labs is a technology company specializing in AI-driven procurement solutions, recently raising $34 million in Series B funding and winning notable industry accolades.
Services
Oro Labs offers smart procurement workflows designed to guide users through complex procurement processes. The platform features simplified supplier onboarding, real-time analytics, and smart collaboration tools. Oro Labs' solutions integrate seamlessly with existing systems such as P2P, CLM, Sourcing, ERP, Risk, and Quality systems. Additionally, the company provides a self-service portal for easy procurement request submissions, giving users visibility and control with a comprehensive 360° view.
Funding
Oro Labs successfully raised $34 million in Series B funding. This substantial financial backing supports its mission to humanize procurement processes. The investment is being used to develop and enhance their platform, ensuring it remains a leading solution in the smart procurement space.
Industry Recognition
Oro Labs has earned significant accolades in the tech and procurement industries. The company was recognized as a Future 5 start-up by Spend Matters and also won the DPW Demo 2023 Startup Competition. These recognitions affirm Oro Labs' innovative approach and market relevance in the procurement technology sector.
Key Features
Oro Labs' platform boasts several key features designed to simplify and enhance procurement workflows. These include AI-driven processes for supplier validation and fraud prevention, real-time analytics for data-driven decision-making, and smart collaboration tools for more effective communication. The platform also allows for seamless integration with existing enterprise systems, providing a unified procurement experience.
Target Industries
Oro Labs serves a diverse range of industries, including Financial Services, Manufacturing, and Life Sciences. The platform's robust features and seamless integrations are tailored to meet the unique procurement needs of these sectors, enabling companies to streamline operations and enhance procurement efficiency.