Exclusive: Oro Labs, which uses AI to streamline corporate procurement, raises $100 million

Oro Labs, a Silicon Valley startup that uses artificial intelligence to automate companies’  procurement processes, has raised $100 million in new venture capital funding. 

The fundraise, which is the company’s Series C round, is being led by Goldman Sachs Growth Equity and Brighton Park Capital. Existing investors Norwest Venture Partners, B Capital, XYZ Capital, and Felicis are also participating. As part of the deal, Clare Greenan, a vice president at Goldman Sachs Growth Equity, and Mike Gregoire...