Exclusive: Oro Labs, which uses AI to streamline corporate procurement, raises $100 million [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
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, partner at Brighton Park Capital, will join Oro's board of directors. Oro declined to disclose its valuation following the new fundraise. The new capital raise brings the total amount of money the startup has raised to date to $160 million. The five-year old startup has built what it calls a “procurement orchestration platform”—a layer of AI-powered software that sits on top of a company's existing enterprise resource planning and procurement systems. Rather than replacing those legacy investments, Oro acts as an intelligent front door, using AI agents to route requests, check compliance, and automate manual processes. Oro's customers include a numbe
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News
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WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 3/20/26 - Form 424B2
- 3/20/26 - Form 424B2
- 3/20/26 - Form 424B2
- WFC's page on the SEC website