Goldman Sachs Alternatives Joins Brighton Park in $100M ORO Labs Series C

ORO Labs pulled in $100 million in Series C funding on March 12, 2026, with Brighton Park Capital and Growth Equity at Goldman Sachs Alternatives leading the round, joined by four existing investors: Norwest Venture Partners, B Capital, XYZ Capital, and Felicis.

The San Francisco- and London-based procurement software company says the capital will accelerate what it calls "agentic orchestration," a positioning that frames AI-driven procurement automation as the operational backbone for enterprise finance, legal, and supply chain functions. Co-founders Sudhir Bhojwani, Lalitha Rajagopalan, and Yuan Tung are behind the platform, which ORO describes as the leading procurement orchestration tool for global enterprises.

The raise came on the back of 300% revenue growth in the prior year, a figure the company cited in its announcement without specifying a baseline period or whether the measure reflects trailing twelve months or a full calendar year.

Clare Greenan, Vice President of Growth Equity at Goldman Sachs Alternatives, is named in ORO's official announcement materials as the firm's representative on the deal, though no statement from her was included in the release.

The investment continues a pattern for Goldman Sachs Alternatives' Growth Equity team in enterprise AI. Just three months earlier, on December 18, 2025, the unit led a separate $100 million Series C for Neural Concept, a Lausanne, Switzerland-based platform focused on what it calls Engineering Intelligence for industrial product development. That round included existing investors Forestay Capital, Alven, HTGF (High-Tech Gründerfonds), D. E. Shaw Ventures, and Aster Capital. Christian Resch, Partner and Head of EMEA Growth Equity at Goldman Sachs Alternatives, commented on that deal: "As demand accelerates for AI that drives real impact in complex industrial workflows, Neural Concept is emerging as one of the leading companies in the market."

Neural Concept said at the time it planned to use the funding to expand global go-to-market teams, deepen partnerships with Nvidia, Siemens, Ansys, Microsoft, and AWS, and unveil a breakthrough generative CAD capability in early 2026.

The two deals put Goldman Sachs Alternatives' Growth Equity team at the center of back-to-back nine-figure rounds in enterprise AI within a single quarter. Press materials associated with ORO's round describe Goldman Sachs Alternatives as managing over $625 billion in assets, while materials tied to the Neural Concept announcement cited a figure of over $500 billion. Both descriptions reference more than 30 years of experience in alternatives. Goldman Sachs has not publicly reconciled the two figures, and the discrepancy likely reflects different publication dates for the boilerplate language used in each announcement.

For Goldman employees watching the firm's Alternatives business, these deals signal where Growth Equity is placing its bets: enterprise software companies using AI to automate complex, compliance-heavy workflows that large organizations have historically struggled to modernize.