Knox Systems, a federal AI-managed cloud provider, has raised $25 million in a Series A round led by B Capital, with participation from M12, Okta Ventures, MongoDB Ventures and Hearst Ventures. The funding comes nine months after a $6.5 million seed round led by Felicis. Knox enables SaaS companies to achieve FedRAMP authorisation in 90 days at 90% lower cost than traditional methods, which typically cost $2-5 million upfront. The company operates the largest multi-cloud federal boundary across AWS, Azure and Google Cloud, holding authorisations to operate across 15 federal agencies including the Department of Health and Human Services and Department of Homeland Security. The funding will help Knox expand federal authorisation capacity whilst positioning itself for commercial adoption, serving clients including Adobe, Celonis and OutSystems.

Oro Labs, a Silicon Valley startup using AI to automate corporate procurement processes, has raised $100 million in a Series C round led by Goldman Sachs Growth Equity and Brighton Park Capital. The funding brings total capital raised to $160 million, though the company declined to disclose its valuation. The five-year-old company has built a "procurement orchestration platform" that uses AI agents to route requests, check compliance and automate manual processes atop existing enterprise systems. Customers include 15 of the top 25 life sciences companies, Coca-Cola, Pfizer and Novartis. Oro reported 300% revenue growth last year and expects to triple revenue again this year. The company helped one pharmaceutical client reduce supplier onboarding time from over 30 days to under 10 days.