Overview

Orb modernizes pricing models for businesses, particularly in the Software as a Service (SaaS) sector, by automating and simplifying billing processes. The platform allows companies to experiment with various pricing strategies without extensive engineering resources and integrates with major cloud providers for quick service listings. Unlike competitors, Orb offers a subscription-based service that supports flexible pricing options and provides actionable insights from real-time customer usage data. The goal is to streamline pricing and billing operations, enabling businesses to optimize their strategies for growth and efficiency.

Simplify's Take

What believers are saying

• Orb raised $25M in Series B funding, boosting growth and innovation.
• Subscription-based pricing models are increasingly adopted by SaaS companies.
• AI-driven analytics in billing platforms optimize pricing strategies and customer insights.

What critics are saying

• Emerging billing platforms offer similar features at lower costs, increasing competition.
• Rapid AI advancements may outpace Orb's current capabilities, requiring R&D investment.
• Potential security vulnerabilities in new API endpoints could expose sensitive data.

What makes Orb unique

• Orb automates complex billing processes for SaaS, fintech, and AI companies.
• The platform supports flexible pricing models, including prepaid, postpaid, and usage-based trials.
• Orb integrates with AWS, GCP, and Azure for seamless cloud marketplace listings.

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Funding

Total Funding

$42.8M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

Greylock PartnersSV Angel

Notable Investors:

Greylock PartnersSV Angel

$25,000,000

Series B

Sep 2024

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$25M

$30M

$45M

$65M

$100M

View all funding stages