Orb raised $25M in a Series B funding round led by Mayfield to enhance its billing platform for intelligent software monetization.

Sep 17, 2024•over 1 year ago

Amount Raised

$25 Million

Round Type

series b

San Francisco

Investors

Uncorrelated VenturesScribble VenturesBasecaseSouth Park CommonsGreylock PartnersMenlo VenturesMayfield

Description

Orb announced $25M in Series B funding, aiming to transform software billing as businesses adapt to AI-driven models. This new funding, which brings Orb's total to $44.1 million, will empower growth in the evolving software landscape.

Company Information

Company

Orb

Location

San Francisco, California, United States

About

Orb is the modern pricing platform that gives businesses the ability to bill for seats, consumption, and everything in between. We are on a mission to provide every business with the infrastructure to unlock their revenue. To date, we’ve powered billing and invoicing for high-growth companies like Airbyte, Materialize, and Dune Analytics, saving them $500k+/year in engineering costs and accelerated their product launches. With Orb’s developer-extensible approach, our customers are able to automate billing, and still have the flexibility to experiment with pricing. Our product supports the end-to-end workflow for revenue, helping teams across Product, Eng, Finance, and RevOps achieve their goals faster. To date, we’ve powered billing and invoicing for high-growth companies like Airbyte, Materialize, and Dune Analytics. We’ve saved them $500k+/year in engineering costs and accelerated their product launches. With our developer-first approach, our customers have the flexibility to evolve their monetization without letting billing get in the way.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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