Orb, a San Francisco, CA-based provider of a billing platform for businesses to monetize software, raised $25M in Series B funding.
The round was led by Mayfield, with participation from existing investors Menlo Ventures, Greylock Partners, South Park Commons, Basecase, and Scribble Ventures and new investor Uncorrelated Ventures.
The company intends to use the funds to accelerate operations’ growth and business expansion.
Led by CEO Alvaro Morales, Orb provides a billing platform that enables businesses to implement innovative pricing strategies, from usage-based models to outcome-driven pricing. This enables engineers to focus on innovating, while finance and revenue teams can adapt pricing strategies to meet market conditions.
With Orb, organizations can implement and iterate on complex pricing models that reflect the customer-centric value delivery of modern software. Its API, extensible platform, and integrations empower engineers to enable finance, sales, and customer success teams to drive growth and innovation. Orb’s architecture is also built to support emerging monetization strategies, with native support for monetizing AI software that learns, adapts, and delivers personalized value.
FinSMEs
17/09/2024