Orb is thrilled to announce the successful closing of its $25 million Series B funding round, bringing the total amount raised to $44 million. This round was led by Mayfield Fund, with participation from existing investors Menlo Ventures, Greylock, basecase, South Park Commons, Scribble Ventures, and new investor Uncorrelated Ventures. 

“The software industry is on the precipice of an evolution in pricing as AI and machine learning reshapes how software value is created and delivered,” says Alvaro Morales, CEO and co-founder of Orb.

“Our mission is to ensure that businesses have the flexible, powerful billing infrastructure they need to monetise these next-generation products effectively.

“This funding will accelerate our efforts to build the tools that empower companies to transform their pricing strategies as rapidly as they’re innovating their products,” he adds.