o9 Solutions, a Dallas, TX-based enterprise AI software platform provider, raised additional $116M in funding at a valuation of $3.7 Billion.
The round was led by General Atlantic’s BeyondNetZero, with participation from KKR and Generation Investment Management. In conjunction with the transaction, o9 also announced that General Atlantic Operating Partner and tenured business executive Gary Reiner has joined the Company’s Board of Directors, bringing deep expertise at the intersection of technology, strategy and operations.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Chakri Gottemukkala, o9 Solutions is an AI-powered platform for integrated business planning and decision-making for the enterprise, whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives. To this end, the company has brought together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, interfaces and cloud-based delivery.
The investment follows a period of continued outperformance by o9, including 55% year-over-year growth in Annual Recurring Revenue (ARR) as of Q2’23. The company also reported 67% year-over-year ARR growth as of Q1’23 and 65% growth in 2022.
FinSMEs
19/07/2023