o9 Solutions, a Dallas, Texas-based AI software platform provider for transforming planning and decision-making for global enterprises, announced that it raised $116 million in investment from its existing investors led by General Atlantic’s BeyondNetZero.
Existing investors KKR and Generation Investment Management also participated in the round. The investment values o9 at $3.7 billion, up from $2.7 billion since the Company’s last investment round in January 2022.
The company said 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.
"The investment by our existing investors at a premium to our last funding round and against a backdrop of an overall pullback in market valuations is continued validation of our performance and execution against our long-term strategy. We will continue our strategy of client satisfaction and innovation as a driver of efficient growth across industry verticals and markets." said Chakri Gottemukkala Co-Founder and CEO, of o9 Solutions.
In addition to the investment, o9 also announced that Gary Reiner, General Atlantic Operating Partner, and a seasoned business executive, has joined the company's Board of Directors.
Company: o9 Solutions, Inc.
Raised: $116.0M
Round: Unknown
Funding Month: July 2023
Lead Investors: General Atlantic’s BeyondNetZero
Additional Investors: KKR and Generation Investment Management
Company Website: https://o9solutions.com/
Software Category: Business Management Platform
About the Company: o9 Solutions was founded in 2009 by Sanjiv Sidhu and Chakri Gottemukkala to bring together leading-edge technology and industry experts to build the most value-generating enterprise software platform ever created. O9 Solutions provides an AI-powered business planning platform powering digital transformations of integrated planning and operations. The platform features graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces, and cloud-based delivery. Its mission is to provide global companies with a game-changing planning platform to transform their supply chain, commercial, finance, and sustainability decision-making.
Source: https://o9solutions.com/news/existing-investors-double-down-on-o9-solutions-growth-with-incremental-investment-at-3-7-billion-valuation/