Enterprise AI software platform o9 Solutions has secured a $116 million investment from its existing investors, led by General Atlantic. The round additionally saw involvement of investors such as KKR and Generation Investment Management.
Gary Reiner, an experienced corporate executive and General Atlantic Operating Partner, also joined the Board of Directors of the company, adding to its deep knowledge in the areas of technology, business plans, and operations, as reported by Bwdisrupt.com
“We continue to be thrilled with o9’s terrific customer value proposition, offering truly material and measurable outcomes relative to traditional planning software vendors and thereby providing strong blue chip client satisfaction,” said Gary Reiner, Operating Partner at General Atlantic.
“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,” said Chakri Gottemukkala, Co-Founder and CEO, o9 Solutions.
About o9 Solutions
In 2009, Sanjiv Sidhu and Chakri Gottemukkala founded o9 Solutions. Faster, wiser strategy and business decision-making directly correlate to better financial outcomes and the ability to carry out the business plan. The biggest users of resources on the planet are global supply systems. With careful planning, businesses can accomplish their objectives while utilising fewer of the planet’s limited resources.