AI Software Provider o9 Solutions Secures $116 Million Investment Led by General Atlantic’s BeyondNetZero

Enterprise AI software platform provider, o9 Solutions, has announced a significant investment of $116 million from its existing investors, with General Atlantic’s BeyondNetZero leading the funding round. The investment also saw participation from KKR and Generation Investment Management. This infusion values o9 Solutions at $3.7 billion, marking a substantial increase from $2.7 billion since its last investment round in January 2022.

The investment comes on the heels of o9 Solutions’ impressive performance, with a remarkable 55% year-over-year growth in Annual Recurring Revenue (ARR) as of Q2’23. The company’s success has been consistent, reporting 67% year-over-year ARR growth in Q1’23 and 65% growth throughout 2022.

Accompanying the funding, o9 Solutions announced the addition of Gary Reiner, an experienced business executive and General Atlantic Operating Partner, to its Board of Directors. With an extensive background in technology, strategy, and operations, Reiner brings valuable expertise to the company. Prior to joining General Atlantic, he served as Senior Vice President and Chief Information Officer at General Electric for nearly two decades and was a Partner at The Boston Consulting Group. Reiner is also on the boards of public companies such as Hewlett-Packard Enterprise and Citigroup.

Gary Reiner expressed his enthusiasm for o9 Solutions, praising the company’s customer value proposition and its significant impact on clients’ success. Since the partnership with o9 began in early 2022, the company has contributed to substantial revenue growth and operational improvements for global enterprises, earning the trust and satisfaction of blue-chip clients. The continued support from General Atlantic reflects their confidence in the seasoned management team and their innovative approach, especially in promoting sustainable supply chains across industries.

Chakri Gottemukkala, Co-Founder and CEO of o9 Solutions, highlighted the investment as a testament to the company’s outstanding performance and strong execution of its long-term strategy. He affirmed o9’s commitment to client satisfaction and innovation as they continue to drive efficient growth across various industry verticals and markets. With this fresh investment, o9 Solutions is well-positioned to continue its trajectory of success and make significant contributions to the AI software industry.