AI-powered planning, analytics and data platform operator, o9 Solutions has received $116 million in additional funding led by exiting investor General Atlantic’s BeyondNetZero.
Other existing investors KKR and Generation Investment Management also participated in the round, o9 Solutions said in a press release on Thursday. The investment values the US- and India-based company at $3.7 billion, up from $2.7 billion since its last investment round in January last year.
Additionally, General Atlantic’s operating partner and tenured business executive Gary Reiner has joined o9’s board of directors, the statement added.
“Our deepened support of o9 reflects the enthusiasm we have for the business and its seasoned management team, particularly as their innovative model supports the transition to more sustainable supply chains across the enterprise,” said Reiner.
o9, founded in 2009, operates an AI-powered planning, analytics and data platform called the Digital Brain that helps companies with planning and decision-making.
The company had raised $295 million from General Atlantic, Generation Investment Management, and KKR in January last year, valuing it at $2.7 billion at that time. The company achieved the $1 billion valuation mark in April 2020 during its first-ever external investment led by KKR.