Al Gore’s company joins $295 million seed round for enterprise software specialist o9 Solutions


General Atlantic and its climate investment firm, BeyondNetZero, have backed a $295 million funding round for AI-based business planning software provider o9 Solutions.

Al Gore’s Generation Investment Management and returning investor KKR also participated in the funding, which values ​​the company at $2.7 billion and is pursuing private equity ardent pursuit of enterprises in the software industry. In April 2020, o9 received a $100 million minority investment from KKR which valued it at over $1 billion.

Dallas-based o9 helps users forecast demand, analyze financial transactions, and manage communications with internal stakeholders and vendors. Working with companies such as Google, Nestlé and Bridgestone, the software company’s technology is used in a variety of verticals, including retail, consumer and industrial product manufacturing, semiconductors, life sciences, automotive, telecommunications, oil and gas.

Last year, General Atlantic and KKR each participated in at least two software deals with a size of $1 billion or more, according to data from PitchBook. KKR, alongside Clayton, Dubilier & Rice, completed a $5.3 billion public-private takeover of enterprise data cloud company Cloudera in October, while General Atlantic led a Series A of $1.5 billion in educational software company Articulate in July. Here’s a look at several software offerings in 2021 that included participation from o9 investors:

Image featured by metamorworks/Getty Images

Source link


Comments are closed.