July 14, 2023
The o9 Growth Story
In this video, we will discuss the history of o9 Solutions, a Dallas-based tech startup that has grown to $150 million in annual recurring revenue. The company was founded in 2009 by three entrepreneurs who saw a need for a better way to plan and make decisions in the supply chain industry.
The three common problems that o9's founders saw were:u003cbru003e1. Decisions made at the department level were disconnected from each other.u003cbru003e2. People had to use many different applications that were not integrated, resulting in them reverting to spreadsheets, even for business critical decisions.u003cbru003e3. People were unable to get the answers they needed to make decisions because of slow and unscalable applications.
To solve these problems, o9 built a platform that acts as a company's digital brain. The platform integrates massive amounts of data, generates insights from it, and uses those insights for better decisions all in real time. The underlying structure of this digital brain is a digital twin of the end-to-end business, which o9 calls the Enterprise Knowledge Graph.
The o9 Digital Brain has been used by companies in a variety of industries, including retail, manufacturing, and transportation. The platform has helped these companies improve their financial performance, reduce their environmental impact, and make better decisions faster.
In 2022, o9 raised $300 million in funding from General Atlantic's beyond net zero venture and Generation Investment Management. This funding will help o9 accelerate its growth and continue to help companies achieve their financial and sustainability goals.
