o9 Solutions, Inc. (“o9”), a provider of a leading AI platform fueling digital transformations of integrated planning and operations in global enterprises, seeks to accelerate its growth in India and Asia. o9 received a minority stake from leading global investment firm KKR for a valuation of over $ 1 billion. The company intends to hire India-based talent in emerging technologies – Artificial intelligence, machine learning and other key technologies in the digital transformation space – as well as expand its customer base in Asia.
Today, the o9 platform is powering planning and operations for large corporate clients around the world across many verticals, including retail, consumer goods, apparel, consumer electronics, industrial manufacturing, and oil and gas. These customers use the o9 cloud platform for its next-generation planning capabilities that create better visibility into demand drivers, better forecast quality using AI models, better visibility into real time on risks and opportunities in extended global supply chains, and the adequacy of demand and supply using intelligent algorithms. All of these abilities and many more are driven from a single platform and codebase, thereby enabling efficient and timely value delivery to customers.
o9 is co-founded by software entrepreneurs and supply chain visionaries Sanjiv Sidhu and Chakri Gottemukkala, both Native Americans from Hyderabad. With its first external investment from KKR, o9 plans to accelerate delivery of its differentiated technology solution to customers around the world, including India, and achieve its goal of become a category definition platform for digital transformation integrated business planning and operations.
Speaking on o9 plans for India, Chakri Gottemukkala, CEO and co-founder of o9 Solutions, said: “KKR’s funding allows us to accelerate our growth in global markets, including India. India is also where we hire world-class development and consulting talent. Over the past year, our team in India has grown by almost 100%. We have onboarded around 100 new hires even in the midst of the pandemic. We will continue to hire both experienced professionals and newcomers from IITs, IIMs and other leading institutions. “
Commenting on the Indian market, Sanjiv Sidhu, President and Co-Founder of o9 Solutions, said: “The rapid digital transformation of planning and operations capabilities – to drive resilience, agility, productivity and cost management – has become a key business priority for CXOs in these times of COVID-19. The capabilities offered by the o9 platform are now increasingly critical for any global business. We have been associated with reputable Indian companies for the past few years and see plenty of opportunities to bring the best planning processes and technologies to our top leading Indian and Asian clients who are themselves competing in the space. global. “
Jake Heller, Co-Head of KKR’s Technology Growth Team in the Americas, said: “Digitization and the rapidly advancing economies in Asia are secular growth themes on which KKR has focused. Sanjiv and Chakri are industry pioneers who have built a premier team and technology platform to digitally transform the way supply chains and operations are run. We are excited to be the first outside investor in o9 and to provide support for our global platform as the team continues to accelerate its growth in Asia.
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