AI-based digital transformation solutions provider, o9 Solutions Inc intends to accelerate its growth in India and Asia. And as part of this acceleration, o9 has raised over one billion dollars from global investment firm KKR.
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.
For its clientele that includes many industry verticals including retail, consumer goods, apparel, consumer electronics, industrial manufacturing, and oil & gas, o9 extends its platform to support the planning and operations.
Customers in those verticals use o9’s cloud platform for its next-generation planning capabilities that create improved visibility into drivers of demand, improved quality of forecasts using AI models, better real-time visibility into risks and opportunities across extended global supply chains, and matching of demand and supply using intelligent algorithms.
o9 is co-founded by software entrepreneurs Sanjiv Sidhu and Chakri Gottemukkala, both Indian Americans originally from Hyderabad.
With its first external investment from KKR, o9 plans to fast track the delivery of its differentiated technology solution to clients across the globe, including in India, and realize its objective of becoming a category-defining platform for the digital transformation of integrated business planning and operations.
Speaking on o9’s plans for India, Chakri Gottemukkala, CEO and Co-founder, o9 Solutions, said, “The funding from KKR is enabling us to accelerate growth across global markets, including India. India is also the place where we hire world-class Development and Consulting talent. In the last year, our India team grew by close to 100 percent. We have onboarded about 100 new hires even in the midst of the pandemic. We will continue to hire both experienced professionals and freshers from IITs, IIMs, and other premier institutions.”
Commenting on the India market, Sanjiv Sidhu, Chairman and Co-Founder, o9 Solutions, said, “Rapid digital transformation of planning and operations capabilities—to drive resilience, agility, productivity, cost management—has become a key business priority for CXO’s in these times of COVID-19. The capabilities offered by the o9 platform are now increasingly mission-critical for any global company. We have been associated with reputed Indian companies in the last few years and see a lot of opportunities to bring in best-in-class Planning processes and technologies to our premier Indian and Asian Blue-Chip clients who are themselves competing in the world space.”