ImpactAlpha, July 20 – Sustainability wasn’t top of mind for Dallas-based O9 Solutions in 2009, when it launched its software to help large companies with supply-chain forecasting and management. O9’s Chakri Gottemukkala says sustainability is now “at the center” of the company’s vision and mission to help clients “understand the ESG footprint across a multi-tier supply chain, and then take surgical actions to improve.”
Customers include Google, Danone, PepsiCo and Avon.
General Atlantic’s BeyondNetZero fund, Generation Investment Management and KKR reupped in O9 for its evolving sustainability data features. O9 took in $116 million at a $3.7 billion valuation.
Use cases
O9 says its sustainability software is helping an industrial company cut its carbon footprint by up to 8% with better scrap recycling. Right-sizing inventory helped a footwear company reduce its greenhouse gas emissions by more than 30,000 tons.
Supply chain-related carbon emissions, or Scope 3 emissions, make up the biggest share of most companies’ carbon footprints, including O9’s. O9 is using its own carbon management tool to develop a strategy for reducing its Scope 3 emissions and meeting its pledge to reach net-zero emissions by 2040.
