Its president and chief operating officer Igor Rikalo said the investment reaffirms the company’s potential. o9 reported year-over-year growth of 55% in annual recurring revenue through the first six months of 2023, following a 65% increase last year.
“I think it validates our business strategy and the trust that our investors have put in us,” Rikalo said. “It also validates the potential market opportunity that we have in front of us and the ability to have meaningful investments, both from a product and go-to-market perspective.