Owner raises $240 million at $2.4 billion valuation to expand AI platform

Owner announced a $240 million financing led by Growth Equity at Goldman Sachs Alternatives, with the latest announcement putting the company’s valuation at $2.4 billion, up from the $2.3 billion figure previously reported. Existing investors Meritech, Redpoint, Headline, and Jack Altman also participated. The company provides AI agents that automate marketing, customer communications, and operational improvements for local businesses, initially focusing on restaurants. Owner has surpassed $100 million in ARR and plans to use the new capital to expand internationally and broaden its local-business applications to categories including salons, spas, and independent grocers.

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