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The Weighted Average

Wire

Owner raises $240M for AI-native local businesses

Owner, an AI platform for local businesses, raised $240 million at a $2.3 billion valuation, led by Goldman Sachs Alternatives. In the company’s financing announcement, Owner says it has surpassed $100 million in ARR and that its agents run websites, ordering, CRM, support, point-of-sale, and marketing for thousands of businesses. The operator signal is a shift from selling an assistant to selling an operating layer: compare the claim against the gap between AI productivity and booked enterprise earnings by measuring direct revenue, repeat orders, and support load—not model demos.