1306: How Michigan Startup OneStream Reached Unicorn Status - a podcast by Neil C. Hughes

OneStream, a CPM-finance platform, secured Unicorn status following a $500M investment from PE firm KKR and a $1B valuation. Currently, OneStream is working with major brands like UPS, Fruit of the Loom, and The Carlyle Group.

Tom Shea is the founder and CEO of OneStream Software. He was the original founder of UpStream Software in January of 2000, where he invented and architected UpStream TB and later UpStream WebLink. These products pioneered a new space called Financial Data Quality. They achieved a better way to manage data quality for Hyperion products by providing a packaged product (UpStream/FDM) every company could use.

Tom's passion and real strength stems from a deep, unique understanding of finance that leads to truly innovative and revolutionary products. Tom began working on OneStream XF more than eight years ago. His vision is to change the entire CPM ecosystem with a solution that combines power and flexibility with ease of use, deployment, and maintenance.

In today's episode, we discuss the drivers and business insights that companies should be monitoring for economic recovery. When re-starting hiring in a post-pandemic economy, we explore how to balance needs and revenue.

When competing with industry giants, I learn more about why OneStream has its own eyes on an IPO. Finally, we dare to look at the future of finance, and we share real use cases for AI and ML and what we can learn from the acceleration of digital transformation.

 

 

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