Optilogic – a supply chain design software innovator – announced it closed its $40 million Series B funding round, led by NewRoad Capital Partners and joined by MK Capital and Moore Strategic Ventures.
This funding round will empower Optilogic to intensify development of its industry-first optimization and decision-making platform which will transform how global businesses reimagine supply chains. And the supply chain design leader will also bring on additional vertical industry and supply chain experts to optimize customer success.
By utilizing this additional capital, Optilogic will utilize advanced infrastructure to deliver breakthroughs in AI-powered supply chain design at an unprecedented scale, enabling businesses to gain a competitive edge by responding to disruptions such as tariffs, population and labor shifts, geopolitical shifts, and weather events, as well as internally-driven changes in sourcing, manufacturing, transportation, etc.
The company also accelerates the launch of a first-of-its-kind data enablement tool that allows users to work with unprecedented amounts of data and orchestrate powerful workflow processes, empowering stakeholders across the enterprise to participate in the interconnected decision-making process.
This coming year, customers can expect to continue to see the company introduce exciting new products and features at an unprecedented rate and scale and deliver better customer success and support services that set it apart.
KEY QUOTES:
“This investment supercharges our ability to define how decisions are made across the enterprise. By connecting executive objectives to operations teams that implement change and facilitating the transformation of huge data sets into the world’s biggest digital models, we are enabling companies to reimagine supply chains in a way never before possible.”
- Don Hicks, CEO of Optilogic
“We, along with many enterprises in our network, believe that Optilogic is transforming how companies design and optimize their supply chains. Its AI-powered scenario modeling and integrated risk assessments are redefining industry standards. We invest in companies that help others build and operate more efficient and resilient supply chains, especially as disruptions have become more frequent and unpredictable. Optilogic is doing exactly that.”
- Clete Brewer, Managing Partner at NewRoad
“By enabling companies to model complex supply chain scenarios, Optilogic empowers decision-makers to optimize the cost-effectiveness and quality of their operations. Its unique, differentiated capabilities set it apart in the market, providing insights that others simply cannot match. Moreover, the experienced and visionary team behind the technology was a key driver of our conviction in its long-term potential for success.”
- Josh Jewett, Operating Partner at NewRoad
