What does Optilogic do?
Optilogic specializes in supply chain design software that enables companies to build virtual supply chain models. Their platform allows users, from technical analysts to business professionals, to simulate and test supply chain adjustments, optimize performance in terms of cost, service, and risk, and implement changes without needing extensive specialized training.
How much did they raise?
The company raised $40M in a Series B round, with the funding led by NewRoad Capital Partners and additional participation from MK Capital and Moore Strategic Ventures. This round underscores investor confidence in the company’s innovative approach and growth potential.
What are their plans for the money?
With the capital infusion, Optilogic plans to intensify the development of its optimization and decision-making platform. The investment will help enhance the capabilities of their Cosmic Frog solution, empowering businesses to make better, data-driven supply chain decisions and test various scenarios in a risk-free environment.
What have they achieved so far?
Optilogic has already made significant progress with its Cosmic Frog solution, which enables both technical and non-technical users to answer specific supply chain questions and simulate potential supply chain changes.
