Optilogic, an innovator in supply chain design software, has successfully closed a $40 million Series B funding round. The investment was led by NewRoad Capital Partners, with participation from MK Capital and Moore Strategic Ventures. This influx of capital is set to accelerate the development of Optilogic’s cutting-edge optimization and decision-making platform, aiming to revolutionize how global enterprises reimagine their supply chains.
“This investment supercharges our ability to define how decisions are made across the enterprise,” said Don Hicks, CEO of Optilogic. “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.”
Optilogic’s platform leverages artificial intelligence to offer scenario modeling and integrated risk assessments, providing businesses with tools to enhance efficiency and resilience amid increasing supply chain disruptions.
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Clete Brewer, Managing Partner at NewRoad Capital Partners, highlighted the broader industry impact of the investment, noting that Optilogic’s AI-driven approach is redefining industry standards and addressing the need for more robust supply chain solutions.
With this substantial funding, Optilogic plans to expand its team by bringing on additional industry and supply chain experts to optimize customer success. The company is poised to set new benchmarks in supply chain design, empowering organizations to navigate the complexities of modern logistics with greater agility and insight.
