ANN ARBOR, MI, Supply chain design software innovator Optilogic closed its $40 million Series B round today.
The round was led by NewRoad Capital Partners, an operator-led investment firm focused on high-growth supply chain and logistics, retail, and marketing technology companies, and joined by MK Capital and Moore Strategic Ventures. The funding will empower Optilogic to intensify development of its industry-first optimization and decision-making platform which will transform how global businesses reimagine supply chains. The supply chain design leader will also bring on additional vertical industry and supply chain experts to optimize customer success.
Optilogic is a supply chain design software company that enables companies to build virtual supply chain models which allow them to answer any supply chain question and safely test and implement supply chain changes-big and small. Our Cosmic Frog solution empowers analysts to test how future supply chain changes would perform in terms of cost, service, and risk, and business users can answer role-specific questions with no specialized training required.
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