Optimal+ Raises $42 Million Growth Round Led By KKR
Summary
The enterprise software solution collects, cleans and aggregates large amounts of data from multiple manufacturing locations and delivers insights that allow customers to significantly improve their product quality, output yields and processing times with complete supply chain visibility. Dan Glotter, Founder and CEO of Optimal+, commented: “KKR is the perfect partner for Optimal+ as we look to accelerate our global growth and expand the capabilities of our platform beyond semiconductor into the electronics market segment. We are seeing very strong demand for the actionable intelligence that our solutions provide.” Lucian Schönefelder, Director of the European Technology and Digital Media Investment team at KKR, said: “We are very proud to partner with a world-class founder like Dan and some of Israel’s smartest investors to further accelerate the global development of Optimal+. We are also very excited to make our second tech investment in the world-class technology hub of Israel this year.” Aaron Mankovski, Managing General Partner of Pitango Venture Capital states: “Optimal+ is practically re-connecting the global supply chain for the semiconductors and electronics industry with its robust big data analytics solutions. The company’s real-time, Big Data analytics solutions are deployed in virtually every major foundry and OSAT currently serving the semiconductor ecosystem, processing over 25 billion chips every year on behalf of its customers and ushering in an era of unprecedented supply chain visibility that translates into strong and measurable ROI.