Optimal Raises $42 Million Growth Round Led By KKR
Optimal+ was founded in 2005 in
Dan Glotter, and after several years of R&D investments, has been rolling out its current suite of products over the last four years.
Optimal+ provides an end-to-end solution that delivers actionable business intelligence to the semiconductor industry through a cutting-edge big data solution that analyzes and processes more than 25 billion chips per year. 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. The product thereby delivers significant cost savings and a high return on investment to its end users.
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. Our technology delivers huge ROI to customers through increased product yield, higher quality and greater manufacturing efficiency. We are seeing very strong demand for the actionable intelligence that our solutions provide."
Lucian
Sch?nefelder, Director of the European Technology and
Aaron Mankovski, Managing General Partner of
KKR has a long-established track record of supporting technology
companies, having invested more than
The investment in Optimal+ is part of KKR's growth equity effort, which focuses on selective investments in fast-growing, technology-enabled companies that sell differentiated products with global market potential and which are led by outstanding founders. Recent growth equity investments by KKR include ClickTale (behavioral big data analytics business for web & mobile), Ping Identity (identity security software), arago (AI-based IT automation software), Next Issue Media (digital magazine subscription marketplace) and others.
KKR is funding the investment primarily from its own balance sheet. No financial terms were disclosed.
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