Optilogic, an Ann Arbor, MI-based supply chain network design software company, secured a funding round of undisclosed amount.
Backers included new partners Augment Ventures and Beringea and existing investors MK Capital and Multiverse Investments.
The company intends to use the funds to expand operations and its business reach.
Led by CEO and Founder Donald A. Hicks, Optilogic offers cloud-native supply chain design solutions that enable businesses to evaluate trade-offs across financial performance, service levels, and systemic risk to design resilient supply chains even in the most dynamic, challenging environments. Its Cosmic Frog supply chain design solution tackles enterprise data at scale, runs models faster than ever, automatically converts legacy models, and requires no IT footprint. Cosmic Frog combines optimization, simulation, and risk engines, and includes a risk rating on every scenario. Solutions include network design, intelligent greenfield analysis and site selection, M&A analysis, near-shoring/reshoring, CapEx planning, cost-to-serve, product flow, and many more.
Optilogic, an Ann Arbor, MI-based supply chain network design software company, secured a funding round of undisclosed amount. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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