Optilogic Secures New Investment to Transform Supply Chain Design

Optilogic Secures New Funding to Rework Provide Chain Design

[ANN ARBOR, January 31, 2023] Provide chain design software program innovator Optilogic has secured $13 million in financing, led by MK Capital, a enterprise capital agency targeted on supporting progressive B2B software program firms. The funding will permit Optilogic to assist any enterprise with a bodily provide chain get full visibility into the price, service, and threat of various provide chain design situations. With this funding, Optilogic will proceed to increase go-to-market packages in shopper items, retail, logistics, manufacturing, and distribution industries, in addition to additional improvement of its Cosmic Frog provide chain design platform.

“Don Hicks and his founding workforce are pioneers within the subject of provide chain design with unparalleled business expertise,” mentioned Mark Koulogeorge, managing accomplice at MK Capital. “By empowering organizations of all sizes and maturity ranges to make smarter, quicker provide chain choices that take into account threat, Optilogic is poised to remodel the sphere of provide chain design and dramatically increase the addressable market.”

Conventional provide chain design applied sciences have advanced person interfaces, require expensive capital and IT funding, and have prolonged implementation processes. Cosmic Frog, launched in November 2022, was purpose-built to be straightforward to make use of and implement. Its distinctive three-in-one design consists of optimization, simulation, and threat engines. It might run even the most important fashions in a fraction of the time required by conventional design software program, and mechanically converts legacy provide chain design fashions.

Along with main resolution enhancements, Optilogic expanded its world analysis and improvement, buyer success and govt management workforce. The corporate not too long ago appointed Jennifer Randall as vp of selling and promoted Rebecca Janowiak to vp of product administration and Renee Thiesing to vp of technique and threat options.

“Optilogic is harnessing essentially the most superior applied sciences to drive a brand new and higher option to design provide chains—by understanding and balancing price concerns with service ranges and systemic threat to foretell the perfect, most resilient designs,” mentioned Optilogic CEO and Founder Donald A. Hicks. “This newest spherical of funding will assist us on our mission to rethink and rebuild provide chains.”


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