OptimalPlus
Analytics Solutions for the Automotive, Semiconductor, and Electronics Industries
Company Overview
Snapshot
Founded in May 2005 by Dan Glotter, OptimalPlus operated with 201–500 employees. The company raised a total of $80.5M across 5 funding rounds from 5 investors. In June 2020, OptimalPlus was acquired by NI.
Business overview
OptimalPlus develops lifecycle analytics solutions for the automotive, semiconductor, and electronics industries, serving tier-1 suppliers and OEMs. The company's core technology analyzes data from over 100 billion devices annually, enabling enhancements in manufacturing metrics such as yield and efficiency, improving product quality and reliability, and providing full supply-chain visibility. Its Open Platform combines machine learning with a global data infrastructure to deliver real-time product analytics and extract insights across the entire supply chain, operating within the Industrial Technologies sector.
Strategic signal
In June 2020, OptimalPlus was acquired by NI for $365 million. This acquisition signals a strategic move by National Instruments to integrate OptimalPlus's big data analytics capabilities, particularly in the automotive, semiconductor, and electronics industries, to accelerate its growth and enhance its offerings in data monetization and advanced analytics.
Log in to access full profile ›Company Intelligence Q&A
- What was the most significant recent corporate event for OptimalPlus?
- In June 2020, OptimalPlus was acquired by NI for $365 million, marking a significant exit for the company and its investors.
- When was OptimalPlus founded and by whom?
- OptimalPlus was founded in May 2005 by Dan Glotter.
- Which investors participated in the Series C funding round?
- In September 2010, OptimalPlus received funding from investors including Evergreen Venture Partners.
- What recognition did OptimalPlus receive from Gartner?
- In May 2017, OptimalPlus was named a "Cool Vendor" in IoT Analytics by the Gartner Research Group. The company was also named a Sample Vendor in four Gartner Hype Cycle Reports in August 2018.
- What was a key partnership announced by OptimalPlus?
- In November 2019, OptimalPlus teamed with ZF Cognata for enhanced ADAS validation, focusing on advanced driver-assistance systems.