OptimalPlus

Analytics Solutions for the Automotive, Semiconductor, and Electronics Industries

Industrial Technologies
Acquired (Inactive) by NI on Jun 2020 - closed due to acquisition

Company Overview

Snapshot

Founded in May 2005 by Dan Glotter, OptimalPlus grew to 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. Its core technology leverages machine learning and a global data infrastructure to provide real-time product analytics, extracting insights from data across the entire supply chain. The company serves tier-1 suppliers and OEMs, enhancing manufacturing metrics such as yield and efficiency, improving product quality and reliability, and providing full supply-chain visibility. OptimalPlus operates within the Industrial Technologies sector, with a focus on operational optimization solutions, artificial intelligence, and IoT.

Strategic signal

In June 2020, OptimalPlus was acquired by National Instruments for $365 million. This acquisition highlights the increasing strategic importance of big data analytics and lifecycle management solutions in the industrial technology sector, particularly for companies looking to accelerate growth and monetize data in the automotive, semiconductor, and electronics industries.

Company Intelligence Q&A

What is the primary focus of OptimalPlus's technology?
OptimalPlus develops lifecycle analytics solutions that utilize machine learning and a global data infrastructure to provide real-time product analytics and extract insights from data across the entire supply chain.
Which industries does OptimalPlus primarily serve?
OptimalPlus serves the automotive, semiconductor, and electronics industries, catering to tier-1 suppliers and OEMs.
When was OptimalPlus acquired and by whom?
OptimalPlus was acquired by NI in June 2020.
What was the acquisition amount for OptimalPlus?
National Instruments acquired OptimalPlus for $365 million in June 2020. This acquisition was announced on June 2, 2020, and was part of National Instruments' strategy to accelerate growth and monetize data in the industrial technology sector.
Which investors participated in OptimalPlus's Series A funding round?
In July 2005, Pitango VC and Viola Ventures participated in OptimalPlus's Series A funding round.

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