Israeli big data co Optimal+ raises $42m

high tech

The Tel Aviv-based manufacturing intelligence startup will use the funds for global expansion in the semiconductor sector.

Israeli manufacturing intelligence firm Optimal+ raised $42 million for its global expansion plans from a growth equity investment led by KKR. The US global investment firm made its commitment alongside the lead investors, Carmel Ventures and Pitango Venture Capital.

Optimal+, founded in 2005 by CEO Dan Glotter, provides actionable business intelligence to clients in the semiconductor industry by employing big data solutions that analyze more than 25 billion chips per year.

“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,” said Glotter.

The company has been rolling out its current product suite over the last four years. Optimal+ promises its clients a high ROI through significant cost savings with software that aggregates vast amounts of data from multiple manufacturing locations. The software provides the customers with insights that can help them improve product yield, quality, and processing times while maintaining a full picture of their supply chain.

“We are very proud to partner with a world-class founder like Dan and some of Israel’s smartest investors to further accelerate the global development of Optimal+. As chips become ever more embedded in our daily lives and the number of mobile and IoT devices continues to skyrocket, Optimal+ is performing a critical function to help its clients attain ever higher quality standards. KKR’s deep experience in semiconductors & electronics, combined with our strong B2B software investment track-record and our global network, gives us a unique position to help Optimal+ write the next chapter of its story. We are also very excited to make our second tech investment in the world-class technology hub of Israel this year,” said KKR director Lucian Schönefelder.

Published by Globes [online], Israel business news - www.globes-online.com - on September 9, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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