Gurobi Optimization, LLC, a Houston-based provider of an optimization platform for the the software industry, has been recapitalized by Thompson Street Capital Partners.
The terms of the transaction were not disclosed.
Led by Ed Rothberg, CEO and co-founder, Gurobi has developed a suite of optimization products that leverage mathematical, engineering and computing technologies to deliver performance. The company’s software libraries enable 1,500 companies in more than 40 industries to employ mathematical programming to build decision support systems that can generate and evaluate a vast array of possible solutions. Its solutions are embedded in mission-critical business applications or as a distributed optimization service running on local servers or in the cloud in support of compute-intensive workloads.
The investment will enable the company to continue to expand into new markets and accelerate growth.