Optilogic, an Ann Arbor, MI-based supply chain design software provider, raised $13M in funding.
The round was led by MK Capital.
The company intends to use the funds to expand go-to-market programs in consumer goods, retail, logistics, manufacturing, and distribution industries, as well as further develop its Cosmic Frog supply chain design platform.
Led by CEO and Founder Donald A. Hicks, Optilogic provides a SaaS based software platform that enables users to incorporate optimization, simulation, and risk into their strategy to have visibility into the cost, service and risk of different supply chain design scenarios.
Cosmic Frog, launched in November 2022, was purpose-built to be easy to use and implement. Its three-in-one design includes optimization, simulation, and risk engines. It can run even the largest models quickly, and automatically converts legacy supply chain design models.
In addition to major solution enhancements, Optilogic expanded its global research and development, customer success and executive leadership team. The company recently appointed Jennifer Randall as vice president of marketing and promoted Rebecca Janowiak to vice president of product management and Renee Thiesing to vice president of strategy and risk solutions.
FinSMEs
01/02/2023