Optimal Dynamics Raises $18.4M Series A Round To Build The Decision Layer Of Logistics And Supply Chain Management
Optimal Dynamics Raises $18.4M Series A Round To Build The Decision Layer Of Logistics And Supply Chain Management
05/13/21, 12:14 PM
Money raised
$18.4 million
Round Type
series a
Optimal Dynamics, a startup aiming to build the decision layer of logistics and supply chain management, announced today, less than a year from its $4M Seed round, that it has raised a $18.4 million Series A round led by Bessemer Venture Partners, alongside returning investors Fusion Fund, The Westly Group, TenOneTen Ventures, Embark Ventures, FitzGate Ventures, and industry veterans John Larkin and John Hess.
Company Info
Additional Info
"We've received outstanding feedback from Hawk Logistics, Standard Industries' transportation fleet, on how the platform has supported their growth and innovated their business model. "What attracted us to Optimal Dynamics is the deep intelligence the platform brings to transportation decision-making, given historic levels of uncertainty," explained Jordan. The company will be using the new proceeds to accelerate hiring in critical areas to 1) drive future expansion and growth and 2) better enable its teams to deploy impactful products to its customers. The firm has over $500 million AUM and has had seven companies go public, including Tesla Motors and Luminar. The firm aims to generate best-in-class financial returns while contributing to this vision of the future by investing in entrepreneurial management teams in high-growth companies using technology to make the world more efficient, intelligent, and sustainable. Optimal Dynamics was founded to bring advanced AI to the logistics industry, helping companies automate and optimize operations. About Optimal Dynamics Optimal Dynamics was founded in 2017 by Daniel Powell and his father Warren Powell to create the decision layer of logistics.