About Optio3
Optio3 is a company based in Seattle (United States) founded in 2016 was acquired by CoreStack in September 2022.. Optio3 has raised $6.37 million across 3 funding rounds from investors including CoreStack and McKinstry. Optio3 operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Headquarter Seattle, United States
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
***********
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Phone
*********
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Website
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Social
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Software Development Team
35 people
Product Management Team
11 people
Human Resources and Administration
6 people
Advisor Team
5 people
Senior Team
5 people
Data Analysis and Operations Team
4 people
Sales and Marketing
4 people
Leadership Team
4 people
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Funding Insights of Optio3
Optio3 has successfully raised a total of $6.37M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $570 thousand completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $570,000
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First Round
First Round
(27 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Series A - Optio3 | Valuation |
investors |
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| Jul, 2018 | Amount | Series A - Optio3 | Valuation | McKinstry |
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| Oct, 2016 | Amount | Angel Round - Optio3 | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Optio3
Optio3 has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CoreStack and McKinstry. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Building systems integration and energy services are delivered nationwide.
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Founded Year | Domain | Location | |
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AI-powered cloud governance and optimization are facilitated across multi-cloud environments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Optio3
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Optio3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Optio3 Comparisons
Competitors of Optio3
Optio3 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Automotive lighting equipment is manufactured by Osram in Germany.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Optio3
Frequently Asked Questions about Optio3
When was Optio3 founded?
Optio3 was founded in 2016.
Where is Optio3 located?
Optio3 is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Optio3 a funded company?
Optio3 is a funded company, having raised a total of $6.37M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $2M, raised on Oct 27, 2016.
What does Optio3 do?
Optio3 helps building managers to monitor and manage connected devices installed in their facilities, including thermostats, light switches and heating and air-conditioning systems. Their IoT based web platform integrates all kind of IoT devices from different manufacturers for intelligent control and monitoring in commercial facilities. Currently, Optio3 is testing its technology in a private beta with colleges, hotels and other buildings in the Greater Seattle and Bay Area. The company hopes to open a wider beta trial in early 2017.
Who are the top competitors of Optio3?
Optio3's top competitors include Particle, Landis+Gyr and Signify.