About Optym
Optym is a company based in Dallas (United States) founded in 2000 by Ravi Ahuja. It operates as a SaaS (Software-as-a-Service). The company has 174 employees as of April 03, 2024. Optym offers products and services including Spot Match, Dispatch CoPilot, Route Forge, and Consolidation. Optym operates in a competitive market with competitors including Freight Tiger, Logospot, Transporeon, Shipwell and 3GTMS, among others.
- Headquarter Dallas, United States
- Employees 174 as on 03 Apr, 2024
- Founders Ravi Ahuja
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Optym India Private Limited
- Date of Incorporation 04 Jan, 2013
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.32 M (USD)40.49as on Mar 31, 2023
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Net Profit
$727.53 K (USD)66.19as on Mar 31, 2023
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EBITDA
$1.1 M (USD)54.13as on Mar 31, 2023
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Latest Funding Round
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Investors
Plug and Play Tech Center
& 2 more
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Employee Count
174
as on Apr 03, 2024
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Products & Services of Optym
Optym offers a comprehensive portfolio of products and services, including Spot Match, Dispatch CoPilot, Route Forge, and Consolidation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Spot opportunities are surfaced based on capacity and targets.
Live operations are monitored with real-time disruption adjustments.
Multi-day tours are built for delivery and driver needs.
Partial loads are combined into efficient multi-stop driver routes.
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Funding Insights of Optym
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(11 Aug 2004)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Unspecified - Optym | Valuation | Venture 53 |
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| Jun, 2018 | Amount | Unspecified - Optym | Valuation | Plug and Play Tech Center |
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| Apr, 2007 | Amount | Grant - Optym | Valuation |
investors |
| 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 Optym
Optym has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, Venture 53 and National Science Foundation. 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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Venture 53 is focused on supply chain and logistics investments.
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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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 Optym
| 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 - Optym
| 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 |
Optym Comparisons
Competitors of Optym
Optym 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 Freight Tiger, Logospot, Transporeon, Shipwell and 3GTMS, 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 |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
Cloud-based transport management solutions are provided for logistics enterprises.
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| domain | founded_year | HQ Location |
Online booking platform for freight transportation
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| domain | founded_year | HQ Location |
Transportation management systems are provided for third-party logistics firms.
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| domain | founded_year | HQ Location |
Cloud-based transportation management systems are provided for multimodal logistics.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Optym
Frequently Asked Questions about Optym
When was Optym founded?
Optym was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Where is Optym located?
Optym is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
How many employees does Optym have?
As of Apr 03, 2024, the latest employee count at Optym is 174.
What is the annual revenue of Optym?
Annual revenue of Optym is $8.32M as on Mar 31, 2023.
What does Optym do?
Transportation optimization software is developed by Optym to enhance efficiency in freight and logistics sectors. Solutions are offered for full truckload, less-than-truckload, rail, and air transport. Network design, intelligent planning, and real-time execution are supported through AI-powered tools. Operations across truckload, pickup delivery, and rail networks are improved with decision intelligence. Key challenges like routing, scheduling, and load consolidation are addressed to reduce costs and increase throughput. Industry expertise is combined with advanced technology to serve diverse transportation modes.
Who are the top competitors of Optym?
Optym's top competitors include Freight Tiger, Descartes and Shipwell.
What products or services does Optym offer?
Optym offers Spot Match, Dispatch CoPilot, Route Forge, and Consolidation.
Who are Optym's investors?
Optym has 3 investors. Key investors include Plug and Play Tech Center, Venture 53, and National Science Foundation.
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