Israeli big data co Optimal+ raises $42m

Israeli manufacturing intelligence firm Optimal+ raised $42 million for its global expansion plans from a growth equity investment led by KKR. The US global investment firm made its commitment alongside the lead investors, Carmel Ventures and Pitango Venture Capital.

Optimal+, founded in 2005 by CEO Dan Glotter, provides actionable business intelligence to clients in the semiconductor industry by employing big data solutions that analyze more than 25 billion chips per year.

“KKR is the perfect partner for Optimal+ as we look to accelerate our global growth and expand the capabilities of our platform beyond semiconductor into the electronics market segment. Our technology delivers huge ROI to customers through increased product yield, higher quality and greater manufacturing efficiency. We are seeing very strong demand for the actionable intelligence that our solutions provide,” said Glotter.

Source: Globes