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Octavic company logo


Founded Year



Grant | Alive

Total Raised


Last Raised

$800K | 1 yr ago

About Octavic

Octavic provides flexible Industry 4.0 solutions for solving manufacturing challenges. Its technology provides a complete solution for optimizing production. Its services include the gathering of real-time data from machines and people knowledge, production optimization based on data, and real-time data in a format relevant for each level in the organization. Octavic is a SaaS company that serves companies in Romania. It was founded in 2016 and is based in Oradea Romania.

Headquarters Location



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Latest Octavic News

OCTAVIC expanded into new industries and increased company turnover by 60% in 2022

May 19, 2023

OCTAVIC, provider of digital solutions for factory performance, announces a 50% increase in profit in 2022 and a 60% increase in the company’s business, to EUR 265 thousand. OCTAVIC managed to enrich its client portfolio with brands such as Philips, CIE Golde and Solid Food, and also supplemented the international business units in terms of collaboration with Zentiva, Avril Expur and Gedeon Richter. In 2022, the company’s revenues summed up to almost EUR 600 thousand, increasing by 140% y2y. The revenues consist of organic results – generated by accessing new industry verticals – and European financing. “We managed to expand into the wood and food & beverage industry last year, and we consolidated our footprint in the pharma field by deploying into more business units of our customers in Romania and Hungary. We have practically doubled the number of clients, which also indicates a greater openness of the manufacturing industry to the desire to digitize factories and, as a result, increase the business’ sustainability score“, Paul Harfaș, co-founder of OCTAVIC says. In terms of human resources, the company strengthened the project management and customer success departments last year, but is still looking to recruit specialists, including software developers. Octavic emphasizes workplace specialization and access to international know-how and industry technologies. It is difficult to find candidates with the right profile, because most prefer jobs in large outsourcing companies. Life in a dynamic start-up is more challenging, as the market is also more reactive to socio-economic events. For example, factory managers who fear a potential recession are waiting for PNRR funding to go digital; this leads to some industry stagnation in 2023, thus the pressure on suppliers increases. However, thanks to the experience gained after obtaining the grants, we have also expanded our service offering, in the sense that we can now help potential clients through specialized partners to draw up financing applications“, Paul Harfaș adds. Read more about In 2022, the company won a new European grant, Better Factory, which helped the business reach EUR 1 million in community funding. It involves a consortium consisting of factory, tech supplier and artist to bring cross-domain improvements in manufacturing. The funding of EUR 200 thousand, out of the total EUR 300 thousand of the project, will be used for the implementation of a 3D Digital Twin system in the metalworking industry, to help the industrial partner of the project to gain operational visibility. In 2023, OCTAVIC aims to increase the number of partnerships with companies that provide consulting for process improvement in the manufacturing industry, both in Western Europe and in the United States. The company’s founders are also working on the go-to-market strategy for the Middle East, Western Europe and South America.

Octavic Frequently Asked Questions (FAQ)

  • When was Octavic founded?

    Octavic was founded in 2016.

  • Where is Octavic's headquarters?

    Octavic's headquarters is located at Oradea.

  • What is Octavic's latest funding round?

    Octavic's latest funding round is Grant.

  • How much did Octavic raise?

    Octavic raised a total of $800K.

  • Who are the investors of Octavic?

    Investors of Octavic include Innovation Norway, Horizon 2020, Sensative and EFPF.

  • Who are Octavic's competitors?

    Competitors of Octavic include Data Inventions and 4 more.

Compare Octavic to Competitors

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IndustrialML operates as an enterprise software company. It collects, cleans, and curates factory sensor and enterprise information technology (IT) data, enabling proprietary machine-learning (ML) platforms to optimize factory productivity. The company was founded in 2018 and is based in Cambridge, Massachusetts.

DataProphet Logo

DataProphet specializes in optimizing the manufacturing processes of key industrial verticals with machine learning. Its solutions enable manufacturers to augment their data infrastructure and bring data from where they’ve been using it for compliance in the manufacturing space to a point where they can use it for optimization. The firm was founded in 2014 and is based in Cape Town, South Africa.

Worximity Technologies

Worximity Technologies develops connectivity solutions for factory managers and team members to monitor production in real-time. The company leverages smart sensors to collect data that send it to a mobile application, a real-time dashboard compiling data from a range of industrial equipment. Ongoing production monitoring and alerts created according to the client's standards guarantee that downtimes and decreases in production rates can be addressed immediately. It serves clients operating in the manufacturing industry. The company was founded in 2011 and is based in Montreal, Quebec.


TwinThread is a digital performance platform that brings together process users, equipment users, and data users to create, validate, and monetize Industrial Internet applications. The company was founded in 2016 and is based in Charlottesville, Virginia.

Vorne Industries

Vorne Industries designs and manufactures a line of assembly-line efficiency-monitoring systems for factories.

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