Optio3 develops an Internet of Things (IoT) operating system for digital enterprises. The company offers operational intelligence, predictive maintenance, asset inventory, and maintenance, and more. It was founded in 2016 and is based in Seattle, Washington. In September 2022, Optio3 was acquired by Corestack.
Research containing Optio3
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CB Insights Intelligence Analysts have mentioned Optio3 in 1 CB Insights research brief, most recently on Dec 19, 2022.
Expert Collections containing Optio3
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Optio3 is included in 3 Expert Collections, including Smart Cities.
Grid and Utility
Companies that are developing and implementing new technologies to optimize the grid and utility sector. This includes, but is not limited to, distributed energy resources, infrastructure security, utility asset management, grid inspection, energy efficiency, grid storage, etc.
Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability
Latest Optio3 News
Sep 27, 2022
Optio3’s Technology and Talent Facilitate CoreStack’s Delivery of NextGen Cloud Governance CoreStack, a global multi-cloud governance provider, announced the company’s acquisition of Optio3, an AI-powered operations management company based in Seattle, WA. As a result, CoreStack will acquire 100 percent of Optio3’s technology and IP and will integrate Optio3 team into the CoreStack team. Optio3 Co-founder and CEO Sridhar (Sri) Chandrashekar will be joining the CoreStack leadership team as Chief Digital Officer (CDO). “CoreStack is at an inflection point in its growth curve with a phenomenal pipeline of Fortune 5000 customers” – Sri Chandrashekar, Chief Digital Officer, CoreStack “We’ve been leveraging Optio3’s technology in our platform for 9 months and have had tremendous success with it,” said Ezhilarasan (Ez) Natarajan , CoreStack Founder and CEO. “We now have the opportunity to bring the Optio3 team’s expertise in-house and can further tailor the technology to support our enterprise customers’ needs.” CoreStack helps enterprises unleash the power of cloud on their terms by providing a NextGen multi-cloud governance platform that is Continuous, Holistic, Autonomous, Integrated, and Nimble (CHAIN). This NextGen governance solution enables proactive multi-cloud governance and 360-degree visibility across financial management (FinOps), security operations (SecOps), and cloud operations (CloudOps) in a unified dashboard. The Optio3 acquisition will further facilitate CoreStack’s delivery of these NextGen multi-cloud governance capabilities, bringing their deep industry experience in building scalable SaaS products as well as a proven technology framework that strengthens the platform, automates the cloud infrastructure, and increases the speed of innovation and delivery. “CoreStack is at an inflection point in its growth curve with a phenomenal pipeline of Fortune 5000 customers,” said Sri Chandrashekar, CoreStack’s new CDO. “The Optio3 team is highly specialized in delivering high-scale platforms and SaaS solutions to those enterprise customers. I’m excited that we’re working together to achieve CoreStack’s ambitious vision and product roadmap for NextGen Cloud Governance.” Founded in 2016, CoreStack is a multi-national corporation with headquarters in Bellevue, WA, an engineering Center of Excellence is in Chennai, India, and sales and support personnel located across the globe to ensure seamless support. Since January 2022, CoreStack has hired more than 150 people, won significant deals, and added numerous marquee partners. Booked annual revenues have grown by more than 100%, and customer renewal rates remain at 100%. Annual cloud spend across all customers and partners governed by CoreStack is crossing $2B, and the company has doubled down on partnership engagements with AWS, Azure, Google, and Oracle. “We are thrilled to be bringing Optio3’s technology and team into our family,” said Ez Natarajan. “CoreStack was born with the mission of establishing a robust, NextGen governance layer on top of even the most complex multi-cloud ecosystems. We are now perfectly positioned to offer our customers a highly scalable, manageable, and reliable solution – one that drives digital transformation and delivers next-level performance.” “We are delighted to bring in Optio3’s technology,” said Sabapathy Arumugam, CoreStack Co-Founder and CTO. “CoreStack was born with the mission of establishing a robust, NextGen governance layer on top of even the most complex multi-cloud ecosystems. We are now perfectly positioned to offer our customers a highly scalable, manageable, and reliable solution – one that drives digital transformation and delivers next-level performance.”
Optio3 Frequently Asked Questions (FAQ)
When was Optio3 founded?
Optio3 was founded in 2016.
Where is Optio3's headquarters?
Optio3's headquarters is located at 107 Spring Street, Seattle.
What is Optio3's latest funding round?
Optio3's latest funding round is Acquired.
How much did Optio3 raise?
Optio3 raised a total of $5.42M.
Who are the investors of Optio3?
Investors of Optio3 include Corestack, Cedars-Sinai Accelerator, Paycheck Protection Program, Plug and Play Accelerator and McKinstry.
Who are Optio3's competitors?
Competitors of Optio3 include Bidgely, CPower Energy, PlotWatt, Accruent, Aclara Technologies and 7 more.
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