Optiant obtains funding

    March 1, 2003
    Optiant has secured $10.5 million in its second round of funding. Castile Ventures, a new investor, and Battery Ventures, which also backed Optiants first

    Optiant has secured $10.5 million in its second round of funding. Castile Ventures, a new investor, and Battery Ventures, which also backed Optiant’s first round, participated in the Series B round.

    The investment comes on the heels of a year of milestones for Optiant. Its software, which helps companies manage supply chains as strategic assets, delivers savings within a few months.

    “Optiant has a growing base of satisfied customers and partners, a strong management team and technology innovation,” said Marcia Hooper, partner at Castile. “Its clear and rapid return on investment for manufacturers resonates well, especially in this challenging economy.”