Ottimate

Don't Just Automate AP. Ottimate It. (Formerly Plate IQ)

General Information
Company Name
Ottimate
Founded Year
2014
Location (Offices)
San Francisco, United States +1
Founders / Decision Makers
Number of Employees
212
Industries
B2B, Fintech
Funding Stage
Series B
Social Media

Ottimate - Company Profile

Plate IQ, now Ottimate, is a leading AP automation AI, offering a smarter approach for AP managers, approvers, controllers, and CFOs to handle the entire invoice lifecycle. With its mature deep learning capabilities, Ottimate customizes approval and payment workflow, eliminating over 90% of the manual accounting process and providing insights into invoices and spend. This helps finance professionals make more strategic business decisions. Established in 2014 and headquartered in the United States, Ottimate recently secured a significant $160.00M Series B investment from FTV Capital on 04 November 2021. As a B2B fintech player, Ottimate aims to revolutionize AP automation with its AI-driven approach.

Taxonomy: AP automation, invoice processing, finance software, accounting automation, data accuracy, spend management, deep learning, business insights, CFO tools, restaurant software

Funding Rounds & Investors of Ottimate (3)

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Funding Stage Amount No. Investors Investors Date
Series B $160.00M 1 04 Nov 2021
Series A $4.00M 6 The Restaurant Group, Tamares 20 Mar 2017
Seed Round $500.00K 3 Cameron Walters, Michael Ducker 08 Aug 2015

Latest News of Ottimate

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