Ottimate
San Francisco, California, United States
2023 Revenue
$17.6M(Est.)
Customers
20K
Funding
$164.5M
Avg ACV
$881
Team
196
Founded
2014
Ottimate Revenue & Funding (2023)
Ottimate (formerly Plate IQ) is the leading AP automation AI. Ottimate is AP automation AI that provides a smarter way for AP managers, approvers, controllers, and CFOs to work through the entire invoice lifecycle. With mature deep learning capabilities, Ottimate gets to know your business and AP process down to the line-item, supporting a custom approval and payment workflow. Ottimate not only eliminates over 90% of the manual accounting process but also provides insights into invoices and spend, helping finance professionals uncover opportunities for growth. This means more strategic business decisions for CFOs and a better day-to-day for the entire team.
Last updated
Ottimate Revenue
In 2023, Ottimate's revenue reached $17.6M. The company previously reported $9.4M in 2021. Since its launch in 2014, Ottimate has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Ottimate Hit $17.6m revenue in October 2023 | Estimated |
| 2021 | Ottimate Hit $9.4m revenue in January 2021 | |
| 2014 | Launched with $0 revenue |
Ottimate Valuation, Funding Rounds
Ottimate has not publicly disclosed its valuation. The company has raised $164.5M in total funding to date.
Ottimate has raised $164.5M in total funding across 3 rounds, most recently a $160M Series B round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series B | $160M | - | - | |
| 2017 | Series A | $4M | - | - | |
| 2015 | Seed Round | $500K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Ottimate serves 20K customers.
Ottimate Employees & Team Size
Ottimate employs approximately 196 people as of 2026, up from 150 in 2022, including 83 sales reps that carry a quota. It serves 20K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 196 employees (October 2023) | |
| 2023 | Reached 203 employees (September 2023) | |
| 2023 | Reached 165 employees (January 2023) | |
| 2022 | Reached 150 employees (October 2022) | |
| 2022 | Reached 151 employees (January 2022) | |
| 2021 | Reached 126 employees (December 2021) | |
| 2021 | Reached 109 employees (August 2021) | |
| 2021 | Reached 96 employees (January 2021) |
Frequently Asked Questions about Ottimate
What is Ottimate's revenue?
Ottimate generates an estimated $17.6M in annual revenue.
Who is the CEO of Ottimate?
The CEO of Ottimate is Barrett Boston.
How much funding does Ottimate have?
Ottimate raised $164.5M across 3 rounds.
How many employees does Ottimate have?
Ottimate has 196 employees.
Where is Ottimate headquarters?
Ottimate is headquartered in San Francisco, California, United States.
Compare Ottimate to the industry
Ottimate operates across multiple industries. Browse revenue, funding, and growth data for Ottimate in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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