Solvoyo
2024 Revenue
$12.1M
Funding
$1.3M
YOY
79.1%
Team · 2025
64
Founded
2005
How Solvoyo CEO Koray Dogan grew to $12.1M revenue with a 64 person team in 2024.
Developer of supply chain management software designed to optimize across the entire supply chain's value network. The company's supply chain management software, Solvoyo, integrates operational supply chain decision making in the areas of transportation optimization, production planning, inventory optimization and replenishment planning and provides a flexible optimization platform that spans accross descriptive, diagnostic, predictive and prescriptive analytics, enabling companies to reduce cost, eliminate waste, and enhance customer experience with improved availability and fulfillment metrics.
Last updated
Solvoyo Revenue
In 2024, Solvoyo's revenue reached $12.1M. The company previously reported $6.7M in 2023. Since its launch in 2005, Solvoyo has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Solvoyo Hit $12.1m revenue in October 2024 | |
| 2023 | Solvoyo Hit $6.7m revenue in December 2023 | |
| 2021 | Solvoyo Hit $4.7m revenue in April 2021 | |
| 2005 | Launched with $0 revenue |
Solvoyo Valuation, Funding Rounds
Solvoyo has not publicly disclosed its valuation. The company has raised $1.3M in total funding to date.
Solvoyo has raised $1.3M in total funding across 2 rounds, with its most recent round in 2014.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2014 | Funding round | $1M | - | - | |
| 2013 | Funding round | $250K | - | - |
Founder / CEO
Koray Dogan
CEO
Since 2005, Koray is the founder and chief architect of Solvoyo which is a Boston, MA based software company providing mission critical supply chain optimization services over the internet utilizing cloud technology. Its flagship product "planLM" was developed in a technology park in Istanbul and financed by the Turkish Science Institute (TUBITAK)/EU grants as well as self-funding. planLM increases supply chain efficiency (reduces transportation costs and inventory assets, improves customer service, better utilizes capital intensive assets and increases sales by insuring availability) for distributors, retailers, manufacturing businesses, and logistics providers. Its SaaS sales model continues to be disruptive to the existing supply chain software models that rely on a hefty upfront IT investment. Built with the latest Microsoft.NET technology from ground up, planLM signed its first client in June 2010. Already achieved a proven track record in large-scale implementations at Home Depot, Applied Materials, HP, Alpine in the US and Vestel, G2M, A101, Ekol Logistics, LC Waikiki in Turkey.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Solvoyo yet.
Solvoyo Employees & Team Size
Solvoyo employs approximately 64 people as of 2026, down from 70 in 2024, including 68 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2025 | Reached 64 employees (May 2025) |
| 2024 | Reached 70 employees (December 2024) |
| 2024 | Reached 92 employees (October 2024) |
| 2023 | Reached 92 employees (December 2023) |
| 2022 | Reached 96 employees (December 2022) |
| 2021 | Reached 77 employees (December 2021) |
| 2021 | Reached 68 employees (April 2021) |
Frequently Asked Questions about Solvoyo
What is Solvoyo's revenue?
Solvoyo generates an estimated $12.1M in annual revenue.
Who founded Solvoyo?
Solvoyo was founded by Koray Dogan.
Who is the CEO of Solvoyo?
The CEO of Solvoyo is Koray Dogan.
How much funding does Solvoyo have?
Solvoyo raised $1.3M across 2 rounds.
How many employees does Solvoyo have?
Solvoyo has 64 employees.
Where is Solvoyo headquarters?
Solvoyo is headquartered in Boston, Massachusetts, United States.
Compare Solvoyo to the industry
Solvoyo operates across multiple industries. Browse revenue, funding, and growth data for Solvoyo 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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