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

Ottimate

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

Founded 2014 United States San Francisco, United States 212 employees Series B Total: $164.50M B2B, Fintech

General Information

Company Name Ottimate
Founded Year 2014
Location United States San Francisco, United States
Employees 212
Industries B2B, Fintech
Funding Stage Series B
Social

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About Ottimate

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.

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

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $160.00M 1
FTV Capital
04 Nov 2021
Series A $4.00M 6
CEAS Investments, Y Combinator +4
20 Mar 2017
Seed Round $500.00K 3
Y Combinator, Cameron Walters +1
08 Aug 2015

Ottimate Alternatives & Competitors

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FAQ About Ottimate

Don't Just Automate AP. Ottimate It. (Formerly Plate IQ)
Ottimate was founded in 2014.
Ottimate is headquartered in San Francisco, United States.
Ottimate operates in B2B and Fintech. Its work centres on AP automation, invoice processing, finance software and accounting automation.
Ottimate has approximately 212 employees.
Ottimate has completed 3 funding rounds, raising a total of $164.50M. The latest funding stage is Series B.
Top alternatives and competitors to Ottimate include Order.co, Qvalia, Pluto, Nvoicepay, a FLEETCOR Company, Alaan. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ottimate and Order.co are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Ottimate, https://bouncewatch.com/company/plate-iq, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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