When was Ottimate founded?

Ottimate was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is Ottimate located?

Ottimate is headquartered in San Francisco, United States. It is registered at San Francisco (United States).

How many employees does Ottimate have?

As of Jul 31, 2026, the latest employee count at Ottimate is 270.

Is Ottimate a funded company?

Ottimate is a funded company, having raised a total of $164M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 20, 2015.

When was the latest funding round of Ottimate?

Ottimate's latest funding was a $***** Series B round on Nov 04, 2021, with participation from 1 investor.

Where does Ottimate rank among its competitors?

Ottimate ranks 18th amongst 2539 active competitors, of which 221 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was SynergySuite, which secured $12M in Aug, 2025.

Who are the top competitors of Ottimate?

Ottimate's top competitors include Toast, Olo and AvidXchange. Among them, SynergySuite secured the most recent funding round in August, 2025.

Ottimate - 2026 Company Profile, Team, Funding & Competitors

Ottimate is a series B company based in San Francisco (United States), founded in 2014 by Ram Jayaraman. It operates as a Provider of AI-powered accounts payable automation software for multiple industries. Ottimate has raised $164M in funding from investors like Y Combinator, Tamares and FTV Capital. The company has 2539 active competitors, including 221 funded and 93 that have exited. Its top competitors include companies like Toast, Olo and AvidXchange.

Company Details

Provider of AI-powered accounts payable automation software for multiple industries. The software automates invoice coding, approval workflows, and vendor payments. It offers spend management, purchase order matching, and real-time spend visibility. The platform integrates with accounting systems to streamline accounts payable processes. It also provides tools for compliance and financial reporting.

Website: ottimate.com
Social
Registered Address: San Francisco (United States)

Key Metrics

Founded Year

2014

Location

San Francisco, United States

Stage

Series B

Total Funding

$164M in 3 rounds

Latest Funding Round

Series B, Nov 04, 2021, $*****

Investors

Y Combinator & 8 more

Ranked

18^th among 2539 active competitors

Employee Count

270 as on Jul 31, 2026

Similar Companies

AvidXchange & 463 more

View Ottimate's full profile

Ottimate is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Plate Iq, Inc CIN: 47-1354660 , United States, Active	Dec 31, 2013	-	59 (As on Dec 31, 2021)	-
Qubiqle INC CIN: 20181300630 , United States, Deadpooled	Apr 10, 2018	-	-	-

Ottimate has raised a total funding of $164M over 3 rounds. Its first funding round was on Aug 20, 2015. Its latest funding round was a Series B round on Nov 04, 2021 for $*****. 1 investor participated in its latest round. Ottimate has 9 institutional investors.

Here is the list of recent funding rounds of Ottimate:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 04, 2021	3674629	Series B	6194869	8087544	3535987	5705685
Mar 20, 2017	6053287	Seed	9686677	5305571	7999746	3635332
Aug 20, 2015	9962599	Seed	7443466	2561699	Y Combinator	2167772

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View details of Ottimate's funding rounds and investors

The founders of Ottimate is Ram Jayaraman.

Here are the details of Ottimate's key team members:

Ram Jayaraman: Former Co-Founder of Ottimate and founder of 3 other companies, South Park Commons, Ram Jayaraman - Co-Founder and Plate IQ.

View details of Ottimate's Founder profiles and Board Members

Ottimate's employee count trend

Ottimate has 270 employees as of Jul 26. Here is Ottimate's employee count trend over the years:

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Top competitors of Ottimate include Toast, Olo and AvidXchange. Here is the list of Top 10 competitors of Ottimate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Toast 2011, Boston (United States), Public	Cloud-based point of sale and management system for restaurants	$900M	Tiger Global Management, Bessemer Venture Partners ... & 30 others	82/100
2nd	Olo 2005, New York City (United States), Acquired	Provider of a platform for restaurant brands to manage digital operations	$73.6M	Tiger Global Management, PayPal & 10 others	80/100
3rd	AvidXchange 2000, Charlotte (United States), Acquired	Accounts payable and payment automation solution for businesses	$1.18B	Sixth Street, Mastercard & 31 others	73/100
4th	Paytronix 2001, Newton (United States), Acquired	Provider of digital guest engagement platform for restaurants and c-stores	$75M	Great Hill Partners, SVB & 1 others	71/100
5th	Foodics 2014, Riyadh (Saudi Arabia), Series C	Cloud-based POS and restaurant management system for efficient operations	$198M	Sanabil, Raed Ventures & 15 others	70/100
6th	TouchBistro 2010, Toronto (Canada), Acquired	Cloud-based POS and restaurant management system	$321M	Kensington Capital Partners, Relay Ventures ... & 21 others	69/100
7th	Odeko 2019, New York City (United States), Series E	Provider of online ordering solution for coffee businesses	$296M	B Capital, Notable Capital & 29 others	69/100
8th	Konfío 2014, Miguel Hidalgo (Mexico), Series E	Financial solutions platform provider	$378M	Vostok Emerging Finance, QED Investors & 22 others	67/100
9th	SynergySuite 2011, Dublin (Ireland), Series B	AI-powered restaurant management software for streamlined operations and increased profitability	$28.6M	First Analysis, Oyster Capital Partners & 16 others	65/100
10th	RapidClaims 2023, Manhattan (United States), Series A	Provider of AI-powered platform for revenue cycle management and intelligence	$11.1M	Accel, Together & 13 others	65/100
18th	Ottimate 2014, San Francisco (United States), Series B	Provider of AI-powered accounts payable automation software for multiple industries	$164M	500 Global, Y Combinator & 7 others	62/100