Optio3
- Company typePrivate
- Founded2016
- HeadquartersSeattle, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Optio3 does
Optio3 is a Seattle-based, privately held cloud software company founded in 2016 that provides 360-degree visibility of connected IoT devices and systems within facilities. The stated product positioning targets facility operators who need a unified view across disparate building systems and devices, suggesting a horizontal platform that aggregates device telemetry and operational data. Co-founders Sridhar Chandrashekar (CEO) and Mohan Thimmappa (Head of Product) lead the company, supported by a CFO (Brian Hilgendorf) and VP of Sales (Joe Barrett).
The company has raised approximately $4.5M across two disclosed funding rounds: a $2M round in October 2016 and a $2.5M strategic round in July 2018 led by McKinstry, a major facility-services and energy-services firm. The McKinstry relationship is the most material signal of Optio3's go-to-market: McKinstry functions as both investor and likely anchor distribution partner into large-scale commercial facility customers. Headcount is reported at 1-10 employees, indicating a very small operating team with no public signals of expansion beyond the 2018 round.
The business model is consistent with a B2B SaaS model serving enterprise facility operators, though no pricing, customer count, or revenue data is disclosed. With no follow-on funding visible after 2018, no public product launch cadence, and a lean team, the available evidence suggests a constrained, early-stage commercial footprint rather than scale.
Optio3 firmographics
Firmographics- Name
- Optio3
- Website
- https://optio3.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Optio3 industry classification
Industry- Product category
- IoT Facility Management Software
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)
- akta.pro secondary industries
- Endpoint & Device Management (UEM/MDM) Services (BPAEABAF), Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions) (HDABAAAL)
Keywords
Where Optio3 is headquartered
LocationHeadquarters
- HQ city
- Seattle
- HQ country
- United States
- HQ region
- North America
Markets served
Optio3 business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Optio3 product offering
Product offeringCore offering
Optio3 is a cloud-based software firm that delivers complete, 360-degree visibility into all connected IoT devices and systems operating within any facility. The platform aggregates and monitors disparate building-level IoT endpoints so facility operators can see, manage, and act on data from a single software layer.
Differentiator
Problem solved
Functional benefit
Products and services
- Optio3 IoT Visibility Platform
Companies that use Optio3
Customer profileIdeal customer profiles1 record
Optio3 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Optio3 partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights3 records
Optio3 competitors and assessment
Company assessmentBroad incumbents
- Samsara: Public IoT-operations platform providing visibility across connected equipment (cameras, sensors, vehicles, facility assets). Comparable to Optio3 because both deliver cloud-based visibility across dispersed IoT endpoints, though Samsara is much broader and far larger.
- ServiceNow IT Asset Management / CMDB: Enterprise ITSM platform with a module for IT asset management, CMDB, and increasingly IoT-connected asset visibility. Comparable to Optio3 because both address endpoint/device inventory and connected-asset visibility inside facilities.
- Microsoft Azure IoT Hub / IoT Central: Hyperscaler platform services for connecting, monitoring, and managing IoT devices at scale. Comparable to Optio3 because enterprises evaluating Optio3's IoT-visibility layer will often weigh it against an Azure-based DIY stack.
- AWS IoT Core / AWS IoT FleetWise: Amazon's managed IoT connectivity, device management, and fleet services. Comparable to Optio3 in that customers looking for 'IoT device visibility' frequently compare a focused SaaS vendor against native AWS IoT services.
- IBM Maximo Application Suite: Enterprise asset management and IoT monitoring suite used in facilities, manufacturing, and utilities. Comparable to Optio3 where both pursue connected-asset visibility inside facilities, though Maximo is far broader and on-prem-legacy rooted.
- Cisco IoT / Cisco Spaces: Enterprise networking and IoT portfolio providing connected-device management, asset tracking and facility analytics. Comparable to Optio3 in the facility-IoT visibility category, with overlapping buyer profiles (IT/OT, facilities).
Direct peers
- Losant: Cloud IoT platform offering device-management, visualization, and workflow orchestration for connected device fleets. Closely comparable to Optio3 in that both sell cloud-based IoT monitoring/management tools to enterprises managing large numbers of connected devices.
- Particle (particle.io): IoT platform providing device cloud, connectivity, and fleet management tools (Device OS, Console). Comparable to Optio3 because both target the same problem of managing and gaining visibility into IoT device fleets via a cloud-managed console.
Emerging players
- MachineMetrics: Cloud-based platform that connects, monitors, and analyzes industrial machines in real time for manufacturing environments. Comparable to Optio3 in form factor (cloud IoT-visibility SaaS for connected devices inside a physical facility).
- Ubisense (now part of Humatics): Provider of real-time location and IoT asset-tracking infrastructure for industrial and facility environments. Compares to Optio3 where both deliver location/IoT asset visibility inside facilities as a software-driven service.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Optio3 social profiles
Digital presenceOptio3 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Optio3 leadership team
Management profileNumber of profiles
Profiles4 records
Optio3 funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Optio3 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Optio3
What does Optio3 do?
Optio3 is a cloud-based software firm that delivers complete, 360-degree visibility into all connected IoT devices and systems operating within any facility. The platform aggregates and monitors disparate building-level IoT endpoints so facility operators can see, manage, and act on data from a single software layer.
Is Optio3 a public or private company?
Optio3 is a private company. It is classified as venture growth investor backed and is currently operating.
When was Optio3 founded?
Optio3 was founded in 2016. It employs 1 to 10 people.
Where is Optio3 based?
Optio3 is headquartered in Seattle, United States, in the North America region.
Who are Optio3's main competitors?
Broad incumbents on record are Samsara, ServiceNow IT Asset Management / CMDB, Microsoft Azure IoT Hub / IoT Central, AWS IoT Core / AWS IoT FleetWise, IBM Maximo Application Suite and Cisco IoT / Cisco Spaces. Direct peers are Losant and Particle (particle.io). Emerging players are MachineMetrics and Ubisense (now part of Humatics).
Does Optio3 have an API?
No public API is recorded for Optio3.
What industry is Optio3 in?
Optio3's product category is IoT Facility Management Software. Its primary akta.pro industry code is BPAEAOAI, Endpoint & Mobile Asset Management (UEM/MDM Asset Controls), with a secondary code of BPAEABAF, Endpoint & Device Management (UEM/MDM) Services. Its NAICS code is 54151 and its SIC code is 7373.