Ottimate
Ottimate sells AI software that automates accounts payable processes for finance teams. The company has raised $165 million, including a Series B in late 2021, and employs 269 people.
The growth story
Ottimate grew from 111 to 269 employees between 2021 and 2026, raising $165M along the way, most recently a Series B in November 2021.
About
Ottimate's software uses deep learning AI to automate invoice processing, fraud detection, and payment workflows for finance departments. The product aims to reduce costs and improve cash flow management for its customers.
The company has scaled to 269 employees since its 2014 founding. Its $165 million in funding includes a Series B round led by FTV Capital and Initialized Capital in late 2021.
Founders and leadership
Engineering is Ottimate's largest department with 48 staff. The company has a median employee tenure of 2 years, suggesting moderate turnover.
The Ottimate org chart
Shawn Lane (Chief Executive Officer) leads 60 mapped leaders with 13 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 63 (+13% YoY), Sales 56 (-7% YoY), Customer Success and Support 31 (+7% YoY), Operations 19 (+27% YoY), Product Management 18 (-5% YoY), Business Development 14 (+8% YoY).
Talent flow
Ottimate recruits heavily from Tata Consultancy Services, Hewlett Packard Enterprise, and Hyland. Alumni frequently move to Loop AI, HealthKey, and Restaurant365.
Most common previous employers of Ottimate staff: Tata Consultancy Services (7), Hewlett Packard Enterprise (5), Hyland (5), Amazon (5), Uberflip | A PathFactory Company (4), Visible Alpha (4). Former Ottimate employees most often moved to Loop AI (15), HealthKey (YC W25) (4), Restaurant365 (3), Fortis (3), Alloyed (2), Lula (2).
Alumni worth knowing
The Ottimate mafia
Ottimate alumni have founded at least 4 companies, including PyjamaHR (23 staff) and HealthKey (10 staff).
4Harpreet Singh, was Senior Technical Consultant until 2018Josh Sabol, was Senior Product Manager until 2021Bill Lindsey, was Strategic Advisor until 2018Michael Durazzo, was Sales Development Representative until 2020Hiring now
Web traffic
Traffic mix: 50% direct, 33% search, 0% social, 0% paid.
What this company is made of
Most common skills at Ottimate: Customer Service (92), Leadership (83), Microsoft Office (81), Communication (79), Microsoft Excel (69), Sales (66), Project Management (65), Management (63).
Where the team actually sits
Ottimate people are concentrated in Karnataka, India (27), Florida, United States (24), Jalisco, Mexico (10), Chihuahua, Mexico (10).
Search footprint
Ottimate attracts about 1,176 organic search visits a month, traffic worth roughly $19K a month if bought through ads. It gained 556 ranking keywords and lost 291 in the last period.
What employees say
- Compensation
- 3.30 / 5
- Career opportunities
- 3.20 / 5
- Senior management
- 3.00 / 5
- Work-life balance
- 3.60 / 5
Frequently asked
Ottimate has 269 employees as of September 2026.
Ottimate has raised $165M in total, most recently a Series B round in November 2021.
Shawn Lane (Chief Executive Officer) sits at the top of Ottimate's reporting structure, with 13 direct reports.
The most common previous employers of current Ottimate staff are Tata Consultancy Services (7 people), Hewlett Packard Enterprise (5 people), Hyland (5 people).
Former Ottimate employees most often move to Loop AI (15), HealthKey (YC W25) (4), Restaurant365 (3).
At least 4 companies have a founder who previously worked at Ottimate, including PyjamaHR, HealthKey (YC W25), COGS-Well.
Ottimate attracts about 1,176 organic search visits a month, worth roughly $19K a month in equivalent ad spend.
The most common skills among Ottimate staff are Customer Service, Leadership, Microsoft Office, Communication, Microsoft Excel.
Ottimate staff are concentrated in Karnataka, India (27), Florida, United States (24), Jalisco, Mexico (10).
Ottimate has about 63 people in Engineering, up 13% over the past year, as of September 2026.
Ottimate has about 56 people in Sales, down 7% over the past year, as of September 2026.
Computed from 216 current and 254 former Ottimate profiles, as of September 2026. Source: Crustdata.
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