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Thompson Street Capital Partners makes investment in Gurobi Optimization

Gurobi Optimization, LLC (Gurobi), provider of a leading math programming solver, announced that Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has made a significant financial investment in Gurobi to help it to continue its growth as a leader in the rapidly expanding prescriptive analytics space. Terms of the deal were not announced.

Gurobi’s commitment to industry-leading performance, ease of use and customer support have made the Gurobi Optimizer today’s solver of choice for more than 1,500 companies in more than 40 industries. Used in mission-critical applications or as a distributed optimization service, Gurobi allows users to state their toughest business problems as mathematical models, and then automatically considers billions – or even trillions – of possible solutions to find the best one. Thompson Street’s investment allows Gurobi to further accelerate growth while maintaining its focus on customer success.

“We’re very excited about the opportunities that come with working with Thompson Street,” says Ed Rothberg, CEO and co-founder of Gurobi. “This investment gives us access to both the capital and business expertise to stay focused on our users’ needs today while developing the capabilities they will want in the future.”

Craig Albrecht, managing director, TSCP says, “We like to partner with companies that are already industry leaders with proven go-to-market strategies. We are thrilled to partner with Gurobi’s superb leadership team to help them accelerate the company’s already outstanding growth without losing sight of what has made the company so successful.”

Headlines

Using machine learning and optimization to improve refugee integration

Andrew C. Trapp, a professor at the Foisie Business School at Worcester Polytechnic Institute (WPI), received a $320,000 National Science Foundation (NSF) grant to develop a computational tool to help humanitarian aid organizations significantly improve refugees’ chances of successfully resettling and integrating into a new country. Built upon ongoing work with an international team of computer scientists and economists, the tool integrates machine learning and optimization algorithms, along with complex computation of data, to match refugees to communities where they will find appropriate resources, including employment opportunities. Read more →

Gartner releases Healthcare Supply Chain Top 25 rankings

Gartner, Inc. has released its 10th annual Healthcare Supply Chain Top 25 ranking. The rankings recognize organizations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. “Healthcare supply chains today face a multitude of challenges: increasing cost pressures and patient expectations, as well as the need to keep up with rapid technology advancement, to name just a few,” says Stephen Meyer, senior director at Gartner. Read more →

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

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