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.”
