# Concertio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/concertio

- Industry: Software
- Headquarters: New York, US
- Website: www.concertio.com
- Total disclosed funding: $4.2M
- Latest round: Seed (Apr 2, 2020)
- Investors on record: 5

## About

Concertio Inc. specializes in performance optimization software, delivering solutions that enhance compute system efficiency in real-time. The company harnesses AI-driven technology to optimize resources for various industries including cloud services, automotive, and industrial applications.Founded in 2016, Concertio Inc. operates out of New York, US, focusing on performance optimization software. The company has engaged in 4 deals, with the latest being its acquisition by Synopsys, Inc. on November 1, 2021. Founders Andrey Gelman and Tomer Morad lead the organization, with Tomer Morad serving as CEO. Concertio has successfully raised USD 4.20 mn through a SEED round led by Differential Ventures, alongside other investors such as New York Ventures and NextLeap Ventures.Concertio Inc. offers performance optimization solutions through its core products, Optimizer Runtime and Optimizer Studio. These tools utilize AI-powered autonomous agents to perform both dynamic and static optimization, continuously monitoring application interactions within system environments. They address the increasing demand for compute resources across sectors like aerospace, healthcare, and automotive, notably in North America, Europe, and Asia.The company operates a subscription-based revenue model, providing clients access to its performance optimization tools on a B2B basis. Clients typically engage in multi-year contracts, granting them unlimited access to EDA software licenses and updates. Optimizer Runtime and Optimizer Studio contribute significantly to revenue, supported by annual contracts that include service enhancements and ongoing support tailored to optimize semiconductor designs and operational efficiency.Following its acquisition by Synopsys, Inc., Concertio Inc. aims to leverage additional resources for product development and market expansion. Plans include the launch of new optimization solutions, with specific timelines for upcoming products to be determined. The company is also targeting expansion into new geographic markets, particularly in Europe and Asia, to further its reach in the technology sector. The recent SEED funding of USD 4.20 mn will support these initiatives, focusing on enhancing product capabilities and facilitating entry into these new regions.

## Funding rounds

- Seed, Apr 2, 2020, $4.2M — New York Ventures, Differential Ventures, NextLeap Ventures
- Seed, Aug 7, 2019 — Plug and Play, New York Ventures, Differential Ventures, NextLeap Ventures
- Seed, Jan 1, 2017 — BR Venture Fund

## Investors

- BR Venture Fund (https://capitalatlas.ai/funds/br-venture-fund) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- New York Ventures (https://capitalatlas.ai/funds/new-york-ventures) — Seed
- Differential Ventures (https://capitalatlas.ai/funds/differential-ventures) — Seed
- NextLeap Ventures (https://capitalatlas.ai/funds/nextleap-ventures) — Seed