# Optimal Technology Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/optimal-technology-solutions

- Industry: Software
- Headquarters: Riyadh, Saudi Arabia
- Website: www.unifonic.com
- Total disclosed funding: $146M
- Latest round: Series B (Sep 15, 2021)
- Investors on record: 8

## About

Founded in 2006 and based in Riyadh, Saudi Arabia, Optimal Technology Solutions LLC, trading under the name Unifonic Inc., provides cloud communication solutions, enabling SMS, voice, phone number verification, and real-time roaming detection services. The company was founded by Ahmed Hamdan (CEO) and Hassan Hamdan (CTO), and as of September 2021, Unifonic also operates in Pakistan, Jordan, and the UAE. In September 2021, the company received USD 125 million in series B from Softbank and Sanabil.
 
The company offers business customers cloud-based communication tools and allows for the integration of text and voice-based solutions via an API platform. The technology integrates cloud-based software, phone APIs, and real-time data intelligence to eliminate the need for hardware infrastructure. It operates a customer engagement platform that offers communication channels, messaging apps, and chatbots intended to help companies communicate with their customers and enable them to sustain positive feedback from the clients.
 
Optimal Technology Solutions LLC plans to utilize the series B funding to expand its market in the Middle East and into Asia and Africa, and will also look at acquisitions in those regions.

## Funding rounds

- Series B, Sep 15, 2021, $125M — SB Investment Advisers, Saudi Venture Capital Company, Sanabil Investments
- Series A, Oct 17, 2018, $21M — Endeavor Catalyst, Riyad Capital, RAED Ventures, STV, Elm Company

## Investors

- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Riyad Capital (https://capitalatlas.ai/funds/riyad-capital) — Series A
- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Series A
- STV (https://capitalatlas.ai/funds/stv) — Series A
- Elm Company (https://capitalatlas.ai/funds/elm-company) — Series A
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series B
- Saudi Venture Capital Company (https://capitalatlas.ai/funds/saudi-venture-capital-company) — Series B
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Series B