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Optoro provides a SaaS returns management platform for retailers and e-commerce. It uses machine learning to decide the best disposition for returned items and routes them to restock, resale on secondary marketplaces, or recycling, through a branded portal, integrations with existing systems, APIs, and a network of over 1,000 drop-off locations. It stands out by offering end-to-end processing, a nationwide logistics network, programmatic routing, and deep integrations, rather than partial solutions. Its goal is to help retailers recover margins, speed up processing, reduce waste, and improve customer experience through reuse and recycling of returned products.
Industries
Data & Analytics
Enterprise Software
Social Impact
AI & Machine Learning
Company Size
51-200
Company Stage
Series E
Total Funding
$292.9M
Headquarters
Washington DC, District of Columbia
Founded
2010
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Total Funding
$292.9M
Meets
Industry Average
Funded Over
9 Rounds
Industry standards
Take time when you need it - We offer flexible paid time off, no matter what. We all work hard to get things done, and we recognize the importance of time out, whether that means climbing the Alps or taking a restful nap at home. Feeling under the weather? Have a little one on the way? We make sure you have paid sick and parental leave, too.
Maintain your wellness - We’re committed to keeping you healthy, in all ways. We offer health, dental, vision, and life insurance to keep you covered. Our bike storage room and monthly commuter stipend make it easy to get to work with no hassle. Don’t forget the building gym, regular yoga sessions, and in-office meditation room, helping you maintain your wellness, both physical and mental.
Share your impact together - Giving back is in our DNA, and we believe all our employees should get involved. From serving at soup kitchens to gardening local food, we pair with local organizations in the community to help others while spending time as a team.
Grow alongside the company - We know our business is nothing without our employees, and we want to invest in you as much as you invest in us. We offer robust stock option plans to demonstrate this commitment. And we allocate professional development budgets and host skills-based seminars—from Excel training to managing up—so you can always keep learning on the job.
Blue Yonder buys Optoro to expand returns processing.
Product returns create friction for consumers, negatively impact profit margins for companies, and result in significant inefficiencies in inventory utilizat...
This consolidated solution integrates Optoro's advanced processing technologies with Blue Yonder's existing suite of returns initiation, decisioning, and kiosk tools.
Blue Yonder, a global leader in digital supply chain transformation, has announced its acquisition of Optoro. This move aims to enhance Blue Yonder's return management solutions, addressing challenges such as consumer dissatisfaction, reduced company margins, and inefficiencies in stock utilization across the supply chain.
"Supply Chain Digital is excited to acquire Optoro to enrich the capabilities available to its customers, allowing them to enhance their ability to manage returns with increased efficiency and effectiveness to meet the needs of consumers.
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Industries
Data & Analytics
Enterprise Software
Social Impact
AI & Machine Learning
Company Size
51-200
Company Stage
Series E
Total Funding
$292.9M
Headquarters
Washington DC, District of Columbia
Founded
2010
Find jobs on Simplify and start your career today