Octeract is a company that develops mathematical optimization software to solve global large-scale problems for organizations. It was established in 2017 by Gabriel Lau and Nikos Kazazakis. Octeract aims to help companies with computational resources in solving optimization problems more efficiently. The company is based in London, United Kingdom.
Octeract provides a service to companies in the form of developing software that uses deterministic global optimization methods and natural language processing to solve problems that its clients face. Some of the applications that Octeract has developed include Octeract DGO engine and Octeract Hypercube. Octeract DGO engine is an optimization engine that is used to find solutions to general non-linear mathematical problems. Octeract Hypercube acts as its front-end, allowing users to input English commands to the application which would then be automatically translated into mathematical equations.
Since its founding year, the company has received a funding total of $133,000 from one lead investor, Force Over Mass Capital during its seed-stage funding round.