Nextmv Company Profile

Background

Company Overview

Nextmv, pronounced "next move," is a globally distributed startup founded in 2019. The company specializes in providing a DecisionOps platform that enables developers to automate and optimize decision-making processes within applications.

Mission and Vision

Nextmv aims to democratize decision science by delivering the power of optimization and automation to every developer. The company's vision is to bridge the gap between data science and operations, offering tools that not only analyze data but also provide actionable solutions.

Industry Significance

Operating within the business and productivity software industry, Nextmv addresses the complex challenges of decision automation and optimization. Its platform is particularly significant for sectors requiring efficient logistics, scheduling, and resource allocation, thereby enhancing operational efficiency and scalability.

Key Strategic Focus

Core Objectives

Nextmv's primary objective is to simplify and accelerate the development, testing, deployment, and management of decision models. By providing a comprehensive DecisionOps workflow, the company empowers developers to create scalable, custom decision services with unique API endpoints.

Areas of Specialization

The company specializes in:

Vehicle Routing: Optimizing routes for meal delivery, people transport, e-commerce, and more.

Shift Scheduling: Efficient scheduling for sectors like healthcare, education, and warehousing.

Price Optimization: Maximizing returns while accounting for costs and minimizing waste.

Key Technologies Utilized

Nextmv's platform integrates with popular solvers and modeling solutions, offering tools for deployment, testing, continuous integration/continuous deployment (CI/CD), collaboration, and management of decision models.

Primary Markets Targeted

The platform is designed for developers and organizations across various industries that require decision automation, including logistics, transportation, e-commerce, and supply chain management.

Financials and Funding

Funding History

Seed Round (May 2020): Raised $2.7 million led by FirstMark Capital and Dynamo Ventures.

Series A (February 2021): Secured $8 million led by FirstMark Capital, with participation from GitHub CTO Jason Warner, Seamless founder Jason Finger, Stripe COO Claire Johnson, and others.

Total Funds Raised

As of the latest funding round, Nextmv has raised a total of $11.5 million.

Notable Investors

Investors include FirstMark Capital, Dynamo Ventures, 2048 Ventures, Atypical Ventures, GreenHawk Capital, and individual investors from leading tech companies.

Utilization of Capital

The funds have been allocated towards:

Expanding the team to enhance product development and support.

Developing Nextmv Cloud to increase accessibility for developers.

Building a content arm to assist users in exploring the software.

Technological Platform and Innovation

Proprietary Technologies

Nextmv offers a DecisionOps platform that accelerates optimization AI teams with tools for deployment, testing, CI/CD, collaboration, and management of decision models.

Significant Scientific Methods

The platform integrates with popular solvers and modeling solutions, enabling developers to create scalable, custom decision services complete with unique API endpoints.

Leadership Team

Carolyn Mooney – CEO

Carolyn has a background in systems engineering and analysis, having worked at Lockheed Martin and Grubhub, where she led the Systems Engineering team. She co-founded Nextmv to bring decision science tools to developers.

Ryan O’Neil – CTO

Ryan is an expert in optimization AI, with experience leading Decision Engineering departments at Zoomer and Grubhub. He co-founded Nextmv to simplify decision model development for developers.

Competitor Profile

Market Insights and Dynamics

The decision automation and optimization market is experiencing significant growth, driven by the increasing need for efficient logistics, scheduling, and resource allocation across various industries.

Competitor Analysis

Key competitors include:

ACO Informatica: Provides software solutions to the logistics industry.

Obuu: Offers logistics intelligence software solutions.

Shipwell: Provides a transportation management system platform.

Edgistify: Offers a tech-enabled platform for multiple logistics requirements.

Strategic Collaborations and Partnerships

Nextmv has integrated with Onfleet to enhance route optimization capabilities, providing value to existing Onfleet customers.

Operational Insights

Strategic Considerations

Nextmv differentiates itself by offering a developer-friendly platform that simplifies the creation and management of decision models, reducing the need for specialized operations research expertise.

Competitive Advantages

Developer Accessibility: Enables developers to build, test, and deploy decision models without extensive operations research knowledge.

Integration Capabilities: Supports integration with popular solvers and modeling tools.

Comprehensive Toolset: Provides a full suite of tools for the entire decision model lifecycle, from development to deployment and management.

Strategic Opportunities and Future Directions

Strategic Roadmap

Nextmv plans to:

Expand its platform to support additional verticals beyond logistics and delivery.

Enhance the Nextmv Cloud platform to further simplify decision model development for developers.

Build a community around decision science to foster collaboration and knowledge sharing.

Opportunities for Expansion

By continuing to simplify decision model development and expanding into new industries, Nextmv aims to become a leading provider of DecisionOps platforms across various sectors.

Positioning for Future Objectives

Leveraging its strong foundation in decision science and developer-friendly tools, Nextmv is well-positioned to capitalize on the growing demand for decision automation and optimization solutions.