Fundraising Fox

Operand

YC W25

San Francisco, US Β· Founded 2024 Β· 8 employees Β· 3 known investors

operand.com β†—

Operand provides private-markets intelligence for private equity firms, supporting commercial due diligence through post-close value creation across the deal lifecycle. The company also develops AI research, including Operand Quant, a single-agent architecture for autonomous machine learning engineering.

Also known as Operand Inc.

AI & Machine LearningEnterprise SoftwareFintechUnited States of AmericaAmerica / Canada

Founders & leadershipΒ· Y Combinator alumni (W25)

Operand was founded in 2024 by Ram Gorthi, Akhil Iyengar, and Arjun Sahney.

RGRam Gorthi
Ram Gorthiin𝕏Co-founder Β· -Ram Gorthi studied mathematics and computer science at Dartmouth.
AIAkhil Iyengar
Akhil Iyengarin𝕏Co-Founder, COOAkhil Iyengar studied computer science and economics at Cornell before leaving to build Operand.
ASArjun Sahney
Arjun SahneyinCo-Founder, CTO

Investors Β· 3

Also in the syndicate Β· 1

Ali Rowghani

Company profile

researched Aug 2026

Operand is a San Francisco-based company founded in 2024 that builds AI systems intended to substitute for traditional management consulting. Its platform connects to a company's data across multiple sources β€” sales, inventory, competitor pricing, advertising spend and other systems β€” and answers business questions submitted through Slack, email or a dashboard, returning analysis, forecasts and recommended next steps rather than periodic reports. Public descriptions of the product emphasize that outputs are verified by human experts, including former MBB (top-tier strategy consulting) staff.

The company's first commercial capability is pricing and discount strategy for e-commerce and retail brands, a segment it says it chose for high data density and fast feedback loops. Additional capabilities described publicly include ad spend management aimed at improving return on ad spend and customer engagement/targeting. Third-party profiles also describe broader analytics applications such as demand forecasting, customer segmentation, churn prediction and marketing mix modeling, and note relevance to private equity portfolio optimization. Sources characterize the company variously as an "AI-enabled consulting firm for consumer retail" and as an AI platform vendor.

Operand participated in Y Combinator's Winter 2025 batch and reported a team size of eight. Leadership is described as Ram Gorthi (CEO), Arjun Sahney (CTO) and Akhil Iyengar (COO); YC lists Gorthi as a Dartmouth mathematics and computer science background and Iyengar as a Cornell dropout who studied CS and economics.

Founding story

Operand was founded in 2024 by Ram Gorthi, Arjun Sahney and Akhil Iyengar. One third-party profile states the founders are engineers and AI specialists rather than career consultants, and that the company was formed on the premise that report-and-billable-hour consulting models are displaced by AI systems capable of continuous, data-driven analysis; that same profile says early traction came from consumer brands and private equity firms.

Business model

Operand sells AI-driven analysis and recommendations to businesses as a substitute for consulting engagements. One third-party profile states that compensation is value-based and tied to measurable business outcomes rather than billable hours or project milestones, and that the company extends its responsibility to implementation and results; this compensation detail is reported by a single aggregator and is not corroborated elsewhere in the available sources.

Sources describe an outcome- or value-based commercial model tied to measurable client results rather than hourly billing, but no pricing, contract structure or revenue figures are disclosed in the available material.

Traction

Company materials state 6-figure P&L improvements for early customers and reference 3x conversion rate improvements from its customer engagement capability. Lighthouse Marine Supply is cited as a customer. Team size is reported at eight. Total disclosed funding across two rounds is $3.5M per one aggregator, while the May 2025 round alone is reported at $3.1M.

Latest developments

The most recent documented event is the May 2025 seed round of $3.1M, intended to fund operations expansion and product development. Publicly announced product roadmap items at that time were ad spend management and customer engagement capabilities beyond the initial pricing and discount strategy product.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Operand positions itself explicitly against incumbent strategy consulting firms, framing its launch as "an AI to kill McKinsey." It is an early-stage entrant among AI-native firms targeting the consulting and enterprise analytics markets, differentiated in public materials by continuous rather than episodic delivery and by human expert verification.

Stated differentiators include: continuous, real-time analysis instead of static slide decks and periodic reports; direct integration with a client's full data ecosystem; verification of every AI output by human experts including ex-MBB consultants; value-based compensation aligned to client outcomes; and accountability extending through implementation. These claims originate from the company's own launch materials and aggregator summaries.

Technology

The product combines large-model AI agents with real-time integration into client data sources. Public descriptions reference reasoning traces paired with live data integration, direct connection to company data systems, and automation of data preparation, feature engineering, model training and iterative optimization. Human expert review β€” including by former MBB consultants β€” is applied to outputs before delivery.

Go-to-market

Go-to-market is direct and founder-led, with demo bookings via a public scheduling link, a launch video, and distribution of the YC launch post. The product is delivered through channels clients already use, including Slack, email and a web dashboard. The Y Combinator Winter 2025 batch provided an initial launch platform and investor network.

Initial focus is consumer retail and e-commerce brands and retailers. Broader third-party descriptions also reference consumer brands, enterprises including Fortune 500 companies, and private equity firms seeking to insource analytical expertise. A named early customer is Lighthouse Marine Supply.

Geography

Headquartered in San Francisco, California, United States; no other offices or markets are identified in the sources.

History

Founded in 2024 in San Francisco. The company launched publicly through Y Combinator's Winter 2025 batch, with a launch post titled "Operand - An AI to Kill McKinsey" dated February 2025. An aggregator records a $500K seed round announced in March 2025 with Pioneer Fund. In May 2025 Operand announced a $3.1M seed round; FinSMEs reports Felicis as lead with participation from Y Combinator, SV Angel, Soma Capital and angel Ali Rowghani, while Seedtable lists Soma Capital as lead of the same $3.1M round. Cumulative funding is reported at $3.5M across two rounds.

Risks & controversies

Sources conflict on basic facts: the lead investor of the May 2025 seed round is reported as Felicis by FinSMEs and as Soma Capital by Seedtable, and total funding is reported as $3.1M by one source and $3.5M across two rounds by another. One aggregator lists an unusually broad investor set (including Founders Fund, Sequoia Capital, Conversion Capital and an entity named Testmunk) that is not corroborated by the primary funding coverage. Performance claims such as 6-figure P&L improvements and 3x conversion lift are self-reported and unaudited. The company is early stage with a team of eight, competing against established consulting incumbents.

Compiled by commissioned research from 5 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Funding rounds countJan 2025$2
HeadcountAug 20268
Team sizeJan 20258 employees
Total funding raisedJan 2025$3.5M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 2

by search overlap

Companies competing with Operand for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 4

launches, deals, and filings
May 2025
$3.1M seed round led by Felicis

Operand raised $3.1M in seed funding led by Felicis, with participation from Y Combinator, SV Angel, Soma Capital and angels including Ali Rowghani, former CFO of Twitter. Funds intended to expand operations and development efforts. Seedtable lists Soma Capital as lead for the same round.

$3.1M source β†—

Mar 2025
$500K seed round with Pioneer Fund

Startup Intros lists an announced $500K Seed round with Pioneer Fund as an investor.

$500K source β†—

Feb 2025
Y Combinator launch: "Operand - An AI to Kill McKinsey"

Operand published its YC launch describing an AI system that analyzes a brand's data ecosystem and answers business questions via Slack, email or a dashboard, with results verified by human experts including ex-MBB consultants. Initial capability is pricing and discount strategy; announced upcoming capabilities in ad spend management and customer engagement.

source β†—

Jan 2025
Participated in Y Combinator Winter 2025 batch

Operand is listed as a Y Combinator Winter 2025 company, with Tom Blomfield as primary partner.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Operand do?
San Francisco AI company building agents to replace traditional management consulting, starting with retail pricing strategy.
Who founded Operand?
Operand was founded by Ram Gorthi, Akhil Iyengar, Arjun Sahney in 2024.
Who are Operand's investors?
Operand's investors include Felicis Ventures, Y Combinator.
Where is Operand headquartered?
Operand is headquartered in San Francisco, US.