Who founded Plate IQ?

Plate IQ was founded by Bhavuk Kaul, Ram Jayaraman, Dan Wywrot, Michael Burdick in 2014.

Who are Plate IQ's investors?

Plate IQ's investors include 500 Global, Eileses Capital, FTV Capital, Gala Capital Partners, Initialized Capital, Salt Partners, Y Combinator, MM VENTURES and 3 more.

How much funding has Plate IQ raised?

Plate IQ has disclosed $160M raised across 1 of its 3 known rounds.

Where is Plate IQ headquartered?

Plate IQ is headquartered in London, US.

Plate IQ

YC S15

London, US · Founded 2014 · 200 employees · 11 known investors

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Ottimate is an AI-powered accounts payable automation platform that automates the full invoice lifecycle—from coding and routing to approval and payment—for finance teams across industries. The company serves AP managers, controllers, and CFOs looking to reduce manual processes and operational burden.

Also known as Qubiqle Inc. · Ottimate · PlateIQ · PlateIQ, Ottimate

AI & Machine Learning Enterprise Software Fintech SaaS FinanceUnited KingdomUnited States of AmericaEuropeAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (S15)

Plate IQ was founded in 2014 by Bhavuk Kaul, Ram Jayaraman, Dan Wywrot, and Michael Burdick.

Bhavuk KaulCo-founder · Board Member

Ram Jayaraman Co-founder · Board MemberRam Jayaraman co-founded Plate IQ (YC S15) and Automatic Labs (YC S11), both at the intersection of hardware and AI. He is now building Ottimate, an AI-powered accounts payable automation platform.

Dan Wywrot

Michael Burdick

Kevin LeducEngineering Manager

Afshan KhanRecruiter

Investors · 11

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Y Combinator's founder network · Not right? Tell us

Eileses Capitallisted by Eileses CapitalSan Francisco

FTV Capitallisted by FTV CapitalNew York · $10M – $30M

How we know: FTV Capital's portfolio page · ftvcapital.com · funding news · Y Combinator's founder network · Not right? Tell us

Gala Capital Partnerslisted by Gala Capital PartnersIrvine

How we know: Gala Capital Partners's portfolio page · Not right? Tell us

Initialized Capitallisted by Initialized CapitalSan Francisco · $1M – $5M

How we know: funding news · initialized.com · Y Combinator's founder network · Not right? Tell us

Salt Partnerslisted by Salt PartnersSan Francisco

How we know: Salt Partners's portfolio page · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

MM VENTURESreported

How we know: Y Combinator's founder network · Not right? Tell us

Plug and Play VenturesreportedSilicon Valley · $50K – $400K

How we know: Y Combinator's founder network · Not right? Tell us

Venture Investment AssociatesreportedPeapack

How we know: Y Combinator's founder network · Not right? Tell us

WefunderreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Funding

SEC filings, press & company announcements

$160M disclosed across 1 of 3 rounds · 2017–2021

$160MSeries BNov 2021 · 2 sources
FTV Capital
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

The YC application· Summer 2015 batch

▶ Demo Day video — watch on YC ↗

Founder mafia

2 people who came through Plate IQ went on to found or lead other companies.

Anna SanteramoVP of Platform Product and Strategic Partnerships/GTMFounded StyleBee Ram JayaramanCTOFounded South Park Commons

Related companies · 6

CaptivateIQCaptivateIQ provides a modern platform for automating commission and compensation management, helping companies align incentives with revenue outcomes. The platform serves sales-driven organizations looking to improve ROI on incentive programs and support sales rep motivation and performance.

PatientiqPatientIQ is a healthcare analytics platform that automates the collection of patient-reported outcomes and provides actionable insights to healthcare organizations. The platform serves hospitals, health systems, specialty practices, medical device manufacturers, and biotechnology companies seeking to improve patient outcomes and enable data-driven care decisions.

IntuitIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

Intacct

OktaOkta provides identity and access management products designed to protect the identities of workforce and customer users. The company serves enterprises and organizations that need to manage identity authentication and authorization across digital environments.

VidIQvidIQ offers AI-powered tools for YouTube creators, providing content ideas, video optimization (titles, tags, thumbnails), and creator coaching to help grow views and subscribers. It serves online video creators worldwide.

Companies working in the same space as Plate IQ.

Legal entities · 1

corporate structure

Qubiqle Inc.

In the news

Ottimate Raises $160 Million to Expand VendorPay Networkottimate.com · Nov 2021

Frequently asked questions

What does Plate IQ do?: Ottimate is an AI-powered accounts payable automation platform that automates the full invoice lifecycle—from coding and routing to approval and payment—for finance teams across industries. The company serves AP managers, controllers, and CFOs looking to reduce manual processes and operational burden.
Who founded Plate IQ?: Plate IQ was founded by Bhavuk Kaul, Ram Jayaraman, Dan Wywrot, Michael Burdick in 2014.
Who are Plate IQ's investors?: Plate IQ's investors include 500 Global, Eileses Capital, FTV Capital, Gala Capital Partners, Initialized Capital, Salt Partners, Y Combinator, MM VENTURES and 3 more.
How much funding has Plate IQ raised?: Plate IQ has disclosed $160M raised across 1 of its 3 known rounds.
Where is Plate IQ headquartered?: Plate IQ is headquartered in London, US.