Optibus
Active
Automotive Ride Service Routing
Deep Learning

Business Overview

DESCRIPTION

Optibus revolutionizes public transportation scheduling and operations by introducing Optibize – an innovative, super-fast optimization technology, which is based on new patent pending algorithms. Optibize transforms legacy offline planning and problem handling into an interactive real-time process, thus elevating public transportation companies to operate much more efficiently, reduce cost, and deliver better passenger service. Optibus On-Schedule, powered by Optibize, plans crew and vehicle assignments in seconds, letting schedulers compare different alternatives, immediately choosing the one that is most efficient and appropriate. Also powered by Optibize is Optibus On-Time, which lets control room operators respond in real time to unplanned incidents or changes, preventing negative implications on passenger service and cost. The Optibus solution is provided as a SaaS model, therefore no initial investment, long-term commitment, or local IT expertise are needed. The solution is in use by major bus companies, reducing their OPEX by as much as 7%-15%.

FOUNDED
January 2014
EMPLOYEES
62
BUSINESS MODEL
B2B, B2G
OFFERING TYPE
Software
TOTAL FUNDING
$53 Million
SECTORS
Automotive Ride Service Routing

Funding Rounds

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

AI EMPLOYEES
5
AI APPLICATION
Vertical AI
AI TYPES
Deep Learning
CLOUD PROVIDER
Amazon Web Services