News
Business Overview
Business 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%.
Operating Status
Active
Founded
January 2014
Total Employees
379
Sectors
Sub Sectors
Offering Type
Software
Business Model
B2B, B2G
Business Stage
Launched
People
Funding
Total Funding
$260,000,000
Last Funding Round
Series C
Valuation
$1,300,000,000
Funding Rounds
Investors
AI Technology Stack
AI Description
Optibus leverages a robust combination of artificial intelligence, advanced optimization algorithms and distributed cloud computing to make public transportation smarter, better and more efficient – and ultimately nourish freedom of movement and sustainable cities.
AI Technology
Deep Learning
AI Employees
5
Learning Types
AI Tasks
Algorithms and Techniques
Cloud Provider
Amazon Web Services
