Business Overview

Jan 2014
Date Founded
Active
Operating Status
Revenue Generating
Revenue Stage
B2B, B2G
Business Model
150
Employees

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%.

Business Stage
Launched

Founders

Optibus
Amos Haggiag
CEO
AI Expert
Optibus
Eitan Yanovsky
CTO

Board Members and Advisors

Optibus
Eyal Nir
Board Member
Optibus
Ram Greenberg
Board Observer
Optibus
Merav Rotem Naaman
Board Observer
Optibus
Tal Keinan
Board Observer

Funding Rounds

$157 M

Total Funding
9
No. of Investors

5

Funding Rounds
4.48x
Funding Growth

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

5
AI Team Size
Vertical AI
AI Application
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 Types
AI Cloud Provider
Amazon Web Services

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Startup Snapshot

Operating Status
Active
AI Team Size
5
Total Funding
$157 Million
Founded
January 2014
Funding Stage
Series C

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