Immense Solutions raises $4.6m to advance AI platform

Immense Solutions has secured $4.6 million to develop its ‘Simulation as a Service’ platform which it claims increases efficiencies for public authorities and mobility service providers. Software firm Immense says the solution uses simulation and artificial intelligence (AI) to improve how transport stakeholders make decisions about the movement of people and goods. It provides simulations of travellers, places and mobility systems that enable rapid operational understanding of how a city moves, the com
May 21, 2019 Read time: 2 mins

8855 Immense Solutions has secured $4.6 million to develop its ‘Simulation as a Service’ platform which it claims increases efficiencies for public authorities and mobility service providers.

Software firm Immense says the solution uses simulation and artificial intelligence (AI) to improve how transport stakeholders make decisions about the movement of people and goods.

It provides simulations of travellers, places and mobility systems that enable rapid operational understanding of how a city moves, the company adds, helping to manage the challenges of connected, shared and electrified transport.

The funding was co-led by AI investor Amadeus Capital Partners and Global Brain, a Japanese technology venture capital investment firm.

Amelia Armour, principal, Amadeus, says: “By testing and simulating traffic, public agencies can plan and manage road use more effectively, allowing them to mitigate delays and reduce travel time.”

Naoki Kamimaeda, partner, Global Brain, says: “Smart transportation-related companies will definitely benefit from using Immense technologies and eventually it will make our society more efficient, comfortable and safe by reducing congestion and accidents and enhancing urban planning”

UTC

Related Content

  • August 29, 2019
    Tech advances create MaaS without compromise
    Advances in technology make it possible for authorities to compile and maintain MaaS platforms cheaply - and without relinquishing control to third parties. Colin Sowman finds out more… It is increasingly clear that local authorities’ reluctance to implement Mobility as a Service (MaaS) is based on politics and finance. However, the technology underpinning MaaS is evolving rapidly and is presenting new solutions. At its heart, the political resistance comes down to the divide between the ethos of public
    Read More
  • March 4, 2019
    ITS & Ethics: yes means yes
    There is an increasing wealth of information available to create personalised transport solutions – and the possibilities are exciting. But, Andrew Bunn warns, ITS companies have a duty to be explicit in explaining what people’s data is going to be used for
    Read More
  • October 3, 2018
    Ford, Uber and Lyft to share data through SharedStreets
    Ford, Uber and Lyft will make data sets available on the SharedStreets platform in a bid to help cities and mobility companies manage congestion, cut greenhouse gases and reduce crashes. The commitment was announced at the second annual Bloomberg Global Business Forum in New York. SharedStreets is funded by the Bloomberg Philanthropies consortium. Its aim is to make it easier for the private sector to work with cities around the world and utilise data to improve mobility. According to Ford, the partn
    Read More
  • February 3, 2012
    Cooperative infrastructure systems waiting for the go ahead
    Despite much research and technological promise, progress towards cooperative infrastructure system deployment is still slow. Here, Robert Cone and John Miles take a considered look at how and when it might come about. From a systems engineering viewpoint it looks logical and inevitable that vehicles should be communicating between themselves and with the road infrastructure. But seen from a business viewpoint the case is not proven.
    Read More

Highlighted Content