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

  • June 5, 2015
    Mega trends will challenge transport technology
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
    Read More
  • June 9, 2020
    The problem of mass transit ridership post-Covid 19
    Several pillars of Mobility as a Service – notably public transit, ride-share and micromobility – are under pressure as ridership plummets.
    Read More
  • July 8, 2019
    London needs just one road user charge, says report
    London’s patchwork of road charging schemes should be replaced by a single, distance-based user charge, according to new research. Apart from anything else, it would be much fairer… The UK capital’s multiple road charging schemes require a radical overhaul, according to a new report by the Centre for London thinktank. The suggested solution is to replace existing levies on drivers with a single, distance-based user charge which would more fairly reflect how much, and at what time, people are using London
    Read More
  • July 23, 2019
    ADN’s Bled SaaS option eases driver stress
    ADN Mobile Solutions has developed a technology-plus-training tool for bus operators which it says will reduce driver stress, cut emissions and improve the bottom line Public transit is at the heart of future urban mobility. The focus here is, quite rightly, on improving the experience for riders – but there is someone else in the chain who might be overlooked, despite being vital to the success of any operation: the driver. Bus drivers, for example, have a difficult job, combating congestion and the
    Read More

Highlighted Content