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

  • May 3, 2019
    Parsons to deploy AI solution to improve I-405 mobility in LA
    Parsons is to develop a decision support system using artificial intelligence (AI) to help relieve congested areas along the I-405 Sepulveda Pass corridor in Los Angeles (LA). The company says the system uses structured rules combined with incident and real-time congestion data to drive traffic strategies that mitigate and minimise impacts caused by traffic accidents or sporting events. Parsons will work with Caltrans District 7 Traffic Operations and Los Angeles City Department of Transportation to
    Read More
  • August 17, 2022
    ITS investment on upward curve
    More money is coming into the ITS sector – but where is it likely to go next? And what are the pros and cons of all this cash? Adam Hill talks to ITS veteran and corporate investment adviser Greg McKhann
    Read More
  • July 18, 2017
    Authorities look to MaaS for new solutions and cost savings
    The structure of society and the way in which our cities work will be completely transformed by Mobility as a Service (MaaS), Finland’s minister of transport and communications Anne Berner, told ITS International’s recent MaaS Market conference 2017 in London. In her keynote address, Berner told a packed audience of more than 200 ITS professionals that MaaS has the potential to help governments around the world meet their big city targets such as the rate of employment, the environment, the efficient use of
    Read More
  • August 7, 2019
    Moovit: Gut feelings no match for data
    Cities that bring in mobility services without data might be missing out on areas where demand is highest. Ben Spencer talks to Moovit’s Alon Shantzer about how the company is helping customers to pinpoint the right locations Launching mobility services without taking into account public transportation data can lead to chaos in cities. That’s the view of Alon Shantzer, vice president international sales at Moovit, the Mobility as a Service (MaaS) provider and transit app. “The data we have can define
    Read More

Highlighted Content