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

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