Optibus
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Optibus is a transportation technology SaaS company.[1][2][3]
Overview[edit]
Optibus uses patented optimization algorithms, cloud computing, and artificial intelligence to develop products for public transportation route planning, crew, and vehicle scheduling.[4][5][6][7] The company's software is used in more than 2,000 cities across 30 countries in North and South America, Europe, the Middle East, Africa, and the Asia Pacific.[8][6][9]
It is headquartered in Tel Aviv and has offices in New York, San Francisco, London, Lisbon, Santiago, Berlin, Portland, Paris, and São Paulo.[4][10]
History[edit]
Optibus was established in 2014 by Amos Haggiag and Eitan Yanovsky.[11][12][13]
In February 2021, ioki, a Deutsche Bahn subsidiary, partnered with Optibus to accelerate the integration of fixed-route and on-demand transportation in the DACH region and the rest of Europe.[4][14][12] Later in December, the company announced its partnership with Enel X to create an end-to-end solution for electric bus operations.[15][16]
In April 2022, Optibus acquired Trillium, a Portland, Oregon-based SaaS company.[8] The same month, Optibus and SCINTL Limited were selected by Tondeka Metro Company (TMC) to create Uganda's first public bus network in Kampala with permission from Ugandan Government and sponsorship of World Bank.[4][8][17][18]
The company launched Ridership Insights to enable the visualization and analysis of patronage data directly on a map during network planning.[19][20][21] In July 2022, Volvo Group Venture Capital invested in Optibus to advance the transition to electric buses and digitalize public transportation operations.[22]
As per Viola's 2022 report, Optibus is one of 85 Israeli companies valued at over $1 billion.[23][24] In 2022, New Era invested as the first fund in Optibus, which has already raised close to $200m.[3] In 2023, Optibus received investment from Verizon Ventures.[25]
Recognition[edit]
In 2018, Optibus was recognized by Gartner as a Cool Vendor,[10] and in 2020, the World Economic Forum recognized it as a Technology Pioneer.[5][26]
In August 2022, the company won Better E-Bus Challenge 2022 for its software platform organized by the World Resources Institute India (WRI) with support from the Transformative Urban Mobility Initiative (TUMI) E-Bus Mission;[27] and received the APTA AdWheel award for Best Educational Social Media.[28] The company's staff have also been recognized for contributing to the field, listed on Mass Transit's 40 under 40 lists.[29] In 2022, it was listed among the Top 50 Startups List by Calcalist.[13]
References[edit]
- ↑ "Alibaba acquires stake in Israeli transportation start-up". The Jerusalem Post | JPost.com. 2018-12-12. Retrieved 2023-10-19.
- ↑ Schlagenhauf, Wes (2018-12-13). "Optibus raises $40m to help fix the logistical dumpster fire of bus routes". The Hustle. Retrieved 2023-10-19.
- ↑ 3.0 3.1 ""The future of business lies in AI-based platforms"". The Jerusalem Post | JPost.com. 2022-03-10. Retrieved 2023-10-19.
- ↑ 4.0 4.1 4.2 4.3 "Optibus Joins Unicorn Ranks, Driven by Software Routing Public Buses, Trains". Bloomberg.com. 2022-05-16. Retrieved 2023-10-19.
- ↑ 5.0 5.1 Kenyon, Tilly (2022-05-17). "How Optibus uses AI to make transport more efficient". aimagazine.com. Retrieved 2023-10-19.
- ↑ 6.0 6.1 "Mobility tech firm Optibus raises $100 million, valued at $1.3 billion". Reuters. 2022-05-16. Retrieved 2023-10-19.
- ↑ Lunden, Ingrid (2022-05-16). "Optibus nabs $100M for AI-based mass transit ops platform". TechCrunch. Retrieved 2023-10-19.
- ↑ 8.0 8.1 8.2 Ben-David, Ricky. "Israeli transport planner Optibus to buy US company, open transit data center". www.timesofisrael.com. Retrieved 2023-10-19.
- ↑ "How did Optibus take the top spot in Calcalist's annual startup ranking?". ctech. 2022-05-11. Retrieved 2023-10-19.
- ↑ 10.0 10.1 "About the company - Optibus -Transportation Management Software". Optibus. Retrieved 2023-10-19.
- ↑ CTech (2021-12-12). ""If you look at the long term, the vision and mission are what counts. That's always optimistic."". CTECH - www.calcalistech.com. Retrieved 2023-10-19.
- ↑ 12.0 12.1 "Optibus launches new AI platform to help cities plan transit routes". VentureBeat. 2021-03-10. Retrieved 2023-10-19.
- ↑ 13.0 13.1 "Optibus CEO pauses to reflect one year after obtaining unicorn status". ctech. 2023-04-26. Retrieved 2023-10-19.
- ↑ Spiro, James (2021-10-25). "Optibus and GreenRoad partner for first safety-driven planning system in public transport". CTECH - www.calcalistech.com. Retrieved 2023-10-19.
- ↑ eriehle_admin (2021-02-18). "Deutsche Bahn Subsidiary ioki Partners With Optibus". ioki. Retrieved 2023-10-19.
- ↑ www.ETAuto.com. "Israel's Optibus raises $107 mln in private funding round - ET Auto". ETAuto.com. Retrieved 2023-10-19.
- ↑ "Israeli company to operate Uganda's first public bus network". The Jerusalem Post | JPost.com. 2022-04-07. Retrieved 2023-10-19.
- ↑ Benson, Emmanuel Abara (2022-04-04). "Focus on Uganda's first public bus network which is aimed at improving transportation in Kampala, other cities". Business Insider Africa. Retrieved 2023-10-19.
- ↑ www.ETAuto.com. "Mobility tech firm Optibus raises $100 million, valued at $1.3 billion - ET Auto". ETAuto.com. Retrieved 2023-10-19.
- ↑ "The Complete List Of Unicorn Companies". instapage.cbinsights.com. Retrieved 2023-10-19.
- ↑ Team, routeone (2022-05-19). "Optibus debuts Ridership Insights as it gains unicorn status". routeone. Retrieved 2023-10-19.
- ↑ www.ETAuto.com. "Volvo Group Venture Capital invests in Optibus for sustainable bus operations - ET Auto". ETAuto.com. Retrieved 2023-10-19.
- ↑ "Only half of Israel's unicorns are still worth $1 billion". ctech. 2023-01-02. Retrieved 2023-10-19.
- ↑ "New York is now home to a record 30 Israeli unicorns". The Jerusalem Post | JPost.com. 2023-04-24. Retrieved 2023-10-19.
- ↑ "Verizon Ventures shuts down Israel operations". ctech. 2023-03-06. Retrieved 2023-10-19.
- ↑ "Israel's Optibus: Solving Complex Mathematical Challenges For Better Public Transportation".
- ↑ www.ETAuto.com. "Optibus wins 'Better E-Bus Challenge 2022'; to help DTC optimize e-bus fleet operations - ET Auto". ETAuto.com. Retrieved 2023-10-19.
- ↑ Kendrick, Stephen. "APTA Announces Public Transit Industry's Best Marketing & Communications Work in First Place Round of the 2022 AdWheel Awards". American Public Transportation Association. Retrieved 2023-10-19.
- ↑ "2022 40 Under 40: Ted Graves". Mass Transit. 2022-08-23. Retrieved 2023-10-19.
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