AutonomousTechnology

Immense Simulations raises $4.6m in Series A round funding

‘Simulation as a Service’ platform is disrupting traditional transportation modeling and Immense Simulations is one of the companies working in this field. Recently the company has secured $4.6m in Series A funding.

The Series A funding was co-led by global technology investor, Amadeus Capital Partners, one of Europe’s AI investors and Global Brain Corporation. Further investment was made by 31 Ventures, part of the Mitsui Fudosan Group.

The company, founded in 2016 as a spin-out from the UK government’s Catapult programme, aims to use the investment to aid the continued growth and development of its AI-driven ‘Simulation as a Service’ platform. The platform uses simulation and AI to revolutionise how transport stakeholders make decisions about the movement of people and goods.

Immense claims to provide highly-detailed, agent-based simulations of travellers, places and mobility systems that enable rapid operational understanding of how a city moves.

Further, it facilitates experimentation with service deployments when integrating new technology and business models to a transport system. These enhanced decision-making capabilities, strategically and operationally, drive down costs and increase efficiencies for public authorities and mobility service providers.

Source: Press Release

Tags

Related Articles