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Optibus

optibus.com

Founded Year

2014

Stage

Series D - II | Alive

Total Raised

$260M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About Optibus

Optibus provides a cloud-native solution. It offers planning, scheduling, rostering, and operations powered by artificial intelligence (AI) and optimization algorithms. The company caters to transportation agencies and operators. It was founded in 2014 and is based in Tel Aviv-Yafo, Israel.

Headquarters Location

125 Derech Menachem Begin

Tel Aviv-Yafo, 6701201,

Israel

+972-73-372-9586

Optibus's Product Videos

ESPs containing Optibus

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Infrastructure & Resource Management

The traffic modeling and simulation market refers to the use of AI and and simulation to streamline transportation planning, scheduling, and operations. Companies in the space are leveraging computer modeling, simulation software, and data analytics to predict and optimize traffic patterns and flows. This includes the use of traffic sensors, GPS data, and other sources of traffic information to op…

Optibus named as Leader among 6 other companies, including RazorSecure, CitySwift, and VivaCity.

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Optibus's Products & Differentiators

    Planning

    Software module for planning public transportation routes and travel times.

Research containing Optibus

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Optibus in 1 CB Insights research brief, most recently on May 19, 2022.

Expert Collections containing Optibus

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Optibus is included in 5 Expert Collections, including HR Tech.

H

HR Tech

4,031 items

U

Unicorns- Billion Dollar Startups

1,215 items

S

Smart Cities

2,087 items

M

Mobility-as-a-Service

610 items

Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.

A

Artificial Intelligence

10,627 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Optibus Patents

Optibus has filed 4 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/16/2016

Mathematical optimization, Optimization algorithms and methods, Permutations, Transportation planning, Operations research

Application

Application Date

2/16/2016

Grant Date

Title

Related Topics

Mathematical optimization, Optimization algorithms and methods, Permutations, Transportation planning, Operations research

Status

Application

Latest Optibus News

Do Gov Tech Suppliers Need to Provide More AI Education?

May 26, 2023

For some executives and other experts, the answer is "yes," and they are showing the way. Optibus and Motorola have set their own approaches to deepening understanding of artificial intelligence, with more to come. May 26, 2023 • No technology commands as much buzz right now as artificial intelligence . But that doesn’t mean everyone really knows AI — especially in the public sector , usually relatively slow to take on new digital tools. That might be changing, at least judging from several recent efforts from academics, government technology suppliers and other experts. One example comes from Optibus . The Israel-based seller of public transit software in May launched the Optibus Academy for Universities . Behind that rather vague name stands a precise mission: bringing “long overdue AI tools into the classroom [to] prepare students to build the public transportation networks of the future,” according to a company spokesperson. AI WORKSHOPS Via one-day and “embedded” workshops that run for a full semester, and programs at career fairs, the gov tech supplier aims to raise AI awareness and education, and prepare students for careers as decision-makers in the public sector, said Amos Haggiag, Optibus CEO and co-founder. “We would like students and academics to view AI platforms as a key tool in planning and operating transportation,” he told Government Technology. “We would love for Optibus to be that go-to platform for every operation and a must-have skill on students’ resume.” Ask just about anyone about artificial intelligence and you are likely to get many dystopian views shaped by pop culture — say, “The Terminator” or “The Matrix” franchises — or worries that reflect warnings from scientists and engineers. AI, too, often is seen as a way for students to cheat or a threat to jobs and paychecks and even long-established economic systems . “Anything that is new is going to be scary,” Haggiag said. But no matter how one views AI — or how disruptive it will be — the reality is that public agencies, from cities to states to higher education systems to the federal government, are turning to ChatGPT and other AI tools for a quickly growing list of jobs: traffic and utility management , weather forecasting, budget planning, law enforcement, the drafting of press releases, climate resilience and tutoring are a few current examples. BETTER QUESTIONS “This is a really exciting time for cities to benefit from the new tools,” said Lena Geraghty, director, sustainability and innovation, for the National League of Cities. “A healthy wariness is really good, but thoughtful consideration can also be important.” As cities slowly but surely test, buy and deploy AI, local leaders need to ask better questions about the technology, and gov tech suppliers need to do more to support those conversations via facts and education, she said. Those conversations also should go beyond the basic uses of AI. They need to take into account the risks to cities poised by AI systems that might be biased , including racially, lest local governments open themselves up to new rounds of political criticism and liability. MOTOROLA'S APPROACH For obvious reasons, public safety comes with its own set of severe risks around AI that include not only potential racism but life-and-death decision-making. “We have to accept that AI sits not just in the hands of those who are well-intentioned but also potentially bad actors motivated to pollute the world with misinformation,” Mahesh Saptharishi, executive vice president and chief technology officer of Motorola Solutions, wrote in an email interview. Saptharishi said the company works hand in hand with public safety clients on AI training, and on how to demonstrate to community members the positive ways AI can be used, such as in performing much quicker data analysis to, say, find a missing child. The company’s Summit 2023, a gathering of Motorola Solutions customers, devoted several workshops to framing AI in such ways, he said. “In each of these examples, AI is used to assist and accelerate human decision-making, not to replace it,” he said. “The belief that a human should always be in the loop is central to Motorola Solutions’ development and deployment of AI technology.” BROADER AI EDUCATION On a broader level, another new educational push might also help public officials ask better questions about AI and view the technology in deeper ways. In early May, InnovateUS, a training ground for public agency professionals, launched a free, interactive video providing information about how to use generative AI such as ChatGPT. InnovateUS said the video is the first of other planned installments meant to spark conversation about how the public sector should use AI. Questions and feedback from earlier videos will help the organization create new ones. That reflects the emerging theme when it comes to AI education for the public sector: It’s a lengthy effort that has just started, work that will no doubt evolve as AI does. That’s how Haggiag from Optibus sees it, describing the “long-term investment” in students who in the coming decades will be leaders in the public sector and gov tech. “They are going to join the workforce with a higher sense of awareness about the application of AI and will be more open to AI than previous generations,” he said. “B2G tech vendors play a major role in that awareness and education because we are the ones that best understand the technology, its applications and how the industry is already using it.”

Optibus Frequently Asked Questions (FAQ)

  • When was Optibus founded?

    Optibus was founded in 2014.

  • Where is Optibus's headquarters?

    Optibus's headquarters is located at 125 Derech Menachem Begin, Tel Aviv-Yafo.

  • What is Optibus's latest funding round?

    Optibus's latest funding round is Series D - II.

  • How much did Optibus raise?

    Optibus raised a total of $260M.

  • Who are the investors of Optibus?

    Investors of Optibus include Volvo Group Venture Capital, Verizon Ventures, Pitango Venture Capital, Insight Partners, Bessemer Venture Partners and 11 more.

  • Who are Optibus's competitors?

    Competitors of Optibus include Citymapper, Routematch, Remix, Trafi, Moovit and 11 more.

  • What products does Optibus offer?

    Optibus's products include Planning and 4 more.

  • Who are Optibus's customers?

    Customers of Optibus include Stagecoach, Antelope Valley Transit Authority (AVTA) and Tondeka Metro Company.

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