Observed Signal · Sep 16, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Neutral
Belgian startup Timefold raises €6M for planning optimisation platform
Timefold, a Belgian AI software startup, has raised €6 million from Lakestar and prior seed investor Smartfin to accelerate the development and commercialisation of its AI-powered planning optimisation platform. The platform, named PlanningAI, aims to simplify complex, large-scale scheduling challenges for businesses and government entities such as airports, rail companies, and emergency services. Timefold builds on OptaPlanner, an open-source optimisation solver created by CTO and co-founder Geoffrey De Smet, previously under IBM Red Hat. The company claims its solution eliminates lengthy development cycles and costly consultancy retainers by providing enterprise-ready models for field service routing, employee scheduling, and production planning. Timefold's clients include Palantir, NEC, ADP, and Deutsche Bahn. The funding will support further product development and commercial expansion, with the company recently onboarding senior executives from Showpad, Tinder, Qualtrics, Match Group, Techwolf, Paperbox, and RightCrowd.
Minor funding round for an AI planning startup, not directly impacting adtech but relevant to AI infrastructure.
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Key Takeaways & Evidence Grounding
- Timefold raised €6 million in funding from Lakestar and Smartfin.
- Timefold's platform is called PlanningAI, designed for enterprise planning optimisation.
- Timefold builds on OptaPlanner, an open-source project created by Geoffrey De Smet under IBM Red Hat.
- Timefold's clients include Palantir, NEC, ADP, and Deutsche Bahn.
- Timefold recently onboarded senior executives from Showpad, Tinder, Qualtrics, Match Group, Techwolf, Paperbox, and RightCrowd.
Connected Companies & Entities
9 Entities mapped“raised €6 million from Lakestar...”
“Timefold clients include Palantir, NEC, ADP, and Deutsche Bahn....”
“Timefold clients include Palantir, NEC, ADP, and Deutsche Bahn....”
“Timefold clients include Palantir, NEC, ADP, and Deutsche Bahn....”
“previously under IBM Red Hat...”
“Timefold has recently onboarded senior product, financial, commercial and marketing executives from top Belgian software companies like Show...”
“Timefold has recently onboarded senior product, financial, commercial and marketing executives from top Belgian software companies like Show...”
“Timefold has recently onboarded senior product, financial, commercial and marketing executives from top Belgian software companies like Show...”
“Timefold has recently onboarded senior product, financial, commercial and marketing executives from top Belgian software companies like Show...”
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