Immense Simulations, a Milton Keynes, UK based provider of an AI-driven “Simulation as a Service” platform for transportation modelling, secured $4.6M in Series A funding.
The round was co-led by Amadeus Capital Partners and Global Brain Corporation, with participation from 31 Ventures, part of the Mitsui Fudosan Group.
The company intends to use the funds for the continued growth and development of its solution.
Founded in 2016 as a spin-out from the UK government’s Catapult program by Robin North, Co-Founder and CEO, Immense uses simulation and AI to allow transport stakeholders to make decisions about the movement of people and goods.
The company provides detailed, agent-based simulations of travellers, places and mobility systems that enable rapid operational understanding of how a city moves. It facilitates experimentation with service deployments when integrating new technology and business models to a transport system.
Simulation-based planning will allow cities and autonomous vehicle operators to manage the challenges of connected, shared and electrified transport.