Belgian AI startup Timefold has made significant strides in planning optimization, securing €6 million in funding from Lakestar and previous investor Smartfin. The funds will accelerate the development of Timefold’s platform, PlanningAI, which aims to transform how businesses handle scheduling and operational planning. Here’s what you need to know:
- Investment Focus: Timefold addresses large-scale planning challenges with enterprise-ready models for field service routing, employee scheduling, and production planning, optimizing operations across industries.
- Platform Overview: The platform simplifies complex scheduling by offering seamless integration with existing infrastructure, out-of-the-box planning models that require no mathematical expertise, and an API API that cuts development time and reduces costs.
- Origins and Expertise: They build on OptaPlanner, an open-source project by co-founder Geoffrey De Smet, whose 18 years of experience have optimized critical operations like airport and train scheduling.
- Clients and Partners: Clients like Palantir, NEC, ADP, and Deutsche Bahn rely on Timefold for increased productivity, reduced costs, and faster deployment.
- Strategy and Growth: Under CEO Maarten Vandenbroucke, Timefold offers a scalable solution, eliminating the need for custom models or weak tools. The company is expanding with experts from Showpad, Tinder, and Qualtrics.
Timefold’s mission is to revolutionize planning across industries, helping organizations achieve better outcomes while reducing waste and improving employee satisfaction.
