Timefold
Assembly Line
Timefold Secures €6 Million to expand Planning AI platform
Timefold, a Belgian AI software startup specializing in planning optimization, has successfully raised €6 million in a seed funding round led by Lakestar, one of Europe’s top venture capital firms. Returning investor Smartfin also participated in the round. This funding will accelerate the development and commercialization of Timefold’s groundbreaking PlanningAI technology, designed to optimize complex scheduling and routing challenges faced by large-scale enterprises.
The round follows a €2 million pre-seed funding secured in March 2023, led by Smartfin, which fueled the initial development and market introduction of Timefold’s platform. The company’s software, based on the open-source OptaPlanner project, aims to solve inefficiencies in large-scale planning for industries such as logistics, transportation, field services, and workforce management.
Timefold’s platform is already trusted by several Fortune 500 companies, including Deutsche Bahn, Palantir, NEC, ADP, and Advantage Solutions. The new funding will enable Timefold to further scale its offerings, focusing on building out its platform and further developing planningAI models for other mission-critical applications.