Timefold, a Belgian startup that develops AI-powered planning and scheduling software, has raised $7.8 million in a seed funding round led by Fortino Capital. The company’s AI technology helps businesses optimize their planning processes, such as scheduling employees, managing projects, and allocating resources. Timefold’s software can handle complex constraints and objectives, and continuously adapt plans as conditions change. The funding will be used to accelerate product development, expand the team, and fuel international growth. Timefold’s CEO, Jeroen Leyman, believes that AI-powered planning solutions are essential for companies to remain competitive in today’s fast-paced business environment. The startup’s customers span various industries, including manufacturing, logistics, and healthcare. Timefold’s AI algorithms can quickly generate optimized plans, saving companies time and resources while improving operational efficiency.
Source: https://www.businessinsider.com/timefold-belgian-planning-ai-startup-vc-funding-2024-9