# Otiv

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/otiv-b-v

- Industry: Software
- Headquarters: Belgium
- Website: www.otiv.ai
- Total disclosed funding: $1.5M
- Latest round: Series A (Nov 7, 2022)
- Investors on record: 3

## About

Based in Ghent, Belgium, and founded in 2020 Otiv B.V. provides artificial intelligence-based autonomous and assistance solutions for railways. The company was co-founded by Sam De Smet and Niels Van Damme. In January 2023, the firm raised a specific amount of Series A funding co-led by investors Finindus and SHIFT Invest, with participation from returning investor imec.start.

The company offers a wide range of autonomous driving technologies for railways. The firm solution offerings include OTIV.ONE which is an assistance system for pushed shunting. Additionally, the firm provides OTIV.TWO which is an advanced driver assistance system. Furthermore, the company offers OTIV.THREE which is full self-driving technology for rail that makes shunting, mainline, and urban rail safer and more efficient. The firm technology has wide applications such as in shunting yards, industrial sites, trams, and LRVs.

The company plans to use the January 2023 funding to develop its technology and to support the growth of its manpower.

## Funding rounds

- Series A, Nov 7, 2022, $1.5M — SHIFT Invest, Finindus, imec.istart

## Investors

- SHIFT Invest (https://capitalatlas.ai/funds/shift-invest) — Series A
- Finindus (https://capitalatlas.ai/funds/finindus) — Series A
- imec.istart — Series A