Timefold funding news – Belgian-based Timefold Secures €6 Million in Seed Funding

This funding will accelerate the development and commercialization of Timefold’s groundbreaking Planning AI 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.

Read also - Battolyser Systems funding news – Dutch-based Battolyser Systems Secures €30Million in Series A Round Funding

It’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 planning AI models for other mission-critical applications.

It’s PlanningAI platform is poised to eliminate the inefficiencies caused by inadequate planning solutions. Many businesses today face a choice between lengthy development cycles with custom-built models or underpowered off-the-shelf tools. Timefold offers a more powerful alternative—enterprise-ready models that can be easily integrated via REST APIs, reducing the need for expensive consultancy retainers or in-house expertise.

Geoffrey De Smet, CTO and co-founder of Timefold, highlighted the company’s vision: "Planning is everywhere and often hidden in plain sight, yet efficient schedules are rare. From the field service technician coming to fix your boiler, to the plane assigned to your next flight: schedules run the world. We are tackling complex planning problems by providing out-of-the-box planning models for IT teams to run, test, and configure easily. It is easy to use, no math, and no need for consultants. Our API plugs seamlessly into your software, and with Lakestar’s backing, we can help businesses deploy planning that increases productivity, improves employee happiness, and reduces carbon emissions."

It is already making a significant impact across multiple industries. Companies like Palantir Technologies have partnered with Timefold to integrate their advanced scheduling optimizers across their Foundry platform.

Molly Carmody, Planning Optimisation Lead at Palantir said, "Palantir has collaborated with the Timefold team to make their world-class scheduling optimisers available across our Foundry and AI Platforms. The team’s experience, the depth of their solutions, and their willingness to dive into hard problems has enabled us to deliver significant outcomes for our customers. We are excited about their fundraise and look forward to scaling our impact together into the future,".

CEO and co-founder Maarten Vandenbroucke commented: "Typically, companies are left with two extreme choices: build their own models which take long development cycles and costly consultancy retainers, or use underpowered automation tools. With Timefold, neither is necessary. We have enterprise-ready models for field service routing, employee scheduling, production planning, and more in development. Our clients are already achieving better outcomes and faster time-to-market, which significantly reduces risk from their end."

About Timefold

Timefold specializes in PlanningAI, designed for complex, large-scale scheduling and routing. As an open-core company, we offer enterprise-ready, scalable solutions through their PlanningAI platform, where extensible models handle diverse operational constraints. With seamless API integration and flexible deployment, Timefold simplifies planning optimization for enterprises.