OTIV is a Belgium-based startup founded in 2020 with the slogan "Automating the backbone of society today." Specializing in AI, computer vision, robotics, autonomous and sensor tech, and machine learning, OTIV develops assistance, remote control, and autonomous technology for the rail industry. Their solutions aim to improve safety, increase efficiency, and contribute to the modal shift. OTIV collaborates with major industry players including CAF, DB Cargo, ArcelorMittal, Green Cargo, ProRail, and SNCF to address critical socio-economic challenges such as incident costs, labor shortages, and the environmental impact of transportation.
The latest milestone for OTIV was a Series A investment received on 12 January 2023 with funding from SHIFT Invest, Finindus, and imec. This backing reflects investor confidence in OTIV’s innovative approach and underscores the potential for their technology to shape the future of rail operations. The company's focus on addressing pressing industry challenges through advanced technology and strategic partnerships positions OTIV as an intriguing player in the field.
