Venture Hollywood startup Rapidto awarded cash prize by Livable Smart Cities competition for AI mass transit mobile app
By Robin Rowe
BEVERLY HILLS, CA (Venture Hollywood) 2018/9/8 – Venture Hollywood startup Rapidto has been awarded a prize for its design of a transportation mobile app using AI and GPS to track bus locations whether urban or inter-city. App shows precisely where a traveler’s bus is and predicts when it will arrive. City managers and bus companies can track where their buses are, do dynamic resource loading, adding or removing buses from routes based on how many people are waiting.
Rapidto has been invited to Germany to present its solution at the Deutsche Telekom annual Innovation Day forum. Deutsche Telekom, with 156 million mobile customers and 218,000 employees in 50 countries, is one of the leading telecommunications companies in the world. It’s a majority owner of T-Mobile USA, the third largest wireless carrier in the U.S.
HeroX is a joint venture created to transform philanthropy, social innovation and technology through innovation prizes of up to $1 million. Backed by the XPRIZE and City Light Capital.
Rapidto is the second Venture Hollywood startup to be awarded a HeroX prize for innovation. Heroic Robots received a prize for AI financial chatbots design in January 2018.
Venture Hollywood is a Los Angeles venture foundry launched in January 2018 to serve the commercial opportunities that many Fortune 500 companies offer in waiting for startups to innovate and build markets. Venture Hollywood has a dozen startups under management, in AI, robotics, fintech, enterprise and consumer products.
Robin Rowe is the director of Venture Hollywood, with a dozen startups under management. He’s worked as an innovation provider to Mattel, AT&T DirecTV, GoPro, DreamWorks Animation, NBC-TV and the BBC. At Fortune 500 defense company SAIC he managed two divisions and was founding director of their innovation lab. As a software architect he’s designed safety-critical systems and national critical infrastructure. He was a DARPA PI and a navy research scientist. He’s taught object-oriented software design at the University of Washington and the Naval Postgraduate School. He’s an organizer of the USC Innovation Conference.