Location: New York City, New York, United States United States
Founded in: 2016
Stage: Revenue generating
Number of employees: 1-5
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New York City, New York, United States United States
  • About
Company description
BusBot is the first automated revenue management solution for the city-to-city bus industry. These operators lose $15B every year by hiring and training revenue managers who still use pen and paper to make suboptimal decisions. We use AI to tell them how many buses to schedule each day, how to allocate them throughout the day, and how to adjust ticket prices to maximize profits. Our MVP can produce an estimated 44% increase in gross profits, and we've leveraged free press to sign 3 paid pilots. We’ve also signed contracts with 3 other bus-tech startups that will allow us to cross-sell our products to their existing customer base. The founders have been best friends and business partners for over a decade. Our first travel startup achieved profitability and generated press on four continents. In January, Bob Dorf (co-author of The Startup Owner's Manual) published a full blog post praising our ability to execute. In February, we won NYU’s Flash Pitch competition, judged by Brooklyn Bridge Ventures, BDMI, and Social Starts. And in March, we won the grand prize at the StrtupBoost Investor Conference, where we competed against more than 60 startups, including many who had already raised earlier rounds of financing.