The Bellevue company develops software aimed at helping transportation companies handle scheduling in a more efficient and cost-effective manner.
What: Bellevue-based BoldIQ, a developer of optimization and scheduling software for big transportation companies
Who: Roei Ganzarski, president and CEO
Demand for on-demand: BoldIQ helps on-demand services such as private airlines and delivery vehicles so that they can schedule their staff, cars and planes efficiently. As the on-demand economy booms, BoldIQ has been expanding its scheduling software into more industries.
New way of thinking: The company’s technology inputs data from every part of the business, including, for example, every job delivery trucks must complete in a given day, as well as immediate jobs as they get called in. The system also accounts for such industry regulations as employee lunch breaks and hours worked.
Building blocks: While not disclosing how its technology is built, Ganzarski said the company uses factors not common in software development, including physics and thermodynamics. “A (jet company), for example, would use our software to behave much bigger than they are,” Ganzarski said. “Because with the same number of planes and pilots, they can fly more people than their competitors can.”
In the moment: BoldIQ’s software can take data with thousands of factors and within seconds make a schedule that best uses all resources within a second. The company’s technology allows for last-minute changes and alerts, so other arrangements can be made.
Boeing boon: BoldIQ is working with Jepessen, a Boeing company, to license BoldIQ technology so that Boeing commercial airline customers can use the software.
Save money, save time: BoldIQ’s technology aims to help businesses save on everything from fuel costs to overtime spending, Ganzarski said. For example, BoldIQ helped private airline JetSuite manage planes and pilots so it can now fly each of its 200 airplanes more than 100 hours per month.
A plane start: BoldIQ’s roots launched in the early 2000s under the name DayJet, a company that used scheduling technology to operate an on-demand airplane service, mostly for business travelers. That company shut down, but its technology and early employees carried over to BoldIQ.
New industries: BoldIQ, with 14 employees in Bellevue, works with aviation and ground transportation customers. It plans to add health care within the next 18 months. Its software can help with scheduling nurses and operating rooms, Ganzarski said. The profitable startup raised a funding round from investors in 2013, and last month added Paul Maritz, the former CEO of VMware and DayJet investor, to its board.
— Rachel Lerman