SimScale, a Munich, Germany-based web-based simulation company, closed a Series A funding round.
The round, whose amount was not disclosed, was led by Union Square Ventures with participation from seed funding investor Earlybird Venture Capital and angel investor Axel Bichara.
The company intends to use the funds to bring high-performance 3D simulation technology to designers and engineers globally.
Founded in 2012 by David Heiny, Vincenz Dölle, Alexander Fischer, Johannes Probst, and Anatol Dammer, SimScale provides web-based 3D simulation technology for engineers, designers and students to virtually test their designs in-browser, improving their product development process.
Today, the company has also announced the launch of Community Plan, which makes its products available for free, for users who can now share their simulation projects, fostering an environment of mutually-beneficial knowledge-sharing to optimize product designs.
The platform currently has 55,000 users worldwide.
FinSMEs
02/12/2015