Inecosys GmbH, a Munich, Germany-based rapid control engineering startup, raised a high six-figure funding from High-Tech Gründerfonds.
The exact amount of the deal was not disclosed.
The company intends to use the funds to continue development efforts of the RSD process and the underlying embedded hardware.
Founded in 2014 by three PhD students from the Department of Internal Combustion Engines at the Technical University of Munich, Inecosys supports its customers in the implementation of embedded projects through the Rapid Series Development Platform (RSD). Research and pre-development results are generated in a continuous and agile process on rapid control prototyping systems and then transferred to the requirements of the final series product. As a result, customers achieve accelerated market readiness with reduced overall development costs at the same time.
The service offering of the company ranges from the provision of the platform and the implementation of the process to development services and series production. Up to now, customers have mainly been companies from the automotive sector.
With the seed investment, HTGF finances the development of the RSD process and the underlying embedded hardware. With this new platform, additional customers from the mechanical- and plant-engineering, production, energy and construction machinery sectors will be addressed in addition to the existing customers.