SimScale, a Munich, Germany-based developer of web-based platform for engineering simulation, raised an undisclosed amount of venture capital funding.
Backers included Earlybird Venture Capital, High-Tech Gründerfonds, Bayern Kapital, and a consortium of business angels.
The company intends to use the funds for the development of the simulation functionality that will enable it to address further industries.
Spun-out of TU München in 2011, SimScale leverages 3D rendering technology, interactive collaboration functionality and connection to large external computing centers to provide a web-based platform to run sophisticated 3D simulations, no matter if dealing with structural mechanics, fluid mechanics, thermodynamics or acoustics analyses.
The solution is in productive use by customers around the globe, from a diverse range of industries such as plant manufacturing, facilities engineering or pump and valve design.
FinSMEs
19/11/2014