Valispace, a Bremen, Germany-based provider of a browser-based software that enables engineers to develop satellites, rockets and other complex hardware, raised €1M in seed funding.
High-Tech Gründerfonds (HTGF) made the investment.
The company intends to use the funds to accelerate its growth in the aerospace industry while also expanding into new markets such as medical robotics, special-purpose mechanical engineering and commercial vehicle development.
Co-founded by engineers Marco Witzmann, Louise Lindblad and Simon Vanden Bussche back in 2016, Valispace provides a browser-based software platform that enables engineers to develop satellites, rockets and other complex hardware via a system that performs the laborious task of data documentation including user manuals, test reports and interface data sheets.
The company’s customer base already includes companies from the aerospace industry, such as AIRBUS, Gomspace and Ripple Aerospace.