Silexica, a Köln, Germany-based developer of software development solutions for autonomous driving, raised $18m in Series B funding.
The round was led by EQT Ventures Fund with participation from existing investors Merus Capital, Paua Ventures, Seed Fonds Aachen and DSA Invest. In conjunction with the funding, Ted Persson, Design Partner and investment advisor to EQT Ventures, will be joining Silexica’s Board.
The company intends to use the funds for the further development of a Simulation Platform for software developers in multi-partner projects for embedded supercomputers.
Founded in 2014 and led by Maximilian Odendahl, CEO, Silexica provides software development solutions that enable technology companies to take intelligent products such as autonomous cars from concept to deployment. The SLX programming tools allow developers to implement software to run on embedded supercomputers by offering deep understanding of how software behaves on the system.
The company, which has offices in San Jose, CA, Rockwall, TX, USA, Hod HaSharon, Israel, and Yokohama, Japan, has partnered with global customers across many industries including automotive, wireless and aerospace.