Flux, a San Francisco, CA-based maker of a collaborative, in-browser platform for electronics design and engineering, raised $12m in funding.
The round was led by Austin McChord’s Outsiders Fund with participation from Bain Capital Ventures, 8VC, Liquid2VC; as well as select investors such as Tom Preston Werner, Founder and Former CEO of GitHub, Jonathan Ng, Joanna Hoffman, Anne Raimondi, Board member at Asana, Patreon, and Gusto; Lenny Rachitsky, Product Growth Lead at Airbnb & Product Management Guru; Andy Szybalski, Design Lead at Uber Eats; Alain Rossmann, founding member of the original Apple Macintosh team; Seth Bannon, Founding Partner at fifty.vc; Adam Lisagor, CEO, Sandwich Video; Andy Berman, Founder & CEO at Nanit & Vowel; Lucy Guo, Founder at Scale AI; Brian Norgard, CPO at Tinder; Chris Schaepe; Drew Moxon; Philip Berner; and others.
The company intends to use the funds to further expand the development team, build additional features, and support marketing efforts.
Founded by Matthias Wagner, Christian Blank, and Lance Cassidy, Flux has built a browser-based platform that offers instant collaboration and design access for electronics hardware designers, in order to streamline inefficient processes that have plagued the industry for decades. The Community Library enables the storage and sharing of open-source parts, simulation models, and schematics created by the user community. Flux can run in any modern web browser and requires no software downloads or licenses. The platform features a programmable simulator that eliminates the need for repeated downloads and uploads into resource-intensive simulators. Combined with its real-time collaboration tools, version control, and automated part-sourcing, the system helps teams work together by eliminating the hurdles and work stoppages that have afflicted engineers for decades.
FinSMEs
13/10/2021