Celus, a Munich, Germany-based deep tech company that uses AI to streamline circuit board engineering, raised a €25M Series A funding.
The round was led by Earlybird Venture Capital, with participation from DI Capital and existing investors Speedinvest and Plug and Play. The following individuals also participated in the round and will be forming CELUS’ expert advisory board:
- Sir John Rose (former CEO of Rolls Royce);
- Sir Peter Bonfield (Chairman of TSMC and NXP);
- Carl-Peter Forster (CEO of Opel, GM Europe, and Tata Motors);
- Paul Gojenola (Electronic Engineering Lead at Google);
- Martina Koederitz (former CEO IBM Germany and DACH, & former IBM Global Industrial Managing Director); and
- Koenraad Crooijmans (former Investment Banker at Morgan Stanley) who also supported the company on the round.
Andre Retterath, Partner at Earlybird, is joining the Celus board.
The company intends to use the funds to further prioritize rapid growth with a focus on the US market, strengthen its commercial team, and further enlarge its technology leadership.
Co-founded in Munich, Germany, in 2018 by Tobias Pohl (CEO), Alexander Pohl (CTO) and André Alcalde (CPO), Celus has developed a cloud-based engineering platform that supports electronics engineers with rich component data from electronic manufacturers and adds automation to accelerate the design process.
More than 1,800 engineers already use the Engineering Platform as of today.
The company has nearly 50 employees at the moment.
FinSMEs
06/07/2022