Secondmind, a Cambridge, UK-based software-defined vehicle company, raised $16M in funding.
Backers included Mazda, Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital.
The company intends to use the funds to scale key aspects of its business, including ramping up sales and marketing and accelerating the development of its cloud-native optimization engine.
Led by CEO Gary Brotman, Secondmind provides an optimization engine for the software-defined vehicle. From reducing design simulation time and calibration overhead, to continuously improving energy efficiency and performance throughout the vehicle lifecycle, its cloud-native optimization solutions give engineers the tools to re-imagine the design, development and experience of driving, and accelerate the transition to carbon-neutral mobility.
The investment from Mazda is part of a long-standing strategic partnership between the two companies to drive AI-fueled innovations that address the engineering complexity in automotive design and development. The extended partnership centers around R&D and the commercial deployment of solutions that support systems engineering and validation processes, with the goal of unlocking time and cost efficiencies through increased virtualization in design and development, and a focus on strategic applications with high complexity barriers to overcome.
FinSMEs
28/11/2023