{"id":57779,"date":"2020-02-21T16:12:23","date_gmt":"2020-02-21T15:12:23","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=57779"},"modified":"2020-02-21T08:44:27","modified_gmt":"2020-02-21T07:44:27","slug":"simscale-series-c","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/57779\/simscale-series-c\/","title":{"rendered":"Simscale secures 27 million euros"},"content":{"rendered":"<div class=\"entry-content\">\n<p><strong>Simscale has closed a \u20ac27 million Series C round led by New York-based investor Insight Partners.<\/strong><\/p>\n\n\n\n<p>The Munich-based company offers a SaaS application that enables engineers to easily perform sophisticated 3D simulations via a web browser. In addition to Insight Partners, the <a href=\"\/en\/5896\/union-square-invests-in-simscale\/\">existing investors<\/a> Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gr\u00fcnderfonds participated in the financing round. The Munich-based company plans to use the capital to accelerate the expansion of its cloud platform and expand its global business. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cSimscale is proud to enable cloud-based simulations for development teams all over the world,\u201d<\/p><\/blockquote>\n\n\n\n<p>says the CEO <strong>David Heiny<\/strong>. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We are thrilled to welcome the Insight Partners team to Simscale&#039;s journey. This investment marks the next phase of Simscale&#039;s growth as we empower more customers to produce better designs, faster.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Simscale offers cloud platform for software simulation<\/h2>\n\n\n\n<p>The Munich-based company&#039;s platform offers simulations using computational fluid dynamics (CFD) and finite element analysis (FEA) in the cloud. Unlike traditional simulations on in-house computers, customers avoid hardware, software, and maintenance costs. Furthermore, multiple designs can be tested simultaneously, allowing users to more quickly identify those with the best performance. The platform runs via standard web browsers. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cSimscale\u2019s platform has minimized the hurdles that have prevented many engineering firms from using simulation,\u201d<\/p><\/blockquote>\n\n\n\n<p>says <strong>Joshua Fredberg<\/strong>, Operating Partner at Insight Partners. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Now, engineers who previously thought such capabilities were beyond their reach can also simulate designs. We believe Simscale is well positioned to transform not only the audience for simulations, but also the way they are used in various fields of engineering.&quot;<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Simscale has closed a \u20ac27 million Series C round. The round is led by New York-based investor Insight Partners. The Munich-based company offers a SaaS application that enables engineers to easily perform sophisticated 3D simulations via a web browser. In addition to Insight Partners, existing investors Earlybird, Union Square Ventures, June\u2026 are also participating.<\/p>","protected":false},"author":26,"featured_media":5913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1,5635],"tags":[1012,52,375],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simscale sichert sich 27 Millionen Euro - Munich Startup<\/title>\n<meta name=\"description\" content=\"Simscale kann eine Serie-C-Finanzierung mit 27 Millionen Euro abschlie\u00dfen. Die Runde wird angef\u00fchrt vom New Yorker Investor Insight Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/57779\/simscale-series-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simscale sichert sich 27 Millionen Euro - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Simscale kann eine Serie-C-Finanzierung mit 27 Millionen Euro abschlie\u00dfen. Die Runde wird angef\u00fchrt vom New Yorker Investor Insight Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/57779\/simscale-series-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-21T15:12:23+00:00\" \/>\n<meta name=\"author\" content=\"Simon Tischer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Simon Tischer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/57779\/simscale-serie-c\/\",\"url\":\"https:\/\/cms.munich-startup.net\/57779\/simscale-serie-c\/\",\"name\":\"Simscale sichert sich 27 Millionen Euro - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/57779\/simscale-serie-c\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/57779\/simscale-serie-c\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2015\/12\/SIMSCALE_WORK_CLEAN_201511-2486.jpg\",\"datePublished\":\"2020-02-21T15:12:23+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d\"},\"description\":\"Simscale kann eine Serie-C-Finanzierung mit 27 Millionen Euro abschlie\u00dfen. 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