{"id":5896,"date":"2015-12-07T13:46:37","date_gmt":"2015-12-07T12:46:37","guid":{"rendered":"http:\/\/cms.munich-startup.net\/?p=5896"},"modified":"2015-12-07T13:46:37","modified_gmt":"2015-12-07T12:46:37","slug":"union-square-invests-in-simscale","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/5896\/union-square-invests-in-simscale\/","title":{"rendered":"Union Square invests in Simscale"},"content":{"rendered":"<div class=\"entry-content\"><p><strong>Fresh capital: US investor Union Square Ventures (USV) joins forces with Earlybird Venture Capital and business angel Axel Bichara in the Munich-based startup <a href=\"\/en\/3124\/portrait-simscale-professional-3d-simulations-now-via-browser\/\" target=\"_blank\">Simscale <\/a>The company develops and markets a web-based platform for engineering simulations.<\/strong><\/p>\n<blockquote><p>&quot;Simulation technology has a massive impact on how high-end manufacturers build aircraft and cars. SimScale brings these capabilities to anyone worldwide with a browser and an internet connection,&quot; says Albert Wenger, partner at Union Square Ventures.<\/p><\/blockquote>\n<p>New York-based venture capital firm USV has invested in previous startups such as Twitter, Tumblr, and Kickstarter. Simscale is highly praised by industry experts and achieved <a href=\"\/en\/1964\/best-of-munich-2015-proglove-proves-a-lucky-hand\/\" target=\"_blank\">\u201cBest of Munich\u201d<\/a> third place.<\/p>\n<p>Simulations are indispensable in technical product development. They allow developers to test flow, structural, thermodynamic, and acoustic properties before a prototype is produced. The problem:<\/p>\n<blockquote><p>\u201cA license for professional simulation software costs around \u20ac50,000 per year,\u201d says Milad Mafi, spokesperson for Simscale.<\/p><\/blockquote>\n<p>Added to this are the costs of the hardware required for simulations. For many small businesses and startups, this is simply too expensive. This creates a clear competitive disadvantage for market entrants.<\/p>\n<h3>Cloud solution with community access<\/h3>\n<p>The company Simscale, founded by five students at the Technical University of Munich at the time, filled a niche in the market and offers its customers two usage options: Those who allow the community to view their own simulation projects can use the cloud-based simulation platform free of charge. Fees are charged only for confidential use. Simscale provides the computing power for the simulation in the cloud. Users work in a web browser. Students can also simulate with Simscale free of charge, shielded from public view, if they wish.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Fresh capital: US investor Union Square Ventures (USV), together with Earlybird Venture Capital and business angel Axel Bichara, is investing in the Munich-based startup Simscale. The company develops and markets a web-based platform for engineering simulations. &quot;Simulation technology has a massive impact on how aircraft and cars are built by high-end manufacturers...&quot;<\/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":[5633,10,1],"tags":[577,52,1097,375,252,34],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Union Square investiert in Simscale - Munich Startup<\/title>\n<meta name=\"description\" content=\"US-Investor Union Square Ventures steigt gemeinsam mit Earlybird Venture Capital und dem Business Angel Axel Bichara in das M\u00fcnchner Startup Simscale ein.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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