{"id":77581,"date":"2021-11-08T14:28:00","date_gmt":"2021-11-08T13:28:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=77581"},"modified":"2021-11-08T13:43:14","modified_gmt":"2021-11-08T12:43:14","slug":"simscale-secures-another-25-million-euros","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/77581\/simscale-secures-another-25-million-euros\/","title":{"rendered":"Simscale secures another 25 million euros"},"content":{"rendered":"
\n

At the beginning of last year<\/a> Simscale announced a Series C financing round of \u20ac27 million. The round was led by New York-based investor Insight Partners. Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gr\u00fcnderfonds also participated in the financing round. Nine months later, the startup has raised an additional \u20ac25 million from its investors. The round is led by Draper Esprit and Insight Partners. Earlybird, June, Vsquared, and USV are participating in the investment. The total volume of the Series C round thus rises to \u20ac52 million.<\/p>\n\n\n\n

Simscale: \u201cHundreds of thousands of users and millions of simulation jobs\u201d<\/h2>\n\n\n\n

Simscale operates offices in Munich and Boston, Massachusetts. According to the company, Munich companies<\/a> the world's first SaaS application for engineering simulations. Founded in 2012, the company aims to simplify the use of previously expensive computer-aided engineering (CAE) software. Many existing CAE solutions are difficult to use and cannot be scaled without the use of expensive hardware and software, the company says. With the new funding, the Munich-based company plans to expand into new industries and applications, such as rotating machine parts, electronics, and the automotive industry.<\/p>\n\n\n\n

David Heiny<\/strong>, Co-Founder and CEO of Simscale says:<\/p>\n\n\n\n

"Our vision is to make engineering simulation a standard tool for every engineer. With hundreds of thousands of users and millions of simulation jobs, we have made significant progress in recent years."<\/p><\/blockquote>\n\n\n\n

<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Simscale has increased its Series C round by \u20ac25 million to \u20ac52 million. The Munich-based company offers 3D simulations for engineers.<\/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],"tags":[52,375],"acf":[],"yoast_head":"\nSimscale sichert sich weitere 25 Millionen Euro - Munich Startup<\/title>\n<meta name=\"description\" content=\"Simscale hat seine Series-C-Runde um 25 Millionen Euro auf 52 Millionen Euro erweitert. 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