{"id":90786,"date":"2023-04-24T13:26:00","date_gmt":"2023-04-24T11:26:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=90786"},"modified":"2023-04-24T12:23:42","modified_gmt":"2023-04-24T10:23:42","slug":"modelwise-seed-financing","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/90786\/modelwise-seed-financing\/","title":{"rendered":"Modelwise receives 2 million euros in seed funding"},"content":{"rendered":"
\n

Modelwise has developed an AI-powered software platform that helps engineers keep track of safety analyses right from the design phase. It automates technical tasks, helping to improve results and save time and money. \u201cSpell checker for engineering models\u201d<\/a> Many different industries, from aerospace to automotive engineering and industrial automation, are expected to benefit.<\/p>\n\n\n\n

\u201cModelwise is the key to smart factories and Industry 4.0 while ensuring safety \u2013 no human can check 70,000 parameters,\u201d<\/p><\/blockquote>\n\n\n\n

explained Detlev Richter<\/strong>, VP Industrial and Energy Products at T\u00dcV S\u00fcd. The startup<\/a> has been working with T\u00dcV for some time now; among other things, the certification body has verified the integrity of the tool and the correctness of its results.<\/p>\n\n\n\n

Modelwise has now closed its \u20ac2 million ($2.2 million) seed funding round. Berlin-based VC Join Capital is leading the round, with Emerging Ventures and Fast by Gettylab also participating. Several business angels are also on board.<\/p>\n\n\n\n

Modelwise impresses with \u201cimpressive collaboration with the industry\u201d<\/h2>\n\n\n\n

"Companies are under increasing pressure to minimize time to market and ensure faster lead times to optimize supply chains. At the same time, they are faced with increasing product complexity. Through our close contacts with the industry, we understand their problems, and the highly manual process of safety engineering is a significant bottleneck for the entire manufacturing industry. Automating this process is a major leap forward that hasn't been addressed before."<\/p><\/blockquote>\n\n\n\n

leads Tobias Schirmer<\/strong> from, partner at Join Capital<\/a>He goes on to say:<\/p>\n\n\n\n

"We chose to support Modelwise because of the team's deep expertise in this area, the power of their proprietary technology, and their clear value proposition, underpinned by impressive industry collaboration. We look forward to supporting Florian, Arnold, Iliya, and the team in their mission to revolutionize the security engineering process across industries."<\/p><\/blockquote>\n\n\n\n

Florian Grigoleit<\/strong>, CEO of Modelwise and one of the three founders of the startup alongside Arnold Bitner and Iliya Valchef, says:<\/p>\n\n\n\n

"Safety should never be a secondary consideration in product development, but given cost, time, and other constraints, it can fall down the priority list. Our software makes safety engineering as quick and easy as spell-checking while improving quality, allowing engineers to truly focus on innovation. We look forward to working with Join Capital to take Modelwise to the next level and enable a safer future where everyone can trust technologies like autonomous aircraft."<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Munich-based industrial tech startup Modelwise develops AI for the digitalization of security technology. It has now completed its seed financing round with \u20ac2 million ($2.2 million). The round is led by Berlin-based investor Join Capital.<\/p>","protected":false},"author":33,"featured_media":64582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,4062],"acf":[],"yoast_head":"\nModelwise erh\u00e4lt 2 Millionen Euro Seed-Finanzierung - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das Industrietech-Startup Modelwise entwickelt KI zur Digitalisierung von Sicherheitstechnik. 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