Simscale raises another 25 million euros

This brings the total of the Series C financing round to 52 million euros.

It is the extension of the Series C financing round from January 2020: the start-up Simscale has received a further 25 million euros, bringing the total raised to 52 million euros. The round is led by venture capitalist Draper Esprit from London and also includes investors Earlybird, June, Vsquared and USV.

Founded in 2012, the Munich-based start-up is dedicated to computer-aided engineering (CAE), which is crucial for the product development process by carrying out simulations. Simscale focuses on the weaknesses of CAE in order to compensate for them or simplify access for companies. The start-up's SaaS solution is designed to enable consistent and accurate simulations in the cloud for R&D across all product cycles and industries, Simscale explains its offering.

CEO David Heiny says of his start-up's mission: "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." This has also convinced Christoph Hornung from Draper Esprit, who comments on Simscale's offering: "By integrating first-class, traditionally proprietary simulation technologies into the cloud, it will revolutionize an entire industry."