Celus grabs $25M in Series A funding to automate electronic circuit board design
German startup Celus GmbH announced today it has raised $25 million in a new round of funding to help further its goal of using artificial intelligence to streamline printed circuit board development. Today’s Series A round was led by Earlybird Venture Capital and saw participation from DI Capital plus existing investors Speedinvest and Plug and Play.
The startup plans to use the cash from today’s funding round to scale its business and grow more, with a focus on expansion into the U.S. It will also expand its commercial teams and executive leadership. Celus co-founder and Chief Executive Tobias Pohl said the company will open an office in the U.S. in order to position itself in the heart of the electronics industry. “We want to reach every electronics designer out there, enabling them to focus more time on innovation and creativity, while our software reduces the tedious and time-consuming tasks they were dealing with before,” he said.