Draper Esprit

Assembly Line

SimScale raises €25M for its SaaS engineering simulation platform from Insight Partners, Draper Esprit, others

Date:

Author: Vishal Singh

Topics: funding event

Organizations: SimScale, Draper Esprit, Insight Partners

David Heiny, co-founder and CEO of SimScale, explains, “Our vision is to make engineering simulation a standard tool in every engineer’s tool kit, and accessible early in the design stage, throughout the entire R&D cycle, and across teams, applications and industries. With hundreds of thousands of users and millions of simulation jobs carried out, we’ve made significant progress towards it in recent years.”

However, Heiny continues, “there are still entire industry sectors that we haven’t started addressing yet, and billions of dollars in CAE market value left untapped. This additional investment allows us to double-down on our strategy and accelerate our pace at which we extend SimScale’s offering.”

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