Consultancy : Company : Private Equity
ScaleUps are on the most difficult part of their journey: turning initial viability into exponential growth and long-term success. A decision can mean flight or free fall. That’s where a trusted partner comes in. For over 25 years we’ve partnered with the world’s leading software ScaleUps, providing the capital, operating guidance, and expansive network companies need to propel growth for the long term – and soar.
Software Defined Automation Fuels Growth Through $10M Seed Round Led by Insight Partners
Software Defined Automation, a leading innovator turning factories into software systems, announced it has raised $10 million in a seed round led by global software investor Insight Partners, with additional investment from Baukunst VC, Fly Ventures, and First Momentum. The funds will be used to scale customer adoption and extend its solution portfolio.
Software Defined Automation revolutionizes factory automation with an Industrial-Control-as-a-Service offering. Industrial-Control-as-a-Service (ICaaS) is centered around cloud-based management of existing PLCs (TechOps), Git-enabled PLC code versioning and collaboration (DevOps), as well as virtualization of PLCs on edge servers (Virtual PLC). In combination, these technologies have the power to break down proprietary silos in control technology stacks and enable API-based modern microservices architecture. This new paradigm transforms the daily lives of automation professionals by bringing remote work, cloud security, resilience, collaboration tools and independence from proprietary automation vendor hardware to the modern factory.
SimScale raises €25M for its SaaS engineering simulation platform from Insight Partners, Draper Esprit, others
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.”
Tulip Interfaces Announces $100M Series C Led by Insight Partners to Help Frontline Industries Bring Their Operations to the Cloud
Tulip Interfaces announced today that it has raised $100 million in Series C funding led by New York-based global private equity and venture capital firm, Insight Partners. New investors Pitango Growth and Marc Benioff’s TIME Ventures joined the round, as well as existing investors DMG MORI, NEA, and Vertex Ventures US.
With Series C funding, Tulip plans to expand its international operations to better support its hundreds of global enterprise customers like Terex, Delta Faucet, and Outset Medical; spanning more than 35 countries. Tulip intends to double its headcount, expanding operations in Boston, Munich, and Budapest; and establish a new APAC HQ in early 2022. The company plans to invest in new product features, and further apply AI and data science features to commonly used customer workflows. Tulip will dedicate additional resources towards its growing user community and Frontline Operations Marketplace.