Spark Capital

Assembly Line

ELISE Raises €14.5 million to scale Connected Engineering

Date:

Topics: Funding Event

Organizations: ELISE, Spark Capital, BMW

We are incredibly proud to announce that we have closed our Series A financing round of €14.5 million! The investment is led by the renowned US Investor Spark Capital, with participation from BMW i Ventures, Cherry Ventures, UVC Partners, and Venture Stars. “This new investment will allow us to make significant progress towards our goal of becoming the low-code standard in engineering. The ease of use of our visual programming language enables engineers to model and automate development processes in the shortest possible time,” explained Moritz Maier, co-founder and CEO of ELISE. “With our open platform, we enable engineers to transfer the agile and efficient methods of software development to hardware development. This automates manual and repetitive tasks and enables companies to manage the growing complexity of product development in the face of increasing cost and innovation pressure.”

Read more at ELISE Blog