Neural Concept Revolutionizes Product Design with $27M Series B Funding
June 5, 2024, 3:37 pm
Neural Concept, a pioneer in Engineering Intelligence, secures a significant $27 million in Series B funding to propel its 3D Deep Learning platform to new heights. Manufacturers worldwide are grappling with escalating demands for performance, safety, and sustainability, coupled with the need to cut costs and accelerate innovation. Neural Concept steps in with AI-powered solutions that empower engineering teams to create superior products at a faster pace.
Founded in 2018 in Lausanne, Switzerland, Neural Concept boasts a team of over 60 experts spanning Switzerland, Germany, and the US. The company leads the charge in 3D Deep Learning for product engineering across various industries, including Automotive, Micro-electronics, Aerospace, and Energy. With a client roster that includes big names like Airbus, Bosch, General Electric, Subaru, and Formula 1 teams, Neural Concept's platform integrates Engineering Intelligence seamlessly into the product development process.
The Series B funding round, spearheaded by Forestay Capital and backed by the D. E. Shaw group and other investors, marks a significant milestone for Neural Concept. This injection of funds will fortify the company's technological prowess and fuel its global expansion to cater to the growing demand in Europe, Asia-Pacific, and the US.
A recent collaboration with NVIDIA has further bolstered Neural Concept's capabilities, enabling the optimization of physics-driven deep learning models on NVIDIA GPUs and CUDA software. This partnership aims to push the boundaries of the field and enhance product simulation and development processes. By leveraging advanced data analysis and MLOps, Neural Concept's platform streamlines collaboration, slashes development times by up to 75%, accelerates simulations by up to 10x, and boosts product efficiency, safety, speed, and aerodynamics by up to 30%.
Neural Concept's accolades include being ranked among the TOP 100 Swiss Startups and participating in prestigious programs like Venture Leaders Technology. CEO Pierre Baqué emphasizes the company's commitment to innovation and collaboration, stating, "We are thrilled to work with our investors to take Neural Concept to the next level. This funding round will enable us to build on our success and empower more OEMs worldwide to harness the power of Engineering Intelligence for faster product development."
With a visionary team at the helm and a cutting-edge platform driving innovation, Neural Concept is poised to reshape the landscape of product design and engineering. The $27 million Series B funding sets the stage for a new chapter of growth and transformation in the realm of 3D Deep Learning.
Founded in 2018 in Lausanne, Switzerland, Neural Concept boasts a team of over 60 experts spanning Switzerland, Germany, and the US. The company leads the charge in 3D Deep Learning for product engineering across various industries, including Automotive, Micro-electronics, Aerospace, and Energy. With a client roster that includes big names like Airbus, Bosch, General Electric, Subaru, and Formula 1 teams, Neural Concept's platform integrates Engineering Intelligence seamlessly into the product development process.
The Series B funding round, spearheaded by Forestay Capital and backed by the D. E. Shaw group and other investors, marks a significant milestone for Neural Concept. This injection of funds will fortify the company's technological prowess and fuel its global expansion to cater to the growing demand in Europe, Asia-Pacific, and the US.
A recent collaboration with NVIDIA has further bolstered Neural Concept's capabilities, enabling the optimization of physics-driven deep learning models on NVIDIA GPUs and CUDA software. This partnership aims to push the boundaries of the field and enhance product simulation and development processes. By leveraging advanced data analysis and MLOps, Neural Concept's platform streamlines collaboration, slashes development times by up to 75%, accelerates simulations by up to 10x, and boosts product efficiency, safety, speed, and aerodynamics by up to 30%.
Neural Concept's accolades include being ranked among the TOP 100 Swiss Startups and participating in prestigious programs like Venture Leaders Technology. CEO Pierre Baqué emphasizes the company's commitment to innovation and collaboration, stating, "We are thrilled to work with our investors to take Neural Concept to the next level. This funding round will enable us to build on our success and empower more OEMs worldwide to harness the power of Engineering Intelligence for faster product development."
With a visionary team at the helm and a cutting-edge platform driving innovation, Neural Concept is poised to reshape the landscape of product design and engineering. The $27 million Series B funding sets the stage for a new chapter of growth and transformation in the realm of 3D Deep Learning.