DE Shaw
Assembly Line
Dive Raises $10 Million Series A Led by the D. E. Shaw Group to Transform How Manufacturers Use Computer Simulation
Dive Engineering Software, Inc. (“Dive”), the pioneering cloud-native and particle-based simulation software company, announced it raised a $10 million Series A led by the D. E. Shaw group, a global investment and technology development firm, to elevate how manufacturing enterprises engineer products through fluid simulation. Additional investors include First Momentum Ventures, Segenia Capital, and Senovo Capital, who participated in the company’s seed funding. The Berlin-based company also announced the opening of a U.S. office in Boston.
Dive helps engineers simulate the mechanics of physical product components to be seamlessly tested in a browser-based platform. The company will use this round of financing to expand its Computational Fluid Dynamics (CFD) simulation portfolio to support a variety of new simulation use cases. It will also strengthen its data analytics and data governance programs, bolstering its enterprise offering. Additionally, this round of financing will help fuel the company’s growth and expansion in the North American market.
Engineering AI Platform Neural Concept Raises $27 Million Series B to Further Accelerate Global Growth
Neural Concept, the leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, has announced that it has raised $27 million in a Series B funding round. The round was led by Forestay Capital, with the D. E. Shaw group and existing investors Alven, CNB Capital, HTGF, and Aster Group also participating. This round follows the company’s $9 million Series A round in March 2022 and $2 million Seed round in 2020. Funds raised in this latest round will be used to consolidate Neural Concept’s technology leadership in the field, as well as to accelerate its global recruitment and growth to meet strong customer demand across Europe, Asia-Pacific, and the US.
The platform combines Neural Concept’s proprietary technology with unique data analysis, MLOps, and application deployment capabilities to make Engineering Intelligence central to the product simulation and development processes. It dramatically improves collaboration across data-science, simulation, and design teams in order to enhance and accelerate innovation. Neural Concept is proven to reduce end-to-end product development times by up to 75%; accelerate product simulation by up to 10x; and improve product characteristics, including efficiency, safety, speed, and aerodynamics, by up to 30%.