Dive Engineering
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.