Earlybird Venture Capital
Canvas Category Consultancy : Company : Venture Capital
Earlybird is a venture capital investor focused on European technology innovators. Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. Earlybird Venture Capital has grown to four autonomous, dedicated and specialized teams, focusing on different geographies and sectors.
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RIIICO secures $1.5 million to advance AI-powered digital twins in manufacturing
German startup RIIICO has raised $1.5 million in a pre-seed funding round led by Earlybird Venture Capital and US-based investors to push AI-driven digital twin creation forward. RIIICO’s advanced segmentation AI and meshing algorithms help manufacturers to translate their shopfloor reality directly into a transparent digital 3D model. The results are used across the factory software landscape for simulating the virtual start of production or different VR and AR applications.
Celus grabs $25M in Series A funding to automate electronic circuit board design
German startup Celus GmbH announced today it has raised $25 million in a new round of funding to help further its goal of using artificial intelligence to streamline printed circuit board development. Today’s Series A round was led by Earlybird Venture Capital and saw participation from DI Capital plus existing investors Speedinvest and Plug and Play.
The startup plans to use the cash from today’s funding round to scale its business and grow more, with a focus on expansion into the U.S. It will also expand its commercial teams and executive leadership. Celus co-founder and Chief Executive Tobias Pohl said the company will open an office in the U.S. in order to position itself in the heart of the electronics industry. “We want to reach every electronics designer out there, enabling them to focus more time on innovation and creativity, while our software reduces the tedious and time-consuming tasks they were dealing with before,” he said.