Детали новости

PhysicsX has recently closed a successful $32 million Series A funding round

29/11/2023

PhysicsX

PhysicsX, a company that delivers AI software for engineering, has recently closed a successful $32 million Series A funding round. Investors included General Catalyst, Standard Industries, NGP Energy, Radius Capital, and KKR co-founder and co-executive Chairman, Henry Kravis.

PhysicsX's products are designed to accelerate accurate physics simulation, enable generative engineering solutions, and make complex engineering across industries more accessible. The company aims to accelerate some of the most time-consuming activities in the engineering process while making it easier for engineers to design and iterate on their products.

The company was founded by Robin Tuluie and Jacomo Corbo, and has a team of over 50 simulation engineers, machine learning and software engineers, and data scientists with backgrounds spanning numerical physics, enterprise AI, and advanced engineering, including experience in Formula One.

According to Tuluie, "engineering design processes were transformed by numerical simulation and the availability of high-performance compute infrastructure. The move from numerical simulation to deep learning represents a similar leap and will unlock new levels of product performance and ways of practicing engineering itself.

The funding will accelerate PhysicsX's growth across customer delivery, product, and fundamental research. With this investment, the company can continue to expand its services and bring more innovative solutions to its customers. The Series A funding round is a significant milestone for PhysicsX as it continues to make its mark in the AI engineering software industry.

PhysicsX

Теги

перекрестные новости

1. IENAI Secures €4 Million Funding for Space Electro...

IENAI Secures €4 Million Funding for Space Electrospray Thruster System Development

2. Dracula Technologies Announces 25% Performance Imp...

Dracula Technologies Announces 25% Performance Improvement in New LAYER OPV Modules

3. Fujitsu's Strategic Shift: Divesting Its Stake in ...

Fujitsu's Strategic Shift: Divesting Its Stake in Shinko Electric Industries

4. Chip Sales Surge: US Overtakes China for the First...

Chip Sales Surge: US Overtakes China for the First Time in Five Years

5. SoftBank Acquires Graphcore: A Strategic Move in t...

SoftBank Acquires Graphcore: A Strategic Move in the AI Compute Space

6. RLD90QZW8: 120W 905nm infra-red laser diode

RLD90QZW8: 120W 905nm infra-red laser diode

7. Chips Pulse Announces Vacation Period for Chinese ...

Chips Pulse Announces Vacation Period for Chinese New Year Celebration!

8. Intel to Receive Increased €9.9bn Subsidy for Germ...

Intel to Receive Increased €9.9bn Subsidy for German Fab-Site

9. EIRSAT-1: First Irish Satellite

EIRSAT-1: First Irish Satellite

10. Nano Arduino integrates ESP32 processor with Wi-Fi...

Nano Arduino integrates ESP32 processor with Wi-Fi and Bluetooth capabilities