# ELISE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elise

- Industry: Software
- Headquarters: Bremen, Germany
- Website: www.elise.de
- Total disclosed funding: $18M
- Latest round: Series A (Jul 8, 2022)
- Investors on record: 5

## About

ELISE GmbH is a technology company specializing in process automation for engineering, utilizing artificial intelligence to enhance operational efficiency in various industries.Founded in 2018 in Bremen, Germany, ELISE GmbH focuses on developing innovative automation solutions for engineering. The company has conducted 2 deals to date, with its most recent funding round being a Series A on July 8, 2022, where it raised EUR 14.5 mn led by Spark Capital. The management team includes founders Daniel Siegel, Dung Trung, and Moritz Maier.ELISE GmbH offers a platform that integrates AI with engineering tools, allowing users to automate various engineering tasks. Key features include a visual automation editor for creating and sharing engineering automations, encompassing capabilities such as finite element setups, report generation, job preparation, and cost estimation. The platform's applications span multiple sectors, including automotive and additive manufacturing, with a client base that includes engineers and organizations seeking to optimize their operations across North America, Europe, and parts of Asia.The revenue model of ELISE GmbH is primarily based on subscription services, enabling clients to access its automation tools and AI-driven features. The company offers tiered pricing plans tailored to the specific requirements of its customers, promoting continuous engagement through support and educational resources that foster long-term relationships with engineering firms and manufacturing companies.Following its Series A funding of EUR 14.5 mn in July 2022, ELISE GmbH plans to enhance its visual programming language. The company is also looking to expand its offerings and reach new geographic markets, focusing on North America and Europe. The recent funding will support these initiatives, aimed at improving technology and broadening its customer base.

## Funding rounds

- Series A, Jul 8, 2022, $15M — Spark Capital, BMW i Ventures, Unternehmertum Venture Capital, Venture Stars, Cherry Ventures
- Seed, Oct 7, 2019, $3.3M — BMW i Ventures, Unternehmertum Venture Capital, Venture Stars, Cherry Ventures

## Investors

- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Seed, Series A
- Unternehmertum Venture Capital (https://capitalatlas.ai/funds/unternehmertum-venture-capital) — Seed, Series A
- Venture Stars (https://capitalatlas.ai/funds/venture-stars) — Seed, Series A
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed, Series A
- Spark Capital — Series A