# Flux

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flux-3

- Industry: Electronics
- Headquarters: San Francisco, US
- Website: www.flux.ai
- Total disclosed funding: $37M
- Latest round: Series B (Feb 27, 2026)
- Investors on record: 4

## About

Flux is a technology company specializing in advanced PCB design solutions, utilizing artificial intelligence to streamline the design process, enhance collaboration, and improve the efficiency of hardware development.Founded in 2019 in San Francisco, US, Flux develops a web-based platform for PCB design that enables real-time collaboration among teams. The company was co-founded by Lance Cassidy and Matthias Wagner, who has previously worked in the tech industry. In February 2026, Flux raised USD 27 million in series B funding led by 8VC, with participation from Bain Capital, Liquid 2 Ventures, and Outsiders Fund. The February 2026 will use the funding to improve its artificial intelligence hardware engineer, strengthen its electronic design platform for complex boards, and expand integrations with suppliers and manufacturers to help teams design hardware faster with fewer issues.

Flux offers an innovative platform for designing printed circuit boards (PCBs) that integrates artificial intelligence to enhance the design process. The core product is a web-based PCB design tool that allows teams to collaborate in real-time, while managing permissions and capturing feedback through comments. This platform caters to engineers and hardware startups, facilitating high-quality PCB layouts and streamlining the routing process. The AI-powered Copilot feature assists users in generating schematic connections and answering component-related questions, reducing reliance on traditional datasheets. Flux primarily targets users in North America, Europe, and parts of Asia.Flux operates on a subscription-based revenue model, allowing users to access its PCB design tools on a recurring basis. Clients, including hardware startups and engineering teams, engage with the platform through tailored direct subscriptions that may include different pricing tiers based on features. The AI Copilot feature enhances user experience, providing support and suggestions that could drive higher engagement and retention rates. The company's subscription revenue reflects the platform's effectiveness in simplifying the PCB design process, making it appealing to a diverse client base.Flux plans to utilize the USD 12 mn raised in Seed funding to expand its development team, build additional features, and support marketing efforts. The company is focusing on enhancing its product offerings with upcoming features designed to improve user experience and efficiency. Additionally, Flux aims to explore expansion into new markets, specifically targeting regions in Asia by the end of 2023, where demand for efficient hardware design solutions is growing.

## Funding rounds

- Series B, Feb 27, 2026, $27M — Bain Capital, Liquid 2 Ventures, 8VC, Outsiders Fund
- Series A, Oct 13, 2021, $10M — Bain Capital, Liquid 2 Ventures, 8VC, Outsiders Fund
- Series A, date not disclosed — Bain Capital, Outsiders Fund

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B
- Outsiders Fund (https://capitalatlas.ai/funds/outsiders-fund) — Series A, Series B
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Series A, Series B
- 8VC (https://capitalatlas.ai/funds/8vc) — Series A, Series B