# Modelwise

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

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.modelwise.ai
- Total disclosed funding: $2.2M
- Latest round: Seed (Apr 21, 2023)
- Investors on record: 3

## About

Based in Munich, Germany, and founded in 2018, Modelwise GmbH provides automated functional safety analysis software. The company was founded by Arnold Bitner, Florian Grigoleit, and Iliya Valchev. In April 2023, the firm raised EUR 2 million in Seed funding led by investor Join Capital, with participation from other investors Emerging Ventures and FAST by GETTYLAB. 

The company offers software as a service named Paitron which is a functional safety suite that automates failure analysis using simple drag and drop. Engineering models can be proofread using Paitron, which also offers a one-click method for safety evaluation. It may be used for FMEA, FMECA, and FMEDA, and unlike other systems, Paitron makes use of digital models that have previously been created in well-known modeling programs like OrCAD and Matlab Simulink. Additionally, the firm also provides tool and process consulting. The customer base of the firm includes MicroSys, Pepperl + Fuchs, and many others.

The company plan to use the April 2023 funding to advance its functional safety engineering software to the next level.

## Funding rounds

- Seed, Apr 21, 2023, $2.2M — Emerging Ventures, Join Capital, FAST by GETTYLAB

## Investors

- Emerging Ventures (https://capitalatlas.ai/funds/emerging-ventures) — Seed
- Join Capital — Seed
- FAST by GETTYLAB (https://capitalatlas.ai/funds/fast-by-gettylab) — Seed