# Simr

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

- Industry: Software
- Headquarters: Los Altos, US
- Website: www.simr.com
- Total disclosed funding: $23M
- Latest round: Series A (May 21, 2024)
- Investors on record: 4

## About

Simr, based in the US, is a technology firm specializing in Simulation Operations Automation (SimOps), providing solutions to enhance simulation workflows for various engineering disciplines.Simr, founded in 2013 and headquartered in Los Altos, US, focuses on automating simulation operations. The company was co-founded by Burak Yenier, Michael Kapoustin, and Wolfgang Gentzsch. Recently, Simr raised USD 20.00 mn in Series A funding on May 21, 2024, led by Uncorrelated Ventures, with participation from BMW i Ventures and Earlybird Venture Capital. This was the company's third funding round, bringing the total amount raised to USD 20.00 mn.Simr specializes in Simulation Operations Automation (SimOps), designed to streamline and enhance simulation workflows across various engineering disciplines. It offers core services that facilitate a wide range of simulations, including Computational Fluid Dynamics (CFD) and Finite Element Analysis (FEA). By automating infrastructure management, Simr allows clients to concentrate on innovation while minimizing operational complexities related to high-performance computing. Their platform is compatible with leading tools like ANSYS, Abaqus, and COMSOL, and primarily serves engineering firms in North America and Europe.Simr operates on a subscription-based revenue model with per-user pricing for its simulation platform. Clients, including engineering firms and corporate R&D departments, deploy Simr's technology in their cloud environments such as AWS, Google Cloud, and Microsoft Azure. The revenue structure promotes customer ownership of compute resources, enabling organizations to maximize existing cloud service agreements while leveraging Simr's automation capabilities.In May 2024, Simr secured USD 20.00 mn in Series A funding to support its development and operational expansion. The company plans to introduce new products aimed at enhancing simulation capabilities in the coming years, although specific release dates are not disclosed. Additionally, Simr is targeting expansion into new markets, focusing on broadening its reach within North America and Europe.

## Funding rounds

- Series A, May 21, 2024, $20M — Earlybird, BMW i Ventures, Uncorrelated Ventures
- Seed, Jan 27, 2017, $1.7M — Earlybird
- Seed, Jan 11, 2017, $1.8M — Plug and Play

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed, Series A
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series A
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Series A