# SimScale

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

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.simscale.de
- Total disclosed funding: $60M
- Latest round: Series C (Jun 2, 2021)
- Investors on record: 9

## About

SimScale GmbH specializes in cloud-native simulation solutions that empower engineers by providing advanced capabilities for fluid dynamics, structural mechanics, and multiphysics analysis, all accessible via a web browser.Founded in 2012 and headquartered in Munich, Germany, SimScale GmbH operates as a pioneer in cloud-based simulation technologies. The company was co-founded by Alexander Fischer, David Heiny, Johannes Probst, Rajarshi Mandal, and Vincenz Doelle. In June 2021, SimScale secured EUR 25 million in Series C funding, led by investors including Molten Ventures and Vsquared Ventures, to bolster its operations. The company has completed five investment deals to date, with a current valuation of EUR 241.168 mn.SimScale offers a robust cloud-native simulation platform that enhances engineering capabilities across various domains, including fluid dynamics, structural mechanics, thermodynamics, and more. With a true Software as a Service (SaaS) model, users can access the platform without downloads, facilitating design iterations through precise simulation results and advanced AI capabilities. The platform serves over 700,000 users worldwide, primarily in Europe, North America, and Asia, ranging from individual engineers to large enterprise teams.In the most recent fiscal year, SimScale reported a revenue of EUR 4,809,499.90 with an EBITDA of EUR -7,247,220.10.SimScale plans to leverage its recent funding from the Series C round to expand into new verticals such as rotating machinery, electronics, and automotive sectors. The company aims to roll out new products tailored for these markets, enhancing its portfolio by targeting specific customer needs. This strategic expansion is expected to unfold in the forthcoming years, aligning with the funding received on June 2, 2021, which amounts to EUR 25 million.

## Funding rounds

- Series C, Jun 2, 2021, $30M — Molten Ventures, Insight Partners, Union Square Ventures, Earlybird, June Fund, Vsquared Ventures
- Series C, Jan 22, 2020, $30M — Insight Partners, Union Square Ventures, Earlybird, High-Tech Gruenderfonds, Bayern Kapital, Vito Ventures, June Fund
- Series A, Dec 2, 2015 — Union Square Ventures, Earlybird
- Seed, Nov 18, 2014 — Earlybird, High-Tech Gruenderfonds, Bayern Kapital

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed, Series A, Series C
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series C
- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Seed, Series C
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Vito Ventures (https://capitalatlas.ai/funds/vito-ventures) — Series C
- June Fund (https://capitalatlas.ai/funds/june-fund) — Series C
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series C
- Vsquared Ventures (https://capitalatlas.ai/funds/vsquared-ventures) — Series C