Founded in 2012, SimScale is the world’s first production-ready SaaS application for simulation. Recently, the company has secured €27 million in Series C funding led by Global venture capital and private equity firm Insight Partners.
Other participants include Earlybird, Union Square Ventures, June Fund, Vito Ventures, Bayern Kapital, and High-Tech Gründerfonds. The company will use this investment to accelerate the expansion of its cloud-based computer-aided engineering (CAE) platform for customers and grow global operations.