Last deal

$27M

Amount

Series B

Stage

03.06.2024

Date

19

all rounds

$27.6M

Total amount

General

About Company
Neural Concept uses Deep Learning to revolutionize engineering design processes.

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founded date

01.01.2018

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

The Swiss-based company, founded in 2018, offers a platform that utilizes artificial intelligence algorithms to accelerate and automate the engineering process for industrial companies. Their neural network-based predictive models enable engineers to test and optimize design ideas in real time, significantly reducing the time it takes to evaluate designs compared to traditional physical solvers. With over 50 successful industrial projects completed, Neural Concept's platform provides third-dimensional (3D) computer-aided design (CAD) solutions for the automotive and aerospace industry. By facilitating computer-assisted engineering and design, the company helps businesses speed up development cycles, enhance product performance, and reduce computational costs. Backed by Venture-Capital investors, Neural Concept aims to establish itself as a market leader in the field.
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