SimScale announces free access to simulation technology as part of its new Community Plan
Munich - 2 December, 2015 - SimScale, the web-based simulation company, today announced the launch of Community Plan, making SimScale’s entire feature set available for free, for everyone. The launch comes as SimScale also announces the successful close of its Series A funding round led by Union Square Ventures with support from Earlybird Venture Capital and angel investor Axel Bichara. The funding will be used to accelerate its vision of bringing 3D engineering simulation technology to designers and engineers everywhere.
Companies use SimScale’s platform to virtually test their engineering designs in-browser, improving their product development process. With SimScale, small and mid-sized teams are now able to get instant access to powerful simulation technology and reliable analysis results without the need to worry about large upfront investment.
As part of the SimScale Community Plan, users can collaborate and connect with thousands of other professionals and get access to hundreds of simulation projects from other Community users, ultimately getting their engineering design work done faster. With the new Community Plan and the release of additional collaboration-focused features, SimScale is set to become the world's first online ecosystem of simulation functionality, content and people brought together on one platform.
“SimScale’s vision is to make simulation a standard tool in the software stack of every engineer or designer so they can build a better product. Our approach is to focus on removing the barriers of traditional simulation tools such as cost, access and know-how by delivering a collaborative, web-based simulation environment based on a flexible pricing model,” said David Heiny, managing director and co-founder of SimScale.
“We are excited about the launch of SimScale’s Community Plan. It is a great way for people to show off their simulation work and learn from each other,” said Albert Wenger, managing partner at Union Square Ventures. “Simulation technology has had a massive impact on how aircraft and cars are built by high end manufacturers; SimScale is bringing these capabilities to anyone in the world with a browser and an internet connection. Small to mid-sized businesses and even individual engineers can now leverage their investment in CAD technologies by accessing SimScale’s simulation platform.”
SimScale is a provider of powerful web-based 3D simulation technology which is changing the way engineers, designers and students design products. With a founding team of mechanical engineers, computer scientists and mathematicians, SimScale’s goal is to enable everyone to design better products faster and cheaper by putting engineering simulation tools into the hands of a broader range of users.
Founded in 2012 and based in Munich, Germany, SimScale is led by five founders: David Heiny, Vincenz Dölle, Alexander Fischer, Johannes Probst, and Anatol Dammer. SimScale has 55,000 users worldwide.
About Union Square Ventures
Union Square Ventures is a venture capital firm based in New York City. USV is a small collegial partnership that manages $1bn across six funds. USV invests in companies that have the potential to fundamentally transform important markets.
About Earlybird Venture Capital
Established in 1997 Earlybird has raised over €700 million in fund commitments. We have backed more than 100 companies, some of which have sparked significant innovations in business and technology and resulted in large scale ($1bn+) IPOs and trade sales. Earlybird backs European companies with global ambitions and our active portfolio currently includes 37 companies across the consumer Internet and enterprise services space.
Event Type: News
Location: Munich Germany
Date: December 3, 2015