But it helps decrease risk and improves product quality and performance.However, most CAE solutions do not deliver the rapid iteration needed to meet regulatory pressures, market demands, and consumer expectations. Through fast and accurate simulations, engineers can iterate and test various scenarios, answer questions faster, and utilize these insights for optimizing product designs.This approach also speeds up the time to commercialize the best design by compressing traditional development processes. The usage-based pricing model combined with Luminarys cloud-first approach enables collaboration and accessibility by large and geographically distributed teams.Luminary makes the workflow easier and faster through a modern web-based user experience. Plus, the companys customers span various industries from cutting-edge electric vertical take-off and landing (eVTOL) vehicles to leading sporting equipment providers including companies such as Joby Aviation, Sceye, Piper Aircraft, Trek Bikes, and Cobra Golf.By using Luminarys technology, Mueller Co., one of North Americas largest water infrastructure manufacturers, estimated that it avoided $100,000 in physical prototyping costs and two months of predicted engineering time only two months after using Luminarys software. Our platform empowers R&D teams to analyze, design, and innovate faster than they ever could before, which is crucial when facing strong and globally competitive markets that demand better products in shorter time frames.