ELISE nabs $14.8 million to boost low-code engineering platform for process automation
Summary
To overcome the challenges of manual and repetitive development tasks, Germany-based connected engineering platform ELISE has raised $14.8 million in funding. According to the company, this leads to more efficient use of product knowledge and accelerates development significantly. The current client list of the German startup includes the likes of BMW Group, Hyundai Motor Group, MAN Truck & Bus, and Toyota Gazoo Racing.Moritz Maier, co-founder and CEO of ELISE said: This new investment will allow us to make significant progress to boost low-code standard in engineering. The ease of use of our visual programming language enables engineers to model and automate development processes in the shortest possible time. This automates manual and repetitive tasks and enables companies to manage the growing complexity of product development in the face of increasing cost and innovation pressure.Alex Finkelstein, general partner at Spark Capital added: When ELISE customers achieve up to 90 per cent time savings in development processes, its much more than a proof of concept.