UK-based PhysicsX raises €29.2M to reinvent AI and simulation engineering technologies
Summary
London-based PhysicsX, a deep-tech startup building artificial intelligence(s) to power engineering, has secured $32M (approximately €29.2M) in a Series A round of funding. The round also saw participation from Standard Industries, NGP Energy, Radius Capital, and KKR co-founder and co-executive chairman, Henry Kravis. With this investment round, Jim Baum, an experienced entrepreneur with a track record at companies like Netezza, Endeca, and PTC, has joined PhysicsX’s Board. By leveraging AI engineering solutions, PhysicsX aims to overcome these obstacles, paving the way for industries to efficiently develop and manufacture advanced designs and materials for a more sustainable future. The startup uses generative AI to facilitate groundbreaking engineering solutions across various advanced industries such as automotive, aerospace, renewables, and materials production.
Funding
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