Simreka Closes Financing Round
Summary
Simreka, a provider of simulation software that accelerates materials driven product and manufacturing process innovation using AI, raised a seven figure seed financing round. The company intends to use the funds to give further boost to sales and marketing efforts as well as enhance their product with new capabilities. Led by Dr. Akshay Patel, co-founder and CEO, Simreka has built an enterprise simulation software and data service that allows brands and manufacturers to accelerate their R&D cycles and reduce their time-to-market with products that meet evolving customer demands. It is now looking to expand this relationship and work with SAP customers in a variety of segments including chemicals, apparel, cosmetics, etc. The company has offices in Utrecht, Netherlands, Düsseldorf, Germany, and Karnataka, India.
Funding
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