Stockholm-based Adaptive Simulations secures €2.4 million for its wind flow simulation software | EU-Startups

Funding Rounds

▤ Summary

”Traditional software for flow simulations, commonly used within the automotive and aerospace industry is complex, expensive and slow. It requires weeks of person-hours as well as significant expertise,” said Sebastian Desand, CEO and co-founder, Adaptive Simulations. With this investment, we will be able to revolutionize additional industries and in the end, enable better and more sustainable products. I am truly happy that Industrifonden and Fairpoint Capital want to be a part of our journey.” The company currently has around 25 paying customers, primarily within architecture and building construction, which has been their first market to entry. They are helping leading companies such as White, Sweco, Vasakronan, and Thyréns simulate wind in urban environments.

$ Funding

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Amount - Total raised
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Date July 11, 2019 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
No industries detected
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Cloud Software Simulation Software SaaS

▦ Linked Companies

Ingrid Cloud
$1M to $5M