Dive Engineering Software, a Berlin, Germany based cloud-native and particle-based simulation software company, raised $10m in Series A funding.
The round was led by the D. E. Shaw group, with participation from First Momentum Ventures, Segenia Capital, and Senovo Capital.
The Berlin-based company, which also announced the opening of a U.S. office in Boston, will use the funds to:
- expand its Computational Fluid Dynamics (CFD) simulation portfolio to support a variety of new simulation use cases,
- strengthen its data analytics and data governance programs, bolstering its enterprise offering, and
- accelerate growth and expansion in the North American market.
Led by Pierre Sabrowski, co-founder and CEO, Dive helps engineers simulate the mechanics of physical product components to be seamlessly tested in a browser-based platform. The company’s Computational Fluid Dynamics (CFD) software is a tool used by engineers to predict the behavior of liquids and gases through computer simulations. This allows for the design and extensive testing of mechanical products without the need for physical prototypes. These virtual counterparts are created using 3D design data. Prominent applications of CFD include the design of aircraft, car bodies, pumps, heat exchangers, and even the combustion processes in engines and gas turbines.
Dive serves customers in more than 10 countries around the world, including renowned brands such as the BMW Group and ZF.
FinSMEs
05/06/2024