SimScale
SimScale is a cloud-native platform that provides a comprehensive suite of simulation tools, including Computational Fluid Dynamics (CFD), Finite Element Analysis (FEA), and thermal analysis, accessible through a standard web browser.
- CEO / Founder
- David Heiny
- Team Size
- 51-200
- Stage
- Active
- Total Funding
- $86.3M
- Latest Round
- Series C Extension (October 2021)
- Key Investors
- Insight Partners, Draper Esprit (Molten Ventures), Earlybird, Union Square Ventures (USV), June Fund, Vito Ventures, Bayern Kapital, High-Tech Gründerfonds (HTGF), Vsquared, Angel Investor
Technology & Products
Key Products
["Computational Fluid Dynamics (CFD)","Finite Element Analysis (FEA)","Thermal Simulation","Electromagnetics","Solid Mechanics"]
Technological Advantage
The SaaS business model provides a lower entry barrier compared to traditional CAE software. The cloud infrastructure allows for massive parallel processing, enabling faster and more complex simulations. The platform fosters a community where users can share simulation templates.
Differentiation
Value Proposition
To make high-fidelity engineering simulation accessible and affordable for everyone by leveraging the cloud for computation, collaboration, and ease of use, thereby accelerating the design and development process.
How They Differentiate
SimScale differentiates itself through its cloud-native platform, offering accessibility, affordability, and collaboration features that are often lacking in traditional desktop-based competitors. Its pricing model is more flexible, and it does not require high-performance computing hardware on the user's end.
Market & Competition
Target Customers
Engineers, designers, and architects across various industries who need to test, validate, and optimize their designs without the high costs of traditional on-premise simulation software.
Industry Verticals
["Automotive","Aerospace & Defense","AEC (Architecture, Engineering, and Construction)","Consumer Goods","Electronics","Industrial Machinery","Healthcare"]
Competitors
Ansys; Dassault Systèmes (SOLIDWORKS); Siemens (Simcenter)
Growth & Milestones
Growth Metrics
The company has grown to over 150 employees and serves a global customer base of over 300,000 users. The company's revenue reached $21.6M in 2024.
Major Milestones
["2012: Company founded.","2015: Secured Series A funding led by Union Square Ventures.","2020: Closed €27 million Series C funding round led by Insight Partners.","2022: Raised an additional €25 million in a Series C extension.","2023: Launched new features including electromagnetics simulation capabilities.","2024: Launched AI models for centrifugal pump simulation."]
Notable Customers
Zaha Hadid Architects; Wilo; QRC Technologies; Carlisle Fluid Technologies