2 years ago
PhysicsX Secures €29 Million to Empower Engineers with AI for Advanced Industries
PhysicsX, a London-based startup specializing in generative AI for engineering in advanced industries, has raised €29 million in a Series A round led by General Catalyst
The funding will accelerate PhysicsX's growth in customer delivery, product development, and fundamental research
The company aims to become an effective engineering partner for its clients, expand its product engineering arm, and advance its AI models and methods
PhysicsX's AI solutions dramatically accelerate accurate physics simulation, enable generative engineering solutions, and make complex engineering more accessible across industries
The company's team of over 50 engineers and data scientists has been working with leading engineering and manufacturing organizations on their most critical engineering challenges.
ProblemTechnology
"Bringing new technologies to the real world, especially in sectors like renewable energy, is hindered by slow and complex engineering processes, making it difficult to design, test, and manufacture at scale."
Solution
"PhysicsX offers AI-powered engineering solutions that accelerate physics simulation, enable generative design, and optimize complex engineering workflows, allowing for faster and more efficient development and manufacturing of advanced technologies."