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SimScale
Cloud-based 3D simulation
- 101-200 employees
- B2B
- Enterprise
- SaaS
- Cloud Computing
- Schwanthalerhöhe, Munich, Germany
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Company mission
To be the destination for designers across the globe, by providing a cloud-based simulation tool, educational hub, and collaborative community of innovators.
-1% employee growth in 12 months
Our take
Simulation and computer-aided engineering (CAE) software exists to help engineers in analysis tasks, by imitating real-life scenarios from mathematical formulae to enable optimisations and adjustments to be found prior to manufacture. However, though utility is high, CAE solutions can be difficult to implement, hard to scale, and require large investment in hardware and maintenance. SimScale provides a cloud-based simulation tool for Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD), to enable engineers to easily implement simulation CAE across R&D cycles.
SimScale, founded in 2012, began life as a consultancy, before bringing cloud computing to simulation. Its platform enables organisations of any size to make use of engineering simulations, by removing the large hardware costs that would normally make them economically inaccessible; and providing accurate end-to-end simulations that can be generated without experience in the technology. The company initially provided CFD services, used to solve structural problems, before expanding to include FEA, for fluid-flow problems, by a partnership with the firm Simerics.
SimScale has hundreds of thousands of users and is progressing towards its goal of making engineering simulation a standard tool in the industry. Funds raised by the company will help it expand into new industries by adding more simulation capabilities.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Discounted Gym Membership: We offer a gym membership with multiple locations to make it easier for our employees to invest in their health, wellbeing, and workout regularly!
- Learning and Development: With the right training in place, we offer our employees the opportunity to further develop their competencies and skill-sets, to ultimately become more successful and satisfied.
- Mobile Working: Modern technology coupled with the widespread use of digital communication enables remote working. We embrace mobile working as it offers many possibilities for our employees!
- Flexible Working Hours: It doesn’t matter if you are an early bird or a night owl, at SimScale you have the freedom to plan your workday.
- Competitive Health Benefits: Whilst working in a competitive and ambitious environment, it is just as important to take care of your health. At SimScale, we’ve got you covered!
- Child Care Contributions: In addition to flexible working hours, and home office possibilities to support family commitments, we also provide contributions for our mini SimScaler’s nursery or kindergarten childcare.
- Retirement Plan: We are future-oriented, and take care of our employees! We provide employees with a retirement plan that will contribute towards a comfortable and secure future.
- Tech Talks and Social Events: Whether it’s through tech talks, social events or other organized activities, we are not just working together, we like sharing, and enjoying each other’s company!
Company values
- We always put the customer first: We start every day determined to serve our customers better. We treat our customers’ success as our success, and their problems as our problems.
- We strive to be world-class at what we do: We’re striving to be world-class in our individual roles, and deliver superior results. We don’t succumb to complacency, and always challenge ourselves to reach higher goals.
- We walk the talk: We lead by example. We demand from ourselves what we demand from others, and treat others as we want to be treated.
- We put the team’s interest ahead of our own: No matter our position, we serve the team’s interest before our own. We acknowledge that diversity of ideas, skills, and backgrounds helps us to make better decisions.
- We challenge the status quo: We know that success requires constant innovation. We are active, and open-minded. We don’t shy away from getting a different perspective, and aren’t afraid to disagree.
- We own our outcomes: We’re entrepreneurs. If we own a project we take full responsibility for its success or failure, and do not make excuses.
- We get going when the going gets tough: We understand that tackling big challenges requires big effort, grit, and stamina. Determination, persistence, and doing the right things are required to win.
- We are passionate: We’re excited about SimScale’s mission. We believe in the future we’re building, and are proud to be part of the journey.
Funding (last 2 of 3 rounds)
Oct 2021
$26.3m
SERIES C
Jun 2021
$26.3m
LATE VC
Total funding: $81m
This company has top investors
Leadership
David Heiny
(Co-Founder & CEO)Former Software Engineer at FluiDyna. Co-founded SimAcc Engineering.
Vincenz Doelle
(Co-Founder & COO)Co-founded SimAcc Engineering. Former Software Engineer & Consultant at CQSE.
Alexander Fischer
(Co-Founder & Product Manager)Works in Thermal Management Applications. Co-founded SimAcc Engineering.
Johannes Probst
(Co-Founder)Experienced in Computer-Aided Engineering Software.
Anatol Dammer
(Co-Founder)Experience as a Backend Director.