Neural Concept, a Switzerland-based tech pioneer, is reshaping electric vehicle (EV) design through a significant $27 million Series B funding. Backed by leading investors, the company aims to enhance automotive innovation with artificial intelligence (AI).
Accelerating product development, Neural Concept uses its proprietary 3D Deep Learning technology to cut design times by up to 75%. This platform optimises processes and sharpens competitive edges, substantially benefiting engineering teams worldwide.
Founded in 2018, Neural Concept emerged from the prestigious EPFL in Lausanne, bringing groundbreaking AI advancements to engineering. Its platform incorporates 3D AI at every phase of product development, helping engineers conceptualise, design, and validate projects with unprecedented speed. By immersing itself in Engineering Intelligence, Neural Concept is pushing the boundaries of what is achievable in product simulation and development.
Deborah Pittet from Forestay Capital expressed enthusiasm, acknowledging the company’s pioneering efforts in 3D Deep Learning. She highlighted the substantial customer traction and success across various industries, emphasising that the Series B funds will drive Neural Concept’s global expansion and reshape product design processes.
The company’s collaboration with NVIDIA is a testament to its technological advancement. This partnership focuses on optimising physics-driven deep learning models using NVIDIA GPUs, paving the way for a future where AI models are more efficient and versatile.
Jean Nations from the D. E. Shaw group remarked on the vast potential of Neural Concept’s technology, underscoring its ability to propel product engineering teams forward. Nations noted that dozens of manufacturers are already reaping the benefits of this cutting-edge platform.
The strategic investments align with Neural Concept’s vision to integrate AI deeply into engineering practices, positioning themselves as frontrunners in technological advancements and industry transformation.
This financial injection is pivotal for scaling Neural Concept’s capabilities and ensuring they continue to lead in the field of engineering innovations, meeting the market’s evolving needs efficiently.
Having secured significant funding, Neural Concept is poised to expand its influence, targeting key regions like the Asia-Pacific and the United States. Their approach signals a significant shift in engineering methodologies, embracing AI for transformative results.
The substantial funding injection poises Neural Concept for a promising future, enhancing its technological capabilities and expanding its global reach. As the company pioneers new heights in AI-driven engineering, its impact on EV design strategies is set to redefine industry standards.
