German startup Celus (formerly Contunity) has announced a €1.7 million seed round that will fuel the company’s ambition to transform the way electronic devices are developed. Its product is set to have a major impact on a wide range of industries from the consumer gadgets in our pockets, to robotics, automotive, heavy machinery, and beyond.
Designing electronics is a slow, manual process that relies on human effort. Celus, founded 2018, brings the same efficiencies to the electronics world that software engineers have enjoyed for years. By using Celus, engineers can complete tasks in minutes that would otherwise take weeks, overall saving companies 90% in time and cost. They can turn simple plans into complex printed circuit board designs at a speed, which has huge implications for the future of the electronics industry, at a time when we rely on electronic devices more than ever.
This funding round was led by Speedinvest, with participation by Plug And Play, as well as existing investor and electronics industry expert Dr. Dieter Lederer (who also invested in Celus’ pre-seed round early last year). It takes the total raised by Celus to more than €2 million.
Celus will use the new funding to triple its staff headcount, to further enhance its product and ramp up sales and marketing. Although initially targeting Europe, the startup plans to expand into the US in the coming months.
Celus CEO Tobias Pohl, commented: “With Speedinvest, Dr. Dieter Lederer and Plug And Play, we have excellent partners on board to drive the revolution of electronics engineering. Engineers should focus on innovation and creativity while machines should take over manual and repetitive steps – this is what we stand for. The effect for our customers is a tremendous reduction of time-to-market, engineering effort and budget.”
Marie-Helene Ametsreiter, partner at Speedinvest, said: “We are humbled to support Celus on its mission to substantially transform the electronics industry. The company’s technical talent and executional excellence (among many other factors) make it one of the most promising seed-stage startups in Europe.”
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
