German startup Valispace, a smart collaboration software for engineers, has announced raising €2.2 million from JOIN Capital and HCVC. The startup’s technology is already used by major clients like the European Space Agency, and was named by Forbes as one of Germany’s 100 Most Innovative Startups in 2018.
Valispace, founded in 2016, is a browser-based software allowing engineers to collaboratively develop better complex hardware products, including rockets, cars and medical devices. It serves as a “Single Source of Truth” and allows engineers to store and collaborate along the engineering life-cycle, all the way from requirements, through detailed design up to verification. Its technology overall helps teams develop better products more efficiently and with less mistakes, connecting to existing software solutions and automatically keeping documentation and data up-to-date.
So far, the Bremen-based startup has won impressive customers from multiple industries, such as Airbus, BMW and the European Space Agency. The most common customer use cases of the Valispace software include Agile Engineering Planning (AEP), digitization of requirements and verification management, and Single Source of Truth for non-CAD data.
“Valispace has proven to help engineers across industries to develop better hardware. From drones to satellites, from small electronic boxes to entire nuclear fusion reactors,” said Marco WitzMann, CEO of Valispace. “When modern companies like our customers have the choice, they chose an agile engineering approach with Valispace.”
“Browser-based collaboration has become a must for any modern hardware company, as the importance of communication across teams and offices increases”, Tobias Schirmer from JOIN Capital noted. “JOIN is enthusiastic to lead the round and utilize our unique position to help scale Valispace into the industries that need it most.”
Jerry Yang froM HCVC (Hardware Club) added: “Given our experiences in full-stack startups, we are excited about Valispace’s growth potential across all industries, from medical devices, through robotics, to new mobility solutions. Anyone who develops complex technologies combining electronics, mechanical systems, software, cloud and AI to provide valuable services will benefit dramatically from Valispace’s software platform.”
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
