London-based startup PhysicsX has raised $32 million in the recent Series A funding round. The round was led by General Catalyst, with participation from Standard Investment, NGP, Radius Capital Ventures, and Henry Kravis (co-founder and co-executive chairman of KKR).
The new investment will be used by the company for further growth, research and development, product engineering, and customer service.
PhysicsX is a deep-tech startup which builds AI and machine-learning applications to accelerate physics simulations. It enables companies to transform their engineering processes by optimizing the physical design and engineering. It serves some very important and established industries like space, medical devices, aerospace, motorsports, renewables, etc., and works towards innovations that could bring betterment to society.
When it comes to optimizing the time-consuming engineering process, making manufacturing better, and optimizing the operations for complex machines, a physical simulation is done by scientists and engineers before any real changes are made to the system, machinery, or engineering process. PhysicsX, with the help of its team of scientists and engineers, builds AI systems and ML applications to accelerate this simulation process.
The company’s co-founders are Robin Tuluie (Co-CEO), Jacomo Corbo (Co-CEO), and Nicolas Haag (Director of Engineering), and it is headquartered in London, England, United Kingdom.
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