Press Release

BMW i Ventures Announces Investment in Simr.

Mountain View, Calif. – May 22, 2024 – BMW i Ventures
announced today an investment in Simr, a cloud simulation company that
gives engineers a single platform for using any compute resources with
any leading simulation tool. The company’s newly launched Simulation
Operations Automation (SimOps) platform has the potential to
revolutionize how engineers design, verify, and test products by
automating sophisticated simulations in the cloud. Simr secured $20M
in Series A funding led by Uncorrelated Ventures, with investments
also from BMW i Ventures and Earlybird Venture Capital. The funding
will drive further expansion into North America and Europe, while also
growing the company’s engineering and product innovation
With the launch of SimOps, Simr (formerly known as
UberCloud) is making cutting-edge practices in computer simulations
available to design engineers everywhere. The platform not only
enables the implementation of SimOps best practices, but also boosts
innovation and productivity among design engineers, while enabling IT
and operational control. Simr is closely partnered with leading
simulation platform providers including Ansys, Siemens and Dassault
“SimOps has the potential to revolutionize how
companies design complex, breakthrough products by letting teams
iterate and test their ideas in the time they were previously forced
to waste waiting for simulations to be completed,” said Baris Guzel,
Partner, BMW i Ventures. “SimOps gives engineering teams the power to
explore more options faster, and at lower cost. As manufacturing
continues to evolve towards more digital and simulation-driven
development processes, Simr is well-positioned to play a pivotal role
in this transformation.”
– 2 –
“Simr lets engineers design
better products by giving them the ability to design and validate
literally anything they can conceive of at previously unimaginable
speed,” said Burak Yenier, Co-Founder & CEO, Simr “As demonstrated
by the traction we have with the world’s top companies and the support
of our investors, there is a strong need for these unique innovations.
SimOps is the much-needed new engine of manufacturing
# # #

About BMW i Ventures.
BMW i Ventures is the independent
venture capital firm of BMW Group. From offices in Silicon Valley and
Munich, BMW i Ventures invests in early to growth-stage companies
defining the future of automotive, sustainability, manufacturing, and
supply chain. Since starting in 2011, the firm has $800M under
management and has invested in over 75 startups, including Bcomp,
Boston Metal, CelLink, ChargePoint, GaN Systems, Motorway, Tekion, and
Xometry. For more information:

About Simr.
Simr is on a mission to help companies thrive
by embracing SimOps, the practice of automating simulation processes.
Founded by engineers to help engineers, EVERYTHING we do enables
engineers to bring new ideas to life rapidly. Compatible with any
compute platform, our self-service high-performance platform allows
engineers to quickly and securely design and test their product ideas
using familiar workflows and simulation tools within their
environments, granting them complete and exclusive control over their
simulation workflows and data. At Simr, we’re committed to making
SimOps a new manufacturing design standard. For more information,
please visit
# # #

Source link

Related Articles

Back to top button