BMW i Ventures, the independent venture capital arm of the BMW Group, has announced an investment in Simr, a cloud simulation company which gives engineers a single platform for using any compute resources with any simulation tool.
The BMW unit said Simr’s newly launched Simulation Operations Automation (SimOps) platform had the potential to "revolutionise 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 would drive further expansion into North America and Europe while also growing the company’s engineering and product innovation teams.
Simr works with other simulation platform providers including Ansys, Siemens and Dassault Systemes.
“SimOps has the potential to revolutionise 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.”
Burak Yenier, Simr CEO: “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.”
